FCF Fox Corporate Finance GmbH’s Post

FCF Fox Corporate Finance GmbH is delighted to publish the new “CleanTech Venture Capital Report – 2024”. The report is part of the “FCF DeepTech Series”, which is a quarterly series of reports tracking European venture capital funding trends within four main DeepTech verticals. Key findings are: - Venture investments in cleantech start-ups remains stable at high levels: Despite the difficult circumstances in the venture capital market, deal activity in the cleantech sector remained stable in 2023 at the level of the record year 2022: 1,035 transaction and €9.9bn investments in 2023 vs. 1,040 transactions and €10,2bn investments in 2022 - Sweden leads the ranking by deal volume: With a financing volume of €7.8bn in the period 2019-2023, Sweden is clearly ahead of the UK (€5.9bn) and France (€4.8bn). However, this is mainly due to Northvolt's 5 megadeals (totaling €5.9bn) – without Northvolt, Sweden would be ranked 4th behind Germany with €1.9bn - Trend towards mega deals and late-stage financings: With an average transaction volume of around €9.5m, 2023 figure is significantly higher than in previous years (2020: €3.6m; 2021: €6.6m). This is partly due to the successfully closed mega deals (Verkor: €1.5bn; Northvolt: €1.1bn; Conigital: €583m; HUMARA: €281m; Enpal: €215m; 1komma5: €215m) and partly due to the increase in late-stage financing (37% in 2023 vs. 26% in 2019) – both signs of greater maturity of technologies and start-ups in this sector - Almost no activity on the stock market in 2023: 2023 was again a difficult year for the IPO and SPAC market in the CleanTech Venture Capital sector with only 1 IPO (Osmosun) and 4 SPACs (Zapp Electric Vehicles, Next.e.GO Mobile, EnergyPathways, and H2B2 Electrolysis Technologies) To access the full report, please click: https://lnkd.in/gSYSKtPS #venturecapital #deeptech #cleantech #energytransition #greeneconomy #energystorage #energygeneration #recycling #emobility #VC #fcffoxcorporatefinance

FCF CleanTech Venture Capital Report – 2024 published - FCF Fox Corporate Finance GmbH

FCF CleanTech Venture Capital Report – 2024 published - FCF Fox Corporate Finance GmbH

https://www.fcf.de

Florian Theyermann

Managing Director at FCF Fox Corporate Finance GmbH

8mo

Super Insightful, great to see that cleantech stems the tide and had a good venture capital year in 2023

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