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Local weather tech wrapped a robust Q3, touchdown three of the highest 4 fairness offers, together with the whopping $1 billion Sequence A raised by fleet charging startup TeraWatt.
Whereas the broader market may be cooling, local weather tech continues to be a sizzling ticket, with funding figures for high offers in Q3 outpacing the 2 earlier quarters this yr. In whole, 5 local weather tech startups made CB Insights’ high 10 fairness offers checklist in Q3, pulling in a mixed $3.7 billion. That far exceeds final quarter’s $2.5 billion throughout eight high startups and Q1’s $1.4 billion throughout 5 high startups.
Prime local weather tech investments continued to diversify, too, displaying simply how deeply it’s changing into embedded into the financial system.
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