Founders Alert: Climate Tech Funding Outlook For 2023

Despite the uncertain atmosphere with the collapse of Silicon Valley Bank and a drop in venture capital funding last year, the end of 2022 closed out another marquee year for state and private funding of climate technology and sustainability solutions. This progress signals continued growth and stability for the industry despite exogenous market conditions.¹ Climate tech private funding hit a high water mark, now consistently representing more than one in every four venture capital dollars invested, according to PwC's State of Climate Tech 2022. After Congress passed the historic Inflation Reduction Act and the CHIPS Act earlier in the year, the Biden Administration authorized a $1.7 trillion spending package. The package includes the Growing Climate Solutions Act — a new program facilitating farmers' and landowners' transition into the carbon sequestration market — and appropriations for climate technology initiatives within the US Forest Service and the Department