‘State of Climate Tech Venture Capital Report’ provides insights into key trends, challenges, and opportunities

CE-Ventures has joined forces with MAGNiTT to launch a first-of-its-kind climate tech venture capital report for the Middle East, North Africa (MENA) and Türkiye region.

Key highlights from the report include:

• Climate tech investments reached an unprecedented global total of US$ 82 billion in 2022. This is a 20% increase from the previous year.
• In the MENA and Türkiye region, US$ 651 million was invested in 148 startups between 2018 and 2022.
• 2022 was a record year for climate tech funding in the MENA & Türkiye region. The total investment crossed a quarter billion dollars for the first time. This was a 50% increase compared to the previous year.
• The UAE was found to lead the region with 62% of total climate tech venture funding. Türkiye saw the greatest number of deals at 80.
• During H1 2023, the region saw 30 transactions executed, representing 60% of the total number of transactions in the previous year.
• Startups in the agriculture sector, developing solutions towards climate resiliency, accounted for a majority of the venture capital invested over the past 5.5 years.

The report can be downloaded here: https://bit.ly/3tCceqd.