Europe has twice as many climate tech startups as the US — but there’s a catch

Europe is home to twice as many climate tech startups as the US (30,000 vs. 14,300). However, limited access to VC funding is forcing these early-stage companies to seek capital from outside the continent, according to a new report released at the Munich Security Conference today. Venture financing in Europe averaged just 0.2% of GDP between 2013 and 2023, a fraction of the US average of 0.7%. While the continent is great at creating clean tech companies, it’s not so good at funding them.  The authors of The Importance of Climate Tech for European Resilience report — the World Fund,…

This story continues at The Next Web

from https://thenextweb.com/news/europe-has-twice-as-many-climate-tech-startups-as-us