Climate investors
Climate investors back companies that reduce emissions, adapt to a changing climate, or rebuild industrial systems around cleaner inputs. The sector runs from software that measures carbon to plants that make steel, and the capital each needs is very different.
The firms on this list name climate or sustainability as a focus on their own website. Some are dedicated climate funds and many are generalist firms with a climate practice. Each cites its own site as the source for what is written here.
HBAN is an all-island umbrella group responsible for the development of business angel syndicates. HBAN actively works to increase the number of angel investors involved in investing…
Midlothian Angel Network is a financial services organization based in Texas that operates an angel investment network. It connects investors with early-stage companies, focusing on…
Founded in 2022 by Timur Daudpota and Sun Choi, 2080 Ventures operates as a hybrid venture accelerator and early-stage VC firm. The firm focuses on bridging emerging markets (Asia…
6 Degrees Capital is a venture capital firm that invests in startups from Seed to Series B stages across fintech, enterprise software, and artificial intelligence. The firm is…
Cosmic Cat Group is a specialized "strategy boutique" and venture builder founded by Thomas Daiber, the former CEO of Hubject. The firm operates at the intersection of mobility…
Paul Wurth InCub is devoted to develop successful entrepreneurs in the Industrial Technologies sector, by providing Paul Wurth’s international expertise and exploring new market…
PKA is a Danish pension company that manages and invests pension savings on behalf of its members. It positions itself as the pension provider for employees and their colleagues…
Solera makes private equity investments in emerging growth companies in industries with compelling long-term prospects. Solera is a forward-looking, modern firm that values creative…
AECID is a public law entity attached to the Ministry of Foreign Affairs, European Union and Cooperation of Spain, serving as the cornerstone of the Spanish Cooperation system.…
Founded in 1939, Stena AB is a global conglomerate with deep roots in shipping, ferry lines, offshore drilling, and real estate. It is part of the "Stena Sphere," wholly owned by the…
Türkiye İş Bankası is a major Turkish bank providing personal banking services. It offers a wide range of financial products to retail customers and is recognized as a leading brand…
Upfront Ventures is proud to be an early investor and long-term partner to the most exciting founders and startups. Founded in 1996 in Los Angeles with investing professionals based…
WTW is a leading global advisory, broking, and solutions company. Its dedicated Investments business operates as an Outsourced Chief Investment Officer (OCIO) and asset manager…
Founded in 1999, Volney Développement operates as an evergreen captive investment fund for the Crédit Mutuel banking group. The firm is strictly focused on the Grand Ouest region of…
Founded in 2020 by former Rocket Internet executives Alexander Kudlich and Ludwig Ensthaler, alongside Mesosphere founder Florian Leibert, 468 Capital bridges the European and US tech…
Aalto University is all about cross-disciplinary projects and learning in practice. Students are encouraged and supported to excel both in their studies and their future careers. Many…
Launched in July 2022 by A&G, a leading independent financial services group in Spain, the A&G Energy Transition Tech Fund (A&G ETTF) is a specialized venture capital vehicle.…
Agoranov is a public Science & Tech incubator that provides mentorship, office space, funding, and consultancy services to startups. The company is based in Paris. Agoranov has…
Founded in 1997 by Bruce Grant and the late Jan Stenbeck, Applied Value Group functions as both a boutique management consultancy and an investment house. In August 2025, the firm…
The Adaptation SME Accelerator Project (ASAP) was a public initiative led by private equity firm The Lightsmith Group, supported by the Global Environment Facility (GEF), Conservation…
Aude Ventures is the private investment arm of Thomas Annicq, an MIT Sloan alumnus, former Bain consultant, and serial entrepreneur (Thasos Group, Quantified Labs, Oneshot.earth). The…
Originally rooted in earlier Baldwin County incubation efforts in Robertsdale, Hatch Fairhope was officially launched in 2020 as a convergence point for tech, biotech, and creative…
Founded in 2003, BANSON e.V. is an established, volunteer-led business angel network dedicated to fostering the startup ecosystem in Lower Saxony, Germany. The organization bridges…
What climate investors look for
A product someone buys without a subsidy.
Policy helps and policy changes. Investors look for a customer who pays because the product is cheaper, better or required, and treat incentives as upside.
Impact that can be measured.
Tonnes avoided, energy saved, materials replaced. Climate funds report on it to their own investors, and a company that measures its effect credibly is easier to fund.
A path through capital intensity.
Many climate companies eventually need project finance, debt or infrastructure capital. Investors want to see that the founders know which kind of money funds which stage, and that venture equity is the right money for this one.
Technical credibility.
Where the product is a physical process, investors bring engineers. The science should be published, piloted or demonstrated at a scale that matters.
A route to first commercial scale.
The step from pilot to first plant or first fleet is where climate companies most often stall. A plan for that step, with its cost and its customer, is central to the pitch.
Raising in climate
Climate rounds split by capital need. Software and services companies raise like any other. Companies building physical things face longer diligence, larger rounds and a mix of investors that includes strategic and infrastructure capital alongside venture.
Have ready: the technical evidence with its scale stated, the cost curve and where the product sits on it today, the customer and the reason they buy now, the policy exposure in each target market, and the capital plan through first commercial deployment.
Corporate and strategic investors are more active in climate than in most sectors. They bring offtake and distribution and they move slowly. Founders often run them in parallel with financial investors rather than waiting for them.
Questions
Is climate tech only hardware?
No. Software for measurement, reporting, grid management and trading is a large part of the sector. Many of the firms on this list back both.
How do climate investors think about policy risk?
They model it and prefer not to depend on it. A product that works in a market without subsidies is valued more than one whose economics need them.
What is first-of-a-kind risk?
The risk in building the first commercial plant or system of a new design. Venture investors often stop at the pilot, and specialist capital picks up from there. Founders should know which investors fund which step.
Do generalist funds invest in climate?
Many do, especially in software and in companies with a clear commercial customer. The list on this page includes firms that state climate as a focus, whether dedicated or generalist.
How do investors measure impact?
By the emissions the product avoids or removes per unit sold, and the total at scale. Funds use standard frameworks and expect companies to report against one.
Climate investors by city
Climate investors by stage