(Quartz) Investment poured into climate tech at record levels in 2021, riding an overall boom in tech investment brought on by high-dollar public offerings, economic recovery from the pandemic, and growing interest in tech startups by private equity firms and other funders.
In the first six months of 2021, climate tech attracted $60 billion in investment globally, nearly tripling the record set in the last six months of 2020, according to a Dec. 15 analysis by the consulting firm PwC. That sum, spread across more than 700 deals, amounts to 14% of total venture capital investment across all sectors in the period, up from just 6% in 2019. And the size of individual deals nearly quadrupled in the first half of 2021 from one year prior, from an average of $27 million to $96 million, more than 10 times the size of the average deal in the first half of 2013.
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