VC funding for climate tech went off a cliff in 2025. What happens next?
11 Dec 2025
12:05
VC funding for European climate tech plunged to a five-year low in 2025 – leaving scale-ups particularly exposed.
We spoke to some of the continent’s top impact investors to decode:
—> Why the VC wave has ebbed – and who’s left stranded
—> The gaps Europe must fix to scale climate tech
—> Fresh sources of capital shaking up the sector
—> The niches and funds that could make or break 2026
“Climate tech remains a massive, massive opportunity measured in the trillions,” says Kevin Bone, partner at Lightrock.
We spoke to some of the continent’s top impact investors to decode:
—> Why the VC wave has ebbed – and who’s left stranded
—> The gaps Europe must fix to scale climate tech
—> Fresh sources of capital shaking up the sector
—> The niches and funds that could make or break 2026
“Climate tech remains a massive, massive opportunity measured in the trillions,” says Kevin Bone, partner at Lightrock.