Environmental & Natural Resources Partner | Austin Office of Pillsbury | Energy Transition Optimist | Climate & Clean Tech | Waste Management & Emerging Contaminants | Water Law | Land Use & Conservation
Pillsbury's annual Climatetech report is out! Here are some takeaways: ✅ Global climatetech investment exceeded $25 billion for the third year in a row in 2023. ✅ Although buyouts still represent just a handful of climatetech exits, they have doubled in number since 2021, underscoring the growing interest from nontraditional players and shifting corporate strategies. ✅ A few large IPOs signal liquidity prospects may be rosier in climatetech than in other sectors. ✅ The manufacturing vertical, which showed resiliency amid the broader market challenges in 2022, remains a strong driver of sector activity. ✅ The oil and gas vertical grew 22.7%, boosted by expanding opportunities related to renewable fuels technologies. ✅ Median VC deal values and valuations remained steady or elevated at almost every maturity level, though venture growth stage deal size did decline. https://lnkd.in/exuxb4KB #climatetech #cleanenergy #energyinvestment