Early-stage funding and scaling up present a "valley of death" for climate innovation.

Quick Summary:

It's easier for climate companies to get enough funding to get started.

The game changes, though, when startups emerge from their youth, and it becomes especially challenging when the company’s products are made of atoms, not ones and zeros.“There’s still a lot of hesitancy to do hardware, hard tech, infrastructure,” Matt Rogers, co-founder of Nest and Mill, told TechCrunch.

Where decades ago venture capitalists used to tackle hardware challenges, today the majority tend to avoid them.“We have a capital stack in our economy that was built for digital innovation,” rather than hardware advances, said Saloni Multani, co-head of venture and growth at Galvanize Climate Solutions.

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Article Details

Author / Journalist: Tim De Chant

Category: Technology

Markets: United States

Topics: Fundraising Venture Fundraising Financing Scaling Climate tech vc Climate First of a kind

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-27 @ 15:00:12 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 2056 words

Reading Time: 12 minutes read

Sentences: 79 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 20803102

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