Emerging Tech Research: Climate Tech

Announcing PitchBook’s new climate tech research

As the impacts of climate change unfold, emerging tech startups are targeting a range of industries as they seek to decarbonize the economy, and venture investors are responding with increasing amounts of capital.

PitchBook’s inaugural Emerging Tech Research report on climate tech recaps a record-setting Q3 and introduces our newest area of analysis, including market maps, a Q3 timeline, and spotlights on emerging opportunities.

Key takeaways
 

• Climate tech startups raised $12.9 billion in venture funding last quarter, up 49% over Q2 and 38% year-over-year.
   
• The median pre-money valuation for early-stage startups in the sector rose 105% year-over-year, driven by deals in battery tech, alternative proteins, and mobility startups.
   
• The capital invested in forest carbon tech has more than tripled in 2021, as these startups work to meet the increasing demand for carbon credits through machine learning, lidar technology, and advanced reforestation efforts.