Carbon-Tech Draws Record Venture Funding as Investors Hunt for Impact
- Investments in carbon startups hit $1.4 billion in Q2
- Demand for carbon-tech comes despite broader market decline
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Carbon and climate startups have attracted record investments at a time when other industries are struggling to tap funds from venture capitalists.
Buoyed by corporate and government pledges to cut greenhouse gas emissions, a record $1.4 billion poured into climate and carbon-focused startups in the second quarter of this year. That’s in stark contrast to the broader market for venture funding, which faces its largest quarterly percentage drop in nearly a decade, according to CB Insights.