The global climate tech ecosystem continues to show strong growth and momentum attracting large investments, innovation and talent.
As 2022 comes to a close, we would like to look back and reflect on the impacts that the global climate tech space has offered this year. Of the reports released, we found that Tech Nation‘s climate tech report 2022 provided some great insights that we’d like to share.
Some highlighted takeaways from the report include:
–> The number of technology companies tackling the climate crisis has increased 4x since 2010.
–> The UK is second only to the United States in number of climate tech startups and scaleups, with over 5,200 climate tech pioneers now operating, compared to the US’ 14,300.
–> The global climate tech ecosystem is maturing, attracting over half of total investment in 2021 in deals over $250m, compared to just 11% in 2017.
–> 2022 is set to be another record year for investment. Already at $74bn, investment is being driven by large rounds ($185m+) into later stage companies.
–> Climate tech investment as a proportion of all investment has reached 17% in 2022, a significant increase from just over 3% in 2017.
–> Globally, there are already 160 climate tech unicorns, and this is only the beginning!
It is motivating to see how over the past ten years, the UK has become a world leading hub for climate tech, and we are committed to further supporting the ecosystem and unlocking additional growth. Looking ahead, we will continue to invest in outstanding climate tech companies led by exceptional founders that will drive decarbonization and accelerate the transition to net zero.
Access to the full report can be found here.