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Climate tech matured in 2024 as investors favored bigger rounds, later stages
Climate tech may have had a down year in 2024, but new data also shows a maturing sector with larger deal sizes. Venture investment in the climate tech
After a brief winter following clean tech’s implosion alongside the Great Recession that began in December 2007, founders and investors reworked their approach, tackling new markets and technologies. As those startups have matured, they’ve started to capture larger, later stage rounds with higher valuations, PitchBook data shows. Those startups that are struggling are finding it harder to raise, while those which have cracked the code are being rewarded with bigger deals, investors have told me.
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