1、State of Climate TechGlobal|Q3 2024Global data and analysis on dealmaking,funding,and exits by private market climate tech companiesState of Climate Tech2 2Make smartertech decisions.Our platform will help you discover,understand,and manage your response to emerging tech.Make confident tech decision

2、s that drive growth,improve operations,and beat the competition with CB Insights.IIIITry our platform free!Sign up for a free trialState of Climate Tech3 3“Steal”our data.Download the underlying data in this report.If you create any analysis or visualizations with this data,send it our way and you c

3、ould be featured in the CBI newsletter.us on social LinkedIn X(Twitter)InstagramIIIIDownload the raw dataSign up for a free trialTLDR$4.8BGlobal climate tech funding at a 4-year low.Climate tech funding dropped to$4.8B in Q324,its lowest quarterly level since 2020.Global deal count fell to 461 deals

4、 down 27%quarter-over-quarter(QoQ)and reversing the rebound seen in Q224.See the data 4$6MMedian US deal size shows resilience in 2024.Despite the global funding slowdown,US median deal size comes in at$6M in 2024 YTD,up from$4.3M in 2023.European deals have similarly grown in size,with the median t

5、his year at$4.9M vs.$3.7M last year.See the data-54%Decline in M&A exits to 43 deals.Climate tech M&A deals dropped by more than 50%QoQ to reach just 43 deals the fewest in a quarter since Q320.This also represents one of the sharpest quarterly declines in M&A activity in recent years.See the data 3

6、New unicorns emerge in Q324.After 2 quarters without any new unicorns,the climate tech sector saw 3 companies reach$1B+valuations.These include US-based 24M Technologies(valued at$1.3B)and Altana AI($1B),as well as India-based Ather Energy($1.3B).See the data$275MTop deal goes to Indias Fourth Partn