Thanks for expressing interest in the State of Climate Tech 25. This report highlights global funding trends in the private venture market by analyzing data from over 54k deals and activities, 20k organisations and 24k investors between the period 01/01/2021 and 31/10/2025.
📈 2025 Funding Trends
A data-driven look at where investment is flowing by capital stage, sector and Net Zero Insights proprietary taxonomy. Read about the emerging winners and losers as investors shift their focus from environmental objectives to energy independence and resilience.
🧱 Scaling Hard Tech
A global view of the Hard Tech pipeline from prototype to deployment, highlighting critical obstacles companies must overcome to reach profitability. See what TRL data reveals about which technologies are nearing commercial success and which face the Valley of Death.
🤖 AI as a Growth Enabler
AI is fast becoming the backbone of Climate Tech, accelerating investment in critical energy infrastructure and powering new AI-driven solutions. Explore how it’s directing capital toward data centers, batteries, and materials discovery, and the new frontiers taking shape.
💰 Capital Stack Breakdown: A breakdown of funding by financial instrument including equity, debt, and grants and venture stage.
🌎 Regional Analysis: A comparison of countries, continents, and innovation hotspots with an in-depth look at the two leading regions – the US and Europe.
🗺 The Climate Tech Taxonomy: Funding and deal performance is analysed by using Net Zero Insight’s Taxonomy framework which categorises technologies based on climate challenge areas, sectors, solutions, and enabling technologies