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CleanTech funding activity

3,494 disclosed rounds across 2,166 companies in the last three years. Below: how they split by stage, which investors appear most often, and where the totals come from.

Rounds per quarter
2023-Q32026-Q1

Peak 367 rounds in a quarter. Axis starts at zero.

The last three years

Computed from disclosed rounds. Figures update when the data does.

0
Rounds
0
Companies
0
Rounds with an amount
$265B
Disclosed total
$5M
Median round

Where the money enters

Stage distribution over the same three years. A sector weighted to Pre-Seed and Seed is being formed; one weighted to later rounds is consolidating.

Seed
1,43141%
Late Stage (Series C+)
99028%
Series A
70920%
Pre-Seed
2507%
Series B
1073%

Investors appearing most often

Ranked by number of rounds participated in, not by capital deployed — an accelerator writing 180 small cheques ranks above a fund writing four large ones, which is the right ranking when the question is who to approach.

  1. US Department of Energy58 rounds
  2. Breakthrough Energy Ventures23 rounds
  3. European Investment Bank20 rounds
  4. Bpifrance20 rounds
  5. Antler19 rounds
  6. EIT InnoEnergy17 rounds
  7. BNP Paribas17 rounds
  8. SOSV16 rounds

Largest disclosed raisers

By disclosed amount across the period. Companies whose rounds carried no public amount cannot appear here however large the raise was.

  1. Enel$21B
  2. NextDecade$8B
  3. StarPlus Energy$8B
  4. Veolia Environmental Solutions$7B
  5. Northvolt$6B
  6. PPC Renewables$5B
  7. Coalition for Green Capital$5B
  8. Atlas Renewable Energy$5B

How to read these numbers

A company usually carries several sector tags, so its rounds count towards each. Sector totals therefore sum to more than the total number of rounds, and two sectors here can describe the same round.

Only rounds with a publicly disclosed amount contribute to totals and medians. Roughly a quarter of rounds carry no amount, and those are counted in the round count but never modelled into a figure.

A sector appears only with at least 100 rounds in the last three years. Below that the quarterly shape is noise, and a chart of noise is worse than no chart.

Work the underlying rounds, not the summary

This page is a fixed slice. In the product the same rounds are filterable by stage, geography and investor activity, and every investor here opens to their full participation history.