Read the full story at PitchBook.
VC funding for climate tech startups has slowed to its lowest pace in nearly three years, a worrying sign for an industry which had, until recently, brushed off the tech market downturn.
In Q1, climate tech startups raised $5.7 billion across 279 VC deals, according to PitchBook data. That’s a 36% decline in deal value and a 31% decline in deal count from the previous quarter. From its peak in Q3 2021, quarterly deal value has fallen more than 50%.
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