Impactalpha, March 31 — Climate tech is the fastest-growing sector in Europe. Of the $70.1 billion in funding deployed to global climate tech ventures last year, close to $18 billion went to Europe, according to the analytics firm HolonIQ. Climate tech ventures in Europe had raised only a half-billion dollars in 2017.
The European Commission last month set out its Green Deal Industrial Plan, an answer to the Biden administration’s industrial policy that is supercharging cleantech investment in the U.S.
This week, Copenhagen-based Agreena raised €46 million to help farmers in Europe transition to more regenerative practices and generate revenues from soil carbon credits. Separately, Finland’s Carbonaide secured €1.8 million to ramp up production of its carbon-negative concrete.
Climate software
Berlin-based Atlas Metricssecured €5.2 million ($5.6 million) to help European companies manage environmental, social and governance metrics in line with new reporting requirements… Also in Berlin, Ampere.cloudscored €5 million ($5.4 million) for software that helps renewable energy plant owners and operators manage their operations… London-based climate data provider Connect Earthclosed a $5.6 million seed round… Denmark-based Lun raised €10.3 million for software that helps heat-pump installers find customers and complete installations.
