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More cleantech companies fail as fundraising challenges emerge
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More cleantech companies fail as fundraising challenges emerge

"Part of the challenge for cleantech companies is the number of rising sectors that are now competing for funding. '[Cleantech] companies have struggled to grow revenues at margins that would chart a path to profitability,' said Bilal Zuberi, a general partner at Lux Capital. 'Venture capitalists have seen a larger-than-expected portion of their [cash] reserves called into other sectors like AI, life sciences and defence tech.'"

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