The Green Blueprint cover image

The Green Blueprint

Venture investors riff on headwinds, hype, and wildcards of 2023

Jan 17, 2024
Venture investors discuss the challenges faced by climate startups in 2023, including decreased deal counts and round sizes. They analyze the impact of the fundraising environment on different sectors and the emergence of a new normal in valuations. The decline of SPACs and lack of liquidity are discussed, along with challenges in building commercial facilities. Investor anxieties and climate concerns are also addressed.
45:16

Podcast summary created with Snipd AI

Quick takeaways

  • Climate tech venture investing in 2023 saw a decline in deal counts, round sizes, and repeat investors, impacting the sector negatively.
  • Exits in the climate tech sector were significantly impacted in 2023, with the decline of SPACs and limited activity in IPO markets, leading to lower valuations and liquidity challenges.

Deep dives

Decline in Climate Tech Venture Investing in 2023

In 2023, climate tech venture investing saw a decline in deal counts, round sizes, and repeat investors. Valuations took a hit, exits tanked, and growth investment dropped considerably. The fall in IPO markets, M&A challenges, and rising interest rates also impacted the sector. However, certain sectors like storage, hydrogen, and steel thrived, while plant-based meat replacement and consumer-facing companies struggled. Despite the challenges, the year was seen as a time of building as companies focused on expanding runway, profitability, and attracting investors in the future.

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