Category: Climate tech VCs already raised more in 2024 than whole of last year
Climate tech funding skyrockets in 2024, surpassing last year’s total in just months!
- Climate tech funding has surged, with VCs raising $6.9 billion in 2024, surpassing the total of $5.2 billion from all of 2023.
- The increase in funding is largely attributed to significant contributions from Bill Gates’ Breakthrough Energy Ventures, which closed funds totaling over $1.4 billion this year.
- While fewer funds were closed in 2024 (24 compared to 26 last year), the average fund size increased from $202 million to $267 million.