While the venture capital world slows, climate tech is bucking the trend as startups in the space continue to ink deals at a record pace. In the process, the sector is climbing the ranks.
In the first quarter of this year, five climate tech deals made it into CB Insight’s top 10 lists covering seed and venture capital rounds. In total, those five climate tech deals pulled in $1.4 billion in funding. By the second quarter, eight such startups made the lists, collectively drawing investments worth $2.5 billion.
The trend is even stronger if you omit data from China, where the Communist Party’s influence tends to distort the funding picture. Outside of China, …
