European climate tech funding sunk to five-year low in Q1 — here’s why

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The Next Web 1d ago

European climate tech funding sunk to five-year low in Q1 — here’s why - The Next Web

Quick Summary:

Europe’s climate tech startups raised $2.3bn (€2bn) in the first quarter of this year — the lowest total since Q3 2020, according to Dealroom data. Behind the headline figure lies a complex mix of growing pains, shifting investor focuses, and broader VC market dynamics, experts told TNW.

More specifically, they said the slowdown stems from a blend of market maturity, strategic repositioning, AI’s outsized pull on capital, and a tough exit environment.

Siôn is a freelance science and technology reporter, specialising in climate and energy.