📣 Introducing Dealroom's new Impact Tech Specialist, Camilla Falanesca! Camilla will be covering our impact vertical and leading related newsletter, reports, and blogs.
Impact Q3 2022 Update 🚨
Investors are convinced that the climate tech boom is recession-proof. It's no secret that with rising consumer demand for eco-friendly business practices, and tech investors redirecting their attention to climate-related sectors, Impact has made great gains in recent years.
We saw this in 2021 with records set in terms of investment and overall value, but 2022 has been a different story. There's been a decrease in investment and value YoY has gone down. Rather than seeing this as specific to sector, we can see this as more of a result of the heightened market volatility and the general VC pullback we are witnessing at the moment across the global market. And although figures haven't hit the highs set by 2021, they're still positive.
In our latest Impact Q3 2022 Update, we provide the latest insights on the state of the impact sector.
Key findings from Q3 2022:
Combined enterprise value decreased by 20% from 2021.
$12B venture capital invested in impact startups during Q3 2022, down 40%compared to last year’s Q3.
Affordable and Clean Energy is the most funded SDG in Q3 2022.
4 new impact unicorns were created in this quarter.
European companies have attracted 27% less investments compared to last quarter.
For a more in-depth guide on impact investments in Q3 2022, access the full report by clicking the button below. 👇
🇺🇸 Ascend Elements, an American company recycling lithium-ion batteries raised $200m in Series C funding plus 100$ debt.
🇺🇸 Jetti Resources, a copper extracting company using low-grade primary sulphides raised $100m in Series D funding round.
🇳🇱 Ostara Nutrient Recovery Technologies, a company removing polluting nutrients from waste water raised $70 million in a Series C funding round, with plans to use the capital to finish construction on a new facility
Other promising impact deals:
🇸🇪 H2 Green Steel secured support for the €3.5bn in debt financing to build a hydrogen-powered steel plant in northern Sweden.
🇫🇷 Gourmey, a Parisian cultivated meat startup has raised €48m in new funding — the world’s largest Series A round for a company in the sector.
🇸🇪 Paebbl, a Swedish carbon storage startup raised €8m for its seed round.
"Impact startups will stay small and not create a significant number of jobs,” “Impact is a nice-to-have, but not a growth driver,” and other myths are debunked in this report on the State of Nordic Impact Startups, published in cooperation with Danske Growth.
This is Dealroom's weekly impact newsletter. Get more industry-specific intelligence on the evolving world of impact, expert insights on purpose-driven startups, responsible tech, ethical investment, and more. Delivered on Tuesdays.
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