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November 6, 2024

Axeleo Capital's new fund hopes to help solve climate tech’s FOAK problem

French VC Axeleo hopes its new fund will help get first-of-a-kind (FOAK) climate tech off the ground

Freya Pratty

3 min read

It’s known as the first-of-a-kind (FOAK) “valley of death” — when climate startups are developing a novel product, but don’t have enough cash to build a capital-intensive factory to produce it.

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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