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PitchBook Analyst Note: Climate Tech Software

Q4 2024

PitchBook Analyst Note: Climate Tech Software

December 12, 2024

Climate software hits a hiccup

Annual funding for climate software startups has hit a low point for the past few years. As of November, climate tech software companies raised $4 billion, compared with $5.8 billion annually in each of the preceding three years, according to PitchBook’s latest analyst note on climate tech software.

But there is still tons of white space to be found, whether that is in carbon accounting, Earth data, or building energy efficiency.


Table of contents
Key takeaways 1
Introduction 2
Challenges for hardware startups 3
VC activity 5
Key areas for climate tech software 9