companies in which sectors raised $119bn and $129.4bn respectively. Overall, climate tech represented 15.3% of all investment into tech startups and scaleups in 2021 ($111bn of $726.4bn raised in total). in deals of over $250mn, compared to just 10.5% in 2017. ❖ The US dwarfs other countries when it comes to climate tech raises - at over 4x investment raised by these pioneering firms than the UK, in second place. Notably, France and Germany have seen some of the highest increases in climate tech investment over recent years (Germany registering a 344% increase in investment from 2020-2021, for example) eclipsing Sweden, which was second only to the UK for climate investment in Europe in 2020. ❖ 2022 is set to be another year for the books, with investment currently at $73.86bn. The recent high levels of climate tech investment are, in part, being driven by large rounds ($185mn +) into later stage companies ❖ The rising tide of tech investment has not been the sole cause of spiking climate tech deals, climate tech investment as a proportion of all investment has increased from just over 3% in 2017 up to 16.88% in 2022 ❖ Globally there are 160 climate tech unicorns, companies valued at over $1bn, of which 6% are based in the UK