FCF Fox Corporate Finance GmbH is pleased to publish the “CleanTech Venture Capital Report – 2021”.
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:- CleanTech is a booming sector within venture capital: Investments in CleanTech start-ups have increased fivefold from c. €1bn in 2010 to c. €5bn in 2020 and the average investment amount per financing round almost doubled from c. €10m to €18m.
- UK is the leading country for CleanTech investments by deal count: With 267 VC financing rounds since 2016, UK has a comfortable head start, followed by Germany with 197 and France with 182 transactions. Volume-wise, Sweden stood out with €2bn, followed by UK with €1bn and Germany with €0.8bn total deal volume between 2016-20.
- E-Mobility dominated the sector by deal volume: With several large transactions, two Swedish unicorns, Northvolt and National Electric Vehicle Sweden, were established. E-Mobility in Germany is dominated by the OEMs, despite some larger start-up financing rounds as Sono Motors.
- EU-sponsored CleanTech accelerators are the most active: EIT Climate-KIC and EIT InnoEnergy are leading the ranking with 39 and 20 VC funding rounds, respectively.
- NASDAQ OMX Stockholm was the dominant IPO platform: Driven by many Swedish/Nordic transactions, the Swedish exchange was the platform with most IPOs between 2016 and 2020
To access the full report, please click here.