VC Funding for Climate Tech Dips 40% in First Half of 2023

Climate tech has been an investing bright spot since 2021 in an otherwise dismal venture capital ecosystem, raking in deals as other sectors stagnated. But the first half of 2023 saw a decrease in climate venture funding, according to a new report from Climate Tech VC (CTVC), which tracks venture capital funding for climate tech across seven categories and over 60 subsectors.

Funding during the first six months of the year totaled $13.1 billion. That marked a 40% decrease compared to the same period last year, according to the report. That change reflects an overall slowdown in venture capital ...