March 9, 2021

In numbers: Germany dominates European climate tech

What do Europe's 800 climate tech startups do, where are they based and who's raised the most?

An Infarm vertical farm uses high tech LEDs as an alternative light source to grow crops. Credit:

European climate tech is on the rise. VC investment into the area is increasing and there are more and more companies around the continent working on sustainable solutions to the climate crisis: from carbon capture to electric bikes, and from plant-based nutrition to clean energy storage.

There are now over 800 climate tech companies in Europe, according to a new dataset gathered by VC firms Speedinvest and Creandum.

But what are they focusing on? Where are they based? And how much money have they raised?

Location, location, location

Germany is home to the most climate tech startups — it has 252, including big names like Lilium, which makes electric-powered air vehicles, and vertical farming company Infarm, who raised $170m at the end of last year and a further $100m this week.


The UK and France are also home to a lot of the continent's climate tech — with 103 and 96 companies respectively.

Which startups have raised the most?

Which sector has attracted most funding?

Where are clusters forming?