Germany leads the way in green start-ups
According to a new study, almost a quarter of all climate tech start-ups in Europe come from Germany. The topic is also becoming increasingly interesting for investors.
More and more founders and investors are interested in tech start-ups that contribute to solving the climate crisis. At least that's what a recent market analysis by venture capitalists Speedinvest and Creandum shows.
To do this, the two firms analyzed data from more than 1,100 startups in Europe that are using their technology to solve the climate crisis. "This decade will be crucial for the future of our planet. Humanity has ambitious goals to achieve to stop climate change. At Creandum and Speedinvest, we believe technology will play a big role, and we see Europe as a pioneer in climate tech innovation," writes Ines Streimelweger of Creandum in a recent blog post.
For their evaluation, the two capital providers used categories defined by the European Union's Green Deal as a guide. The analysis shows: 24 percent of the climate tech start-ups come from Germany. The UK is in second place with 15 percent, followed by France with nine percent. The majority of green start-ups are in the energy sector and in the area of smart mobility. This also applies to the level of investment. Between 2006 and 2021, start-ups in the energy sector were able to raise the most venture capital, with five billion US dollars. Start-ups in the smart mobility sector enjoyed US$3.7 billion over the same period.
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