Analysis

July 13, 2023

Is the party over for 'recession-proof' climate tech?

Venture funding for European climate tech companies dropped 43% in the first half of 2023


Freya Pratty

4 min read

Lexie Yu / Midjourney

Amid economic uncertainty and rising interest rates, climate tech offered a glimmer of hope for embattled tech investors. In 2022, while the wider tech sector saw a 18% funding drop on 2021, climate tech enjoyed a record year. That led to many declaring the sector "recession-proof".

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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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