More than 50 European VCs and startups have joined forces to launch Climate Brick, a new community designed to accelerate investments in green technology.
Climate Brick launched today with what its founders claim is one of the most comprehensive climate technology studies ever undertaken.Report with interviews 100 climate experts and 3,000 companies provide a roadmap for climate tech startups looking to scale.
“We really needed a common vocabulary and strategy for climate change technology, and Climate Brick’s We got that by showing up.”
Contrarian launched Climate Brick in collaboration with Swedish VC firm EQT Ventures. The community includes HSBC, 2150, Norsken, Einride, north boltMarvel Fusion, Genomin, and more.
Climate Brick’s report identifies seven major company profiles in the climate technology space. Each (called a brick) has a unique risk profile, recommended capital stack, and roadmap for scaling your business.
These companies include “moonshot” companies such as: quantum technologyand “gigascale” companies like those that make batteries.
Investing in climate change technology
Sandra Malmberg, partner at EQT Ventures and co-founder of the initiative, explained that “working to scale climate change technology is unconventional compared to traditional venture capital investments.” She said: “Capex can be intensive, they are influenced by regulatory developments and there is a complex stakeholder map.”
Climate change is perhaps the greatest challenge of our time, and technology is essential to solving it. But to succeed, the world will need to mobilize capital at an unprecedented pace and scale. Climate change technology also requires investors to prioritize long-term growth over short-term profits.
McKinsey Estimate That humanity must at least invest EURTo reach our net-zero goal, we will invest $270 trillion in climate technology by 2050. This will require an unprecedented level of globally coordinated effort. I need a blueprint.
“Climate Brick is the missing manual to unite communities, enable better steering and goal-setting, improve capital allocation, and make stakeholder engagement more efficient, thereby enabling large-scale “We can create a positive impact,” Malmberg said.
Climate Brick is clearly ambitious in its scope, but it couldn’t have launched at a better time.
European climate change technology startups raised more than $20 billion last year. second highest On record. This represents 43% of the global climate technology venture capital funding recorded in the same year, and is a major milestone considering 2023. one of history biggest recession With VC funding.
Climate Brick is looking to capitalize on this momentum. “It’s both community.” We can bring stakeholders together to learn from the best and learn a blueprint for how to scale climate change technology companies quickly and at scale,” Peciulaitis explained. “All we have to do is put it into action.”
