30 Best Climate Tech VCs For Your Startup in 2024

Looking for the best climate tech VCs for your startup in 2024? Finding the right venture capital firm can be challenging, especially when you want to impact the environment.

But don’t worry, as this article is here to help. We will show you the top venture capital firms that are excited about new ideas and ready to support startups like yours. They are all about helping you make a difference in climate change.

So, let’s get started.

ClimateTech Investment Outlook

Investing in climate tech, which focuses on solutions for climate change, is a big deal right now.

According to Dealroom, in 2022, the total value of all climate tech startups dropped by 20% to $2.0 trillion, but it went back up to $2.5 trillion in 2023. This shows that climate tech is growing a lot, with its total value increasing 45 times in the last ten years.

While there was a slowdown in climate tech investments in the first half of 2023, Europe did really well and became the top region, beating the US. In fact, Europe had its best quarter ever in Q3 2023, with $10 billion invested in European climate tech projects.

Even though 2023 didn’t reach the record-breaking $76 billion investment seen in 2021, it was still much higher than 2020 and other previous years.

The US is the top country for investing in climate tech, followed by China, the UK, and Sweden. Since 2018, the US has invested $131 billion, much more than China’s $54 billion. Countries like the UK, Sweden, Germany, and France have also invested between $11 and $ 18 billion each.

The share of global investment in climate tech has more than tripled in the last ten years, reaching a record high of 16% in 2023. This means that more and more investors are putting their money into climate tech startups.

Startups focused on climate technology receive the majority of investment for projects that favorably impact the environment, indicating that these ventures are highly appealing to environmentally-conscious investors.

In the coming years, there is a positive outlook for investments in climate technology, with increased growth anticipated in industries such as transportation, energy, and real estate. Climate tech startups are showing that they can make a big difference in the fight against climate change.

Watch this video by New York Times Events to learn more:

What Sectors Considered Within ClimateTech?

ClimateTech encompasses various sectors dedicated to combating climate change and promoting environmental sustainability.

Certain industries put their efforts into creating new and advanced solutions to minimize the release of greenhouse gases, enhance energy efficiency, and contribute towards a sustainable future.

So, here are the different sectors that are considered within Climate Tech:

  • Renewable Energy: This sector develops solar, wind, and hydropower sources to replace fossil fuels.
  • Energy Efficiency: Focuses on reducing energy use in buildings, transportation, and industries.
  • Transportation: Includes electric vehicles and sustainable transport to cut emissions.
  • Smart Grids and Energy Storage: Develops smart grid tech and batteries for efficient energy systems.
  • Carbon Capture and Storage (CCS): Captures CO2 from industries and stores it underground.
  • Circular Economy: Promotes recycling and waste reduction for sustainable production.
  • Agriculture and Food Systems: Uses sustainable practices and reduces food waste.
  • Water and Wastewater Management: Manages water efficiently and treats wastewater.
  • Building and Construction: Focuses on green building practices and energy-efficient designs.
  • Climate Data and Analytics: Collects and analyzes climate data for informed decision-making.

These sectors work together to address climate change and create a more sustainable world.

Now, let’s discuss the top 30 best climate tech VCs for your startup in 2024.

1. Prelude Ventures

Location: San Francisco, California, USA

Founded Year: 2013

Stage: Early to Growth Stage

Popular Portfolio Companies: QuantumScape, Commonwealth Fusion Systems, Lilac Solutions

Prelude Ventures is a firm that specializes in venture capital investments, focusing on supporting companies that are innovating in the areas of climate change and sustainability. The firm supports startups working on solutions in clean energy, advanced materials, agriculture, and water technologies.

Prelude Ventures is committed to supporting companies that have the potential to make a significant impact on reducing greenhouse gas emissions and improving resource efficiency, thereby facilitating the transition towards a low-carbon economy.

Prelude Ventures

Prelude Ventures

2. Lowercarbon Capital

Location: New York, USA

Stage: Seed, Series A, Pre-Seed

Popular Portfolio Companies: Heart Aerospace, Isometric, CarbonChain

Lowercarbon Capital is a venture capital firm that funds research and invests in technologies aimed at reducing CO2 in the atmosphere. Based in New York, the firm focuses on early-stage investments, particularly in seed, series A, and pre-seed rounds.

This company is committed to assisting emerging businesses that are working on inventive solutions to combat climate change and advance a sustainable future.

Lowercarbon Capital

Lowercarbon Capital

3. Atomico

Location: London, UK

Founded Year: 2006

Stage: Seed, Series A, Series B, Series C, Series D, Series E, Pre-Seed

Popular Portfolio Companies: Robin AI, Corti, Framer

Atomico is an international investment firm based in London, founded in 2006 by Skype co-founder Niklas Zennström. The firm focuses on helping disruptive technology companies scale globally, with investments across various stages, from seed to series E and pre-seed.

Atomico is committed to supporting startups that have the potential to drive significant technological advancements and positive societal impact.

Atomico

Atomico

4. Renewal Funds

Location: Vancouver, British Columbia, Canada

Founded Year: 2008

Fund Size: Early-Stage, Growth Stage

Stage: Seed, Series A, Series B, Series D, Debt Financing, Pre-Seed

Popular Portfolio Companies: Alter Eco, Opus One Solutions, Sensible Organics

Renewal Funds is a mission-driven venture capital firm based in Vancouver, Canada, that specializes in early-stage investments in companies focused on environmental sustainability and social responsibility.

The firm’s investment strategy centers around organic and natural food, green products, and environmental innovation.

Renewal Funds is dedicated to helping mission-driven entrepreneurs scale their impact, offering not only financial support but also strategic guidance and access to a network of like-minded investors and entrepreneurs.

Renewal Funds

Renewal Funds

5. Pale Blue Dot

Location: Malmö, Sweden

Founded Year: 2020

Stage: Seed, Series A, Pre-Seed

Popular Portfolio Companies: Monta, Overstory, Green-Got

Pale Blue Dot is a seed-stage climate tech venture fund founded in Malmö, Sweden, in 2020. The fund invests in companies that reduce or reverse the effects of climate change, focusing on seed, series A, and pre-seed stages.

Pale Blue Dot’s mission is to support startups that are working towards a more sustainable and environmentally friendly future.

Pale Blue Dot

Pale Blue Dot

6. Energy Impact Partners

Location: New York, New York, USA

Founded Year: 2015

Fund Size: Over $3 billion in assets under management

Stage: Various stages

Popular Portfolio Companies: Scythe, Dragonfly Energy, Oort

Energy Impact Partners (EIP, based in New York) specializes in venture capital investments aimed at expediting the shift towards a sustainable energy future. Founded in 2015, EIP has quickly become a trailblazer in climate technology investments.

EIP’s mission is to unite incumbent utilities and innovative startups to scale sustainable solutions for a net-zero carbon future.

 Energy Impact Partners

Energy Impact Partners

7. Breakthrough Energy Ventures

Location: Kirkland, Washington, USA

Founded Year: 2015

Stage: Various stages

Popular Portfolio Companies: Viridos, Stratus Materials, Unearthly Materials

Breakthrough Energy Ventures (BEV) is a venture capital fund established by Bill Gates and a group of influential entrepreneurs and business leaders.

The fund’s mission is to support cutting-edge companies that will lead to a net-zero carbon future. BEV invests across various sectors, including energy, agriculture, manufacturing, and transportation.

They aim to support cutting-edge ideas that could effectively minimize the release of greenhouse gases into the environment.

Breakthrough Energy’

Breakthrough Energy Ventures

8. Elemental Excelerator

Location: Honolulu, Hawaii, USA

Founded Year: 2009

Stage: Early-Stage Venture

Popular Portfolio Companies: Nitricity, Community Energy Labs

Elemental Excelerator is a nonprofit organization dedicated to scaling climate solutions and fostering social impact.

Based in Honolulu, Hawaii, the organization supports growth-stage companies developing innovative climate technologies. Elemental Excelerator has funded over 150 firms and aims to deploy 100 transformational climate technology projects within the next five years.

Their approach emphasizes equity and access as keys to addressing climate change.

Elemental Excelerator

Elemental Excelerator

9. ETF Partners

Location: London, United Kingdom

Founded Year: 2005

Stage: Early-Stage Venture, Late-Stage Venture, Venture

Popular Portfolio Companies: Net Purpose, Modern Milkman

ETF Partners is a venture capital firm focused on sustainable innovation, investing in environmental technology companies for over 19 years. The company’s objective is to invest in businesses that are driving towards a greener future and positively impacting the environment.

ETF Partners has seen significant growth in its portfolio, with new partnerships, funding rounds, and impact reports. Their commitment to combating climate change and fostering a sustainable world is unwavering.

ETF Partners

ETF Partners

10. Clean Energy Ventures

Location: Boston, Massachusetts, USA

Founded Year: 2005

Stage: Early-Stage Venture

Popular Portfolio Companies: SparkMeter, Boston Materials, ClearFlame

Clean Energy Ventures is a venture capital company that focuses on supporting climate technology startups that are dedicated to fighting global climate change. The company’s goal is to invest in businesses that can reduce carbon emissions by at least 2.5 gigatons by 2050.

Clean Energy Ventures provides more than just funding; they offer mentorship, talent acquisition assistance, and strategic marketing guidance.

Clean Energy Ventures

Clean Energy Ventures

11. Energy Foundry

Location: Chicago, Illinois, USA

Founded Year: 2012

Stage: Early-Stage Venture, Seed

Popular Portfolio Companies: Sistine Solar, Volexion

Energy Foundry is a venture capital firm that invests in promising early-stage startups in the energy and cleantech industry. They provide funding, strategic relationships, and tools that businesses need to grow and thrive.

With a unique approach that combines financial backing with valuable partnerships, Energy Foundry is dedicated to transforming innovative ideas into real-world businesses that can disrupt the energy and cleantech landscape.

Energy Foundry

Energy Foundry

12. Powerhouse Ventures

Location: Oakland, California, USA

Founded Year: 2013

Stage: Early-Stage Venture, Seed

Popular Portfolio Companies: Tyba, Carbon Collective, Zeti

Powerhouse Ventures is a venture capital firm focused on supporting innovative climate tech startups that are dedicated to decarbonization.

With a strong network of over 100 investors, including trailblazing women, Powerhouse Ventures significantly impacts the fight against climate change.

Their portfolio companies are tackling diverse sectors, from building efficiency and energy storage to transportation and grid optimization.

Powerhouse Ventures

Powerhouse Ventures

13. OGCI Climate

Location: London, United Kingdom

Founded Year: 2014

Stage: Early-Stage Venture, Late-Stage Venture

Popular Portfolio Companies: Qnergy, Aeroseal, Boston Metal, SeekOps

OGCI Climate is a venture investing organization that focuses on supporting the development and acceleration of innovative technologies to address climate change.

OGCI Climate invests in startups that are dedicated to finding innovative solutions to combat climate change and promote sustainable energy for a better future on a global scale.

They have invested in multiple sectors, including renewable energy, energy efficiency, and carbon capture and storage.

OGCI Climate

OGCI Climate

14. Baruch Future Ventures

Location: San Francisco, California, USA

Founded Year: 2011

Stage: Early Stage Venture, Private Equity, Seed, Venture

Popular Portfolio Companies: Aeroseal, Alta Technologies, BiomX, Biota Technology

Baruch Future Ventures is a venture capital firm that works with entrepreneurs to shorten the time and reduce the cost of commercializing resource technology innovations.

It is known for its commitment to supporting startups that are driving sustainability and technological advancements.

Baruch Future Ventures

Baruch Future Ventures

15. Blue Bear Capital

Location: Los Angeles, California, USA

Founded Year: 2016

Stage: Various stages

Popular Portfolio Companies: Omnidian, Mission Secure, Shoreline, FreeWire Technologies

Blue Bear Capital is a firm that specializes in venture capital investments for technology companies with a focus on the energy, infrastructure, and climate sectors.

The company utilizes its extensive knowledge of the industry to assist new businesses that are developing creative strategies to address the challenges of climate change and foster sustainable practices for the future.

Blue Bear Capital

16. Braemar Energy Ventures

Location: New York, New York, USA

Founded Year: 2002

Stage: Various stages

Popular Portfolio Companies: CarbonFree Chemicals, GetAround, LO 3 Energy, A123 Systems

Braemar Energy Ventures specializes in investing in technology and communication ventures related to the energy sector. The firm invests in innovative companies that are driving the transition to a more sustainable and efficient energy future.

Braemar Energy Ventures is known for its strategic approach to investing in the energy sector.

Braemar Energy Ventures

17. Sequoia Capital

Location: Menlo Park, California, USA

Founded Year: 1972

Stage: Various stages

Popular Portfolio Companies: Apple, Google, Airbnb, Stripe

Since 1972, Sequoia Capital has been supporting ambitious entrepreneurs in building iconic companies; over the years, they have consistently made successful investments, which is evident from their track record. Sequoia Capital has helped a number of iconic companies grow from idea to IPO and beyond.

Sequoia Capital

Sequoia Capital

18. SOSV

Location: Princeton, New Jersey, USA

Founded Year: 1995

Stage: Early-Stage Venture, Seed

Popular Portfolio Companies: Novoloop, Upside Foods, NotCo

SOSV is a venture capital firm with a global presence, which primarily invests in deep technology startups that are working towards enhancing the well-being of humans and the planet. The firm offers programs to assist founders in developing breakthrough technologies and cultivates a diverse range of startups.

SOSV has made a substantial impact on its portfolio companies, with over $200 million in follow-on funding in 2022. Through its programs and funds, SOSV transforms scientists into entrepreneurs driven to save lives and protect our planet.

SOSV

SOSV

19. Congruent Ventures

Location: San Francisco, California, USA

Founded Year: 2017

Stage: Early-Stage

Popular Portfolio Companies: AMP Robotics, Omnidian, Leap

Congruent Ventures provides funding to startups in the sustainability sector during their early stages. The firm invests in startups that are addressing critical challenges in areas such as energy, transportation, agriculture, and the circular economy.

Congruent Ventures seeks to expedite the shift towards a sustainable future by supporting pioneering solutions that have the potential to expand and create a favorable impact on the environment.

Congruent Ventures

Congruent Ventures

20. Cyclotron Road

Location: Berkeley, California, USA

Founded Year: 2014

Stage: Early-Stage

The fellowship program known as Cyclotron Road provides support to exceptional entrepreneurial scientists in their efforts to drive forward technology projects that could have a significant impact on a global scale.

Based at Lawrence Berkeley National Laboratory, Cyclotron Road provides funding, mentorship, and access to world-class research facilities to help scientists turn their ideas into marketable products.

The program focuses on hard science innovations that can address pressing global challenges, including climate change and energy sustainability.

Cyclotron Road

Cyclotron Road

21. DeltaClimeVT

Location: Montpelier, Vermont, USA

Founded Year: 2017

Stage: Accelerator for startups and seed-stage entrepreneurs

Popular Portfolio Companies: ProsumerGrid, Enersion, M2 Thermal Solutions, ThermoAI

DeltaClimeVT is a business accelerator that supports startup and seed-stage entrepreneurs in the agriculture, food systems, forest products, waste management, renewable energy, and environmental technology sectors.

The program aims to assist companies in expanding their operations while also contributing positively to the economy and the environment.DeltaClimeVT provides participants with access to mentorship, networking opportunities, and resources to help them succeed.

DeltaClimeVT

DeltaClimeVT

22. Evergreen Climate Innovations

Location: Chicago, Illinois, USA

Founded Year: 2010

Stage: Early-Stage

Popular Portfolio Companies: 75F, AMS, Azumo

Evergreen Climate Innovations is a nonprofit that provides assistance to startups in their early stages, focusing on developing solutions for clean energy, environmental sustainability, and decarbonization.

Startups can benefit from the resources the trust provides, including funding, mentorship, and access to an industry expert network, which can help them thrive and succeed. Evergreen Climate Innovations aims to expedite the growth and acceptance of clean energy technologies in the Midwest and other areas beyond.

Evergreen Climate Innovations

Evergreen Climate Innovations

23. Chrysalix Venture Capital

Location: Vancouver, British Columbia, Canada

Founded Year: 2001

Stage: Early-Stage

Popular Portfolio Companies: Axine Water Technologies, MineSense Technologies, GaN Systems

Chrysalix Venture Capital is a venture capital firm that invests in industrial innovation, focusing on technologies that drive sustainability and resource efficiency.

The firm supports startups that are developing solutions in areas such as energy, materials, and resource productivity. Chrysalix Venture Capital aims to bridge the gap between innovative technologies and the industries that can benefit from them, fostering a more sustainable future. 

Chrysalix Venture Capital

Chrysalix Venture Capital

24. Contrarian Ventures

Location: Vilnius, Lithuania

Founded Year: 2017

Stage: Early-Stage

Popular Portfolio Companies: Fusebox, Hepta Airborne, Atlant 3D Nanosystems

Contrarian Ventures is a venture capital firm focusing on investments in energy, mobility, and climate tech startups. The firm supports innovative companies that are addressing the challenges of the energy transition and working towards a more sustainable future.

Contrarian Ventures is dedicated to backing entrepreneurs who are taking a contrarian approach to solving some of the world’s most pressing problems.

Contrarian Ventures

Contrarian Ventures

25. Earthshot Ventures

Location: San Francisco, California, USA

Founded Year: 2021

Stage: Early-Stage

Popular Portfolio Companies: [Information not available]

Earthshot Ventures provides support to entrepreneurs who are working towards addressing the issue of climate change. This venture capital firm invests in startups that are developing innovative solutions aimed at reducing greenhouse gas emissions and promoting sustainability.

Earthshot Ventures aims to accelerate the growth of companies that have the potential to make a significant impact on the environment. The firm is part of the broader Earthshot network, including the Elemental Excelerator and other climate and environmental solutions initiatives.

Earthshot Ventures

Earthshot Ventures

26. Energize Capital

Location: Chicago, Illinois, USA

Founded Year: 2016

Stage: Early to Growth Stage

Popular Portfolio Companies: DroneDeploy, Volta Charging, Aurora Solar

Energize Capital is a digital innovation-focused venture capital firm that invests in startups driving the digital transformation of energy and sustainable industries.

The firm targets early to growth-stage companies in cybersecurity, mobility, data analytics, operational efficiency, and renewable energy sectors. Energize Ventures aims to empower the next wave of technology solutions that make energy and sustainable industries more affordable, reliable, and secure.

Energize Ventures

Energize Capital

27. Generation Investment Management

Location: London, United Kingdom; San Francisco, California, USA

Founded Year: 2004

Stage: Various Stages

Popular Portfolio Companies: Ocado, Toast, Sophia Genetics

Al Gore and David Blood co-founded Generation Investment Management, which focuses on long-term investing, integrated sustainability research, and client alignment.

It is dedicated to investment management services considering sustainability factors across public and private markets. The firm believes that sustainable investing is the bedrock of a strong investment strategy; its goal is to achieve exceptional investment results through a steadfast commitment to a long-term approach. We also place great emphasis on incorporating sustainability research into our rigorous framework of traditional financial analysis.

Generation Investment Management

Generation Investment Management

28. Greensoil Proptech Ventures

Location: Toronto, Ontario, Canada

Founded Year: 2014

Stage: Early to Growth Stage

Popular Portfolio Companies: CarbonCure, Fifth Wall, Measurabl

Greensoil Proptech Ventures invests in companies transforming the built environment, contributing to sustainability and climate resilience.

Focusing on Proptech Innovations, the firm supports startups that improve the performance, efficiency, and sustainability of real estate, aiming to reduce the carbon footprint of buildings and enhance the built environment. Greensoil Proptech Ventures is on a mission to revolutionize the real estate sector through technology, contributing significantly to environmental sustainability. Learn more at Greensoil Proptech Ventures.

Greensoil Proptech Ventures

Greensoil Proptech Ventures

29. Greentown Labs

Location: Somerville, Massachusetts, USA

Founded Year: 2011

Stage: Incubator

Popular Portfolio Companies: Accio Energy, Altaeros, Ambri

Greentown Labs is North America’s largest cleantech startup incubator, providing entrepreneurs with the resources, connections, and equipment necessary to develop their ventures.

Focused on cleantech and sustainable technology startups, Greentown Labs offers office space, lab space, and a vibrant community for startups looking to solve the world’s biggest environmental challenges.

 Greentown Labs

Greentown Labs

30. Radicle Impact

Location: San Francisco, California, USA

Founded Year: 2013

Stage: Early-Stage

Popular Portfolio Companies: Beneficial State Bank, SunFunder, Mosaic

Radicle Impact is a venture capital firm that focuses on supporting companies addressing social and environmental challenges. With a commitment to radical change for the betterment of society and the planet, Radicle Impact invests in clean energy, sustainable agriculture, financial inclusion, and health sectors.

The firm aims to generate financial returns and meaningful societal impact, supporting entrepreneurs and businesses contributing to a more equitable and sustainable world.

Radicle Impact

Radicle Impact

Final Words

So, these are some of the best climate tech VCs you can consider for your startup in 2024. Each of these firms brings a unique approach to investing, with a shared focus on supporting innovative solutions to combat climate change.

Whether you’re developing clean energy technologies, sustainable agriculture systems, or other environmentally friendly innovations, these VCs can provide the funding, resources, and expertise you need to grow your business and positively impact the planet.

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