Technology Attorney | Managing Partner, Austin Office of Pillsbury Winthrop Shaw Pittman | Adjunct Professor, University of Texas School of Law
In conjunction with PitchBook we’ve released the Pillsbury Winthrop Shaw Pittman LLP 2023 Climatetech Year in Review report, which review key investment trends in the clean energy and climate technology industry. Click below to check it out! Highlights: ✅ 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. #climatetech #cleanenergy #energyinvestment
