Infographic – Climate Start-Ups Still Gaining Venture Funds

Click on image for full-size view (Crunchbase)

13 May 2023. Despite a sharp downturn in venture dollars from 2021, new climate and weather forecasting companies continue to attract investments at historically high rates. Data compiled by Crunchbase show climate and weather analytics start-ups worldwide raised $266.5 million in 2022, an annual number exceeded only by the whopping $541.7 million in 2021.

Crunchbase also reports a total of 39 global venture deals for climate and weather forecasting start-ups in 2022, down slightly from the 44 deals in 2021, which suggests continued interest by venture investors in this sector. Before 2021, the largest dollar volume invested in weather and climate analytics companies was $145.6 million in 2017 and the largest number of annual deals, 27, occurred in 2020.

Companies in this sector, says Crunchbase, develop more sophisticated forecasting models than common weather apps found on mobile phones, often using artificial intelligence algorithms. The continuing degradation of the global climate and increasingly severe weather patterns are creating a larger market for these services, beyond earlier business customers in agriculture and energy, to companies in the housing and consumer goods industries.

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