FCF CleanTech VC Report - FCF Fox Corporate Finance GmbH

FCF
CleanTech Venture Capital Report

The ‘FCF DeepTech Series’ is a quarterly series of reports tracking European venture capital funding trends within four main DeepTech verticals. We highlight deal counts, volumes, investor interests, subsector trends, geographic hotspots, IPO activity as well as M&A / trade sale activity. Each quarter one of the four verticals – CleanTech, Advanced Manufacturing, Industrial Internet of Things (IIoT) and Robotics – is examined individually.

Each report is a quick reference for investors, corporates and professionals for the funding trends within the respective vertical.

FCF CLEANTECH VENTURE CAPITAL REPORT

This edition of the inaugural ‘FCF DeepTech Series’ focuses on VC funding developments within the European CleanTech vertical. The European CleanTech vertical has been split into six main subsectors:

Alternative Fuels & Materials
E-Mobility
Energy Efficiency
Energy Generation
Energy Storage
Recycling, Waste & Environment

Key Findings:

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.

DEEPTECH RESEARCH SERIES

The “FCF DeepTech Series” is a quarterly series of reports tracking European venture capital funding trends within four main DeepTech verticals. We highlight deal counts, volumes, investor interests, subsector trends, geographic hotspots, IPO activity as well as M&A / trade sale activity.
Each quarter one of the four verticals – Cleantech, Advanced Manufacturing, Industrial Internet of Things (IIoT) and Robotics – is examined individually.

Each report is a quick reference for investors, corporates and professionals for the funding trends within the respective vertical.