Katie Jennings and Alan Ohnsman of Forbes report on carbon-reduction funding.
- While venture capital spending slowed down for most industries last year, climate tech received record funding.
- Svante, a Canadian carbon capture startup, raked in the most money last year after it raised $318 million in a Series E round led by Chevron Technology Ventures.
- Globally, private investments in the clean energy space reached a record $1.1 trillion last year.
- The private sector is leading the way to deliver clean energy progress.
“Last year investors pumped nearly $4.2 billion into startups working on technology to reduce CO2 emissions, up from $3.6 billion in 2021, according to PitchBook. The number of deals also increased to 204 in 2022 from 167 in 2021. Svante, a Canada-based carbon capture startup, scored the biggest funding haul of the year, raising a $318 million Series E round led by Chevron Technology Ventures in December. “Last year investors pumped nearly $4.2 billion into startups working on technology to reduce CO2 emissions, up from $3.6 billion in 2021, according to PitchBook. The number of deals also increased to 204 in 2022 from 167 in 2021. Svante, a Canada-based carbon capture startup, scored the biggest funding haul of the year, raising a $318 million Series E round led by Chevron Technology Ventures in December.”
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