2023-05-23-PitchBook-2023年一季度碳排放技术报告（英）_12页_3mb

Carbon & Emissions Tech Q1 2023 Report Summary

Overview

This report provides a detailed analysis of the carbon and emissions technology sector through Q1 2023, focusing on venture capital trends, market landscape, key developments, and company highlights.

Key Market Trends

VC Activity

• Deals: Q1 2023 recorded 212 total deals, marking a slight decline quarter-over-quarter but remaining at the third-highest quarterly level.
• Deal Value: The total deal value reached $3.6 billion, maintaining an annualized growth rate despite short-term volatility.
• Growth Segments:
  • Carbon Tech: Driving the largest segment by deal value ($1.8 billion).
  • Built Environment: Recorded its second-highest deal value quarter.
• Debates: Land Use technology remains the smallest segment due to its narrow focus.

Impact Factors

• Policy Influence: The European Green Deal Industrial Plan and UK's response to the US Inflation Reduction Act (IRA) shaped migration trends in funding.
• Funding Challenges:
  • The collapse of Silicon Valley Bank created funding uncertainties for startups reliant on stable financial partners.

Investment Opportunities & Growth Areas

Emerging Tech Categories

• Green Construction
• Carbon Accounting & Measurement
• Building Energy Efficiency
• Sustainable Mining
• Recycling Technologies

Prominent Deals & Companies

Key Deal Summaries:

• Generate: $880.6M venture funding for sustainable infrastructure development.
• Peak Power: $200M late-stage funding for energy optimization software.
• Svante: $318M Series E for carbon capture technology (partially reported after Q1).

Notable Startups:

• Gropyus: Leading in modular green construction with Series B funding ($107M).
• Airex Energy: Focuses on sustainable energy initiatives, securing multiple rounds.
• Agreena: Integrated platform for carbon measurement and analytics, raising Series B ($49M).

Challenges & Context

• Late Q1 events like SVB collapse and policy gaps in subsidy value created headwinds for startups but also spurred further enterprise consolidation and migration trends in carbon tech across regions.

Bottom Line

The carbon & emissions tech sector remains buoyant, driven by strong demand from climate policy initiatives and market trends like energy efficiency and sustainable infrastructure. With record investments in green construction and recycling, the industry continues to attract venture capital despite macroeconomic headwinds and funding disruptions.