Today, we released our report on H1 2024 climate tech investment trends — it’s been another weak first half, but we’ve seen some strong plays. You can check out our charts, trends, and analyses of climate tech investment totals, deal counts, top deals and FOAKs, big bankruptcies, length of time between raises, and most active investors, of the past half-year, here: https://lnkd.in/gne3Wx_6 And thanks to Michelle Ma, clean tech reporter at Bloomberg News, for covering the report, featuring an interview with our CEO Kim Zou, in this new story: https://lnkd.in/gdUTVJha
Sightline Climate (CTVC)’s Post
More Relevant Posts
-
Sightline Climate's H1 2024 climate tech investment report highlights the growing need for capital in series B and growth. A few key findings ⬇ - 📉 Overall funding for Series B and Growth dropped 24% and 33% respectively, in H1’24, compared to the same time last year. This leads companies to be stuck in the 'Valley of Death,' where early stage ventures struggle to scale- and must either conserve capital or get increasingly unfavorable funding terms. - ⏲ The time to raise Series B has increased 2.5x since 2021, now averaging over 2 years to complete. The companies that do get to Series B are seeing larger deal sizes on average, but with the number of Series B deals down 28%, more and more companies are finding themselves stuck in the Valley of Death. To read more about how we are investing in European scale ups decarbonizing our economy, visit our website: https://lnkd.in/g_Uk5AE8
Today, we released our report on H1 2024 climate tech investment trends — it’s been another weak first half, but we’ve seen some strong plays. You can check out our charts, trends, and analyses of climate tech investment totals, deal counts, top deals and FOAKs, big bankruptcies, length of time between raises, and most active investors, of the past half-year, here: https://lnkd.in/gne3Wx_6 And thanks to Michelle Ma, clean tech reporter at Bloomberg News, for covering the report, featuring an interview with our CEO Kim Zou, in this new story: https://lnkd.in/gdUTVJha
🌎 A weak $11.3bn start to 2024
ctvc.co
To view or add a comment, sign in
-
Half Year Climate Tech VC update from Sightline Climate (CTVC): - continued drop in funding, bringing VC funding levels back to 2020 levels - round count dropped across all rounds - although round size increased across all of Seed, Series A, Series B - funding gap at Series B - the time between series A and series B has been creeping up and up, now standing at 26 months average - FOAK - there are large rounds happening that include a chunk of money for funding first-of-a-kind deployments Plenty more to sink your teeth into: https://lnkd.in/gne3Wx_6
🌎 A weak $11.3bn start to 2024
ctvc.co
To view or add a comment, sign in
-
The funding dearth around series B is borne out by the half-year report from Sightline Climate (CTVC) - time taken to get to Series B more than double what it was at the peak (healthy level probably somewhere in the middle). A lot of the early stage funds we speak to are spending a lot of time working with their portfolio companies to help them secure these rounds. They aren't coming easy. HOWEVER, one trend that this report misses, given its exclusive scope on venture equity, is that climate tech companies are increasingly accessing non-dilutive finance to scale up. That is an absolutely critical transition for many climate companies to make, and it is starting to happen.
Half Year Climate Tech VC update from Sightline Climate (CTVC): - continued drop in funding, bringing VC funding levels back to 2020 levels - round count dropped across all rounds - although round size increased across all of Seed, Series A, Series B - funding gap at Series B - the time between series A and series B has been creeping up and up, now standing at 26 months average - FOAK - there are large rounds happening that include a chunk of money for funding first-of-a-kind deployments Plenty more to sink your teeth into: https://lnkd.in/gne3Wx_6
🌎 A weak $11.3bn start to 2024
ctvc.co
To view or add a comment, sign in
-
Big release from Sightline Climate (CTVC) today. The 2024 H1 Climate Tech Investment Report is here. Topline: We're seeing an overall slowdown in Climate Investment across all deal types. Silverlining: Larger $s for later stage rounds and increases in FOAK project financing gives hope to some world changing companies rising to the top. More here... 💰 Lots of $ but decreasing YoY * Funding in the first six months of 2024 totaled $11.3 billion * That's down 20% from this time last year 📈 Early stage investment is starting to tapper off. * Seed funding declined 12% from last year * Seed deal count decreased 30% for the same period for the first time. 💸 The fight for quality is real. * Average deal size for Seed, Series A, and Series B increased by 19% * Fewer companies are making it passed the valley of death, but when they do, they're getting more $$$$s. 📅 Time between rounds: The average time it takes a company to raise a Series B in 2024 has more than doubled from 2021, jumping from 11 months to 26 months. ⛰ Series B Valley of Death: And the Valley of Death between Series A and Series B has become more precarious, as a large cohort of climate tech companies approach the milestone. Interested in the full data set?
🌎 A weak $11.3bn start to 2024
ctvc.co
To view or add a comment, sign in
-
Sightline Climate (CTVC)'s 2024 H1 report just released today - there's a lot more in the report than I can summarize here but I promise it isn't all negative news. For Sightline clients, there's an extended version of this report available on the platform. 💰 H1’24 funding: Funding in the first six months of 2024 totaled $11.3bn, down 20% from H1’23 and down 41% from H2’23. 🤝 Deal count: Overall deal activity decreased — H1’24 deal count totaled 553, down 26% from H1’23’s 749 deals. 💸 Round size: Average deal size between Seed and Series A actually increased by 19%, but decreased by 13% from Series C to Growth, compared to H1’23. 🔋 FOAK-level finance: H1’24 saw a flurry of investment towards companies at the FOAK stage, such as H2 Green Steel, Fervo, and Rondo. ⏱ Time between rounds: The amount of time to go from Series A to Series B has crept over the two-year mark. Any questions please feel free to send me a note!
🌎 A weak $11.3bn start to 2024
ctvc.co
To view or add a comment, sign in
-
Content Manger & Climate Copy Writer | Ghostwriter For Green Tech Founders | Put Your Money Where Your Future Is.
I studied 30 pitch decks from unsuccessful climate tech funding attempts. The goal? To find some common themes and mistakes that are holding back the funding our sector desperately needs. Here's what I found: 🚫 Unclear Development Timelines Climate tech innovations grapple with extensive research and development, and regulatory approvals. Failing to present a clear timeline for R&D and market launch can create investor skepticism from the get go. 🚫 Lack of A Vision to Scale Investors are looking for a roadmap to growth, especially in climate tech where scaling can be a colossal challenge. A pitch without a clear strategy for expansion is akin to steering a ship without a compass. 🚫 Unproven Market Fit Climate tech innovations are uncharted territory, a work in progress. However, investors remain cautious about diving into untested waters. Proof of concept and market fit are pivotal in gaining their trust. 🚫 Founder Instability Balancing a passion for climate goals with a practical business approach is crucial for attracting investors. Founders who overemphasise on 'saving the world' might miss the mark on presenting a solid business strategy. 🚫 Skirting Commercial Viability Investors need more than just good intentions; they need a clear path to profitability and market competitiveness. Neglecting this crucial aspect can erode their confidence in your vision. 🌱 Only 16% of the required climate finance needs are currently being met. Let's face it, conferences and summits are great for networking and idea-sharing, but unless we can channel global funds towards planet-saving technology, we won't meet our collective goals. P.S. This not a critique of the Climate Tech VC atmosphere, or an exhaustive list of reasons behind the failure. Just my observations.
To view or add a comment, sign in
-
⚙️ The need for climate tech innovation, especially in high-emissions sectors, makes start-up funding crucial, however climate tech funding is down and this drop is part of a wider collapse in private market activity. Leading climate tech investors suggest there is still opportunity within the current deflated market. Explore what this means for C-suite leaders at the forefront of climate innovation: https://pwc.to/3GhXcc6 #ClimateTech #Investors #Climate
To view or add a comment, sign in
-
Despite recent macro headwinds, the stage is set for long-term adoption of climate tech solutions and investors remain committed to the sector. Read @Silicon Valley Bank’s annual report for a full update on what recent venture trends mean for the #climatetech ecosystem. https://lnkd.in/eU4bzqtK
The Future of Climate Tech 2024 | Silicon Valley Bank
svb.com
To view or add a comment, sign in
42,705 followers