Sectors · Energy & Environment

Energy / Climate

Private financing across Energy / Climate, aggregated from public sources.

Energy / Climate is a subsector of Energy & Environment. Zoom out to read the whole macro sector — $113.2B raised across 3,286 companies.

Other Energy$56.4BClimate / Cleantech$23.1BElectric Utilities$16.7BEnvironmental Services$3.8BCoal Mining$3.6BEnergy Conservation$3.2BEnergy$2.5BUtilities / Environment—
$3.8B
Capital raised
235
Companies
525
Rounds
2009
First on record
2026-03-05
Latest round

Cooling Energy / Climate drew $244.0M over the last 12 months, down 31% versus the prior 12 ($353.2M). Of 204 companies rankable against same-niche peers, 27% model over-valued and 25% under-valued.

Capital flow over time

Quarterly capital raised across Energy / Climate.

2009-Q2 · $12.4M2009-Q22009-Q3 · $12.1M2009-Q4 · $13.7M2010-Q2 · $14.8M2010-Q3 · $2.4M2010-Q4 · $15.7M2011-Q1 · $11.3M2011-Q12011-Q2 · $2.9M2011-Q3 · $882K2011-Q4 · $25.8M2012-Q1 · $6.8M2012-Q2 · $6.9M2012-Q3 · $9.2M2012-Q32012-Q4 · $20.2M2013-Q1 · $3.9M2013-Q2 · $34.2M2013-Q3 · $3.3M2013-Q4 · $32.4M2014-Q1 · $8.1M2014-Q12014-Q2 · $31.2M2014-Q3 · $18.1M2014-Q4 · $19.4M2015-Q1 · $32.4M2015-Q2 · $16.8M2015-Q3 · $24.2M2015-Q32015-Q4 · $21.5M2016-Q1 · $21.2M2016-Q2 · $50.6M2016-Q3 · $59.3M2016-Q4 · $119.1M2017-Q1 · $13.4M2017-Q12017-Q2 · $24.3M2017-Q3 · $101.4M2017-Q4 · $59.9M2018-Q1 · $20.2M2018-Q2 · $63.1M2018-Q3 · $42.3M2018-Q32018-Q4 · $32.2M2019-Q1 · $3.9M2019-Q2 · $34.8M2019-Q3 · $141.2M2019-Q4 · $27.4M2020-Q1 · $19.3M2020-Q12020-Q2 · $16.5M2020-Q3 · $19.6M2020-Q4 · $22.0M2021-Q1 · $49.7M2021-Q2 · $326.7M2021-Q3 · $54.5M2021-Q32021-Q4 · $128.9M2022-Q1 · $175.1M2022-Q2 · $79.2M2022-Q3 · $33.2M2022-Q4 · $77.8M2023-Q1 · $27.1M2023-Q12023-Q2 · $413.3M2023-Q3 · $28.4M2023-Q4 · $401.1M2024-Q1 · $26.0M2024-Q2 · $79.9M2024-Q3 · $97.6M2024-Q32024-Q4 · $46.4M2025-Q1 · $105.7M2025-Q2 · $103.5M2025-Q3 · $150.2M2025-Q4 · $85.7M2026-Q1 · $8.1M2026-Q1
Median round size by stage
StageMedian roundRounds
Series D+$149.0M5
Series C$58.9M8
Series B$17.9M65
Series A$6.1M139
Seed$1.4M167
Pre-Seed$375K141
Top-funded companies
CompanyStageRaisedModeled value
Electric Hydrogen Co.
NATICK
Series D+$544.6M$3.8B
Solid Power Inc.
LOUISVILLE
Series D+$180.2M$1.9B
Natron Energy, Inc.
SANTA CLARA
Series D+$255.4M$1.7B
Crusoe Energy Systems Inc.
DENVER
Series D+$128.0M$1.6B
KLR Energy Acquisition Corp.
Houston
Series C$75.0M$1.1B
Motiv Power Systems, Inc.
Foster City
Series C$67.3M$801.2M
Universal Hydrogen Co.
Hawthorne
Series C$85.0M$691.3M
WCI - Power Investments, LLC
NEWPORT BEACH
Series B$32.4M$443.0M
LevelTen Energy, Inc.
SEATTLE
Series C$137.3M$422.3M
Antora Energy, Inc.
SUNNYVALE
Series C$71.7M$409.9M
Achates Power Inc
SAN DIEGO
Series B$53.1M$408.2M
Power Design Holdings, LLC
DALLAS
Series B$41.9M$405.5M
AM Batteries, Inc.
BILLERICA
Series C$73.8M$343.7M
Zeno Power Systems, Inc.
Seattle
Series C$53.8M$336.6M
Meritum Energy Holdings, LP
SAN ANTONIO
Series C$54.3M$316.1M
Kingdom Wireless Power II, LLC
McKinney
Series B$21.5M$294.4M
Brilliant Light Power, Inc
CRANBURY
Series B$34.0M$251.0M
MTPV Power Corp
AUSTIN
Series B$37.4M$245.0M
Rondo Energy, Inc.
OAKLAND
Series B$25.1M$244.2M
Noon Energy Inc.
PALO ALTO
Series B$30.7M$219.5M
Related sectors
Environmental Services$3.8BFood & Beverage$3.8BBiotech$3.7BCoal Mining$3.6BHardware / Semiconductors$4.2BAirlines and Airports$3.4BHR / Worktech$4.2BPublic Safety & Security$3.4B

Browse all sectors or the full company rankings.

Frequently asked
How much venture funding has the Energy / Climate sector raised?
Companies in Energy / Climate have raised approximately $3.8B across 525 recorded financing rounds among 235 companies, aggregated from public sources.
Is Energy / Climate venture funding growing?
Energy / Climate funding is currently cooling: capital raised over the last 12 months was down 31% versus the prior 12 months.
What is the typical round size in Energy / Climate?
Median disclosed round sizes in Energy / Climate by stage are: Series D+ $149.0M, Series C $58.9M, Series B $17.9M, Series A $6.1M. These are medians across recorded rounds, not averages.
Which are the most-funded Energy / Climate companies?
The most-funded Energy / Climate companies in our coverage include Electric Hydrogen Co., Solid Power Inc., Natron Energy, Inc., Crusoe Energy Systems Inc., KLR Energy Acquisition Corp.. See the full ranked table for disclosed capital and modeled valuations.
When did Energy / Climate funding activity begin in this data?
The earliest recorded Energy / Climate financing in our coverage dates to 2009, with the most recent round around 2026-03-05.