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PitchBook Analyst Note: VC Investment in Climate Technology

Q2 2023

PitchBook Analyst Note: VC Investment in Climate Technology

June 20, 2023

Note: This is the free edition of premium content produced by our Emerging Technology Research team. As a result, parts of this version are blurred out. The full version is available only to PitchBook clients.

A tipping point for climate tech 

The median venture-growth pre-money valuation for climate-tech companies jumped from $96.1 million to $172.7 million between 2021 and 2022, but can the industry sustain that momentum? Find out in our latest analyst note, which delves into emerging opportunities and spotlights key players, from fledgling seeds to venture-growth behemoths like TerraPower and Climeworks.


Table of contents
Key takeaways 1
Introduction 2
Climate tech VC ecosystem market map 3
VC deal activity 6
Influencing factors for climate tech 13
Cross-sector climate tech trends 13