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A group of venture capitalists, together with consulting firm McKinsey, have launched a fundraising and scaling playbook for climate tech companies, based on an analysis of what worked for thousands of start-ups in the sector.
Why it matters: New climate technologies are expected to play a crucial role in the global energy transition. According to McKinsey’s estimates, decarbonising the world’s economy will require the creation of 1,000 unicorns (start-ups valued at $1 billion or more) and 300 ‘decacorns’ (start-ups valued at $10 billion or more) in the climate tech space by 2030.
The latest: McKinsey and the group of venture capitalists studied the trajectories of 3,000 climate tech start-ups and conducted more than 100 interviews before putting together The Climate Brick, a how-to guide for entrepreneurs in this space.
The playbook’s founders include Ted Persson and Sandra Malmberg from EQT Ventures, and Rokas Peciulaitis of Contrarian Ventures.
The “missing manual,” as Malmberg puts it, highlights best practices when it comes to fundraising, developing supply chains, and collaborations, among other things.
It’s generated strong interest from universities, policymakers, investors and entrepreneurs, according to Malmberg.
The Climate Brick platform can be accessed here.
