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Climate tech startups have raised an impressive $8.1 billion in the first quarter of 2024, indicating a robust resurgence in investment after a quieter end to 2023. Despite a slight decrease in the number of deals, the total funding soared nearly 400%, showcasing investor confidence in the sector. Notably, attention has been focused on materials, particularly green steel and battery materials and minerals. Top deals include Swedish startup H2 Green Steel securing $4.5 billion, followed by battery recycler Ascend Elements with $162 million. These investments underscore the growing significance of climate tech in addressing global emissions.

For those seeking funding for climate tech ventures, the CREtech Climate Venture Coalition can help. Learn more here.

Original article posted on May 3, 2024