The American climate tech funding vehicle recently closed its third fund at more than $839mn.
BEV also closed a smaller, but still significant,$555m fund in January.
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This year, Swedens Norrsken raised $346mn and Berlin-based World Fundclosed its first fundat $325mn.
Total private investment in climate tech, however, is much higher.
In 2023, VCs globally invested just over $50bn in climate tech startups, according toDealroom data.
Promisingly, 2023 saw Europe surpass the US for climate tech VC funding.
As the globe pushes to decarbonise, climate tech has remained remarkablyresilientdespite an overall downturn in tech investment.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
