Looking foršclimate tech startupš”ideas? Here are 10šSurging Climate Tech Startups (2022)
To help you to keep an eye on 2022's largest climate investment trend, weāve gathered some of the most google-searched climate tech startups and their funding status. Enjoy!
With climate change becoming a pressing issue, thereās a dire need for sustainable solutions.
Certain ventures are trying to fill these gaps to create a cleaner future with climate-friendly technology.
By 2023, total investment in the climate and cleantech sectors is expected to reach $6.4 trillion.
Every year, several new companies are joining this ever-expanding sector.
Weāve gathered 20 of the fastest-growing climate tech startups to keep an eye on in 2022.
1. GreenLight Biosciences
5-year search growth: 185%
Search growth status: Exploding
Year founded: 2008
Location: Medford, MA
Funding: $340.5M (Post-IPO Equity)
What they do: GreenLight Biosciences is a plant and life sciences company that develops RNA-based products. Specifically, they offer targeted biocontrols through their proprietary āGreenWorXā platform, aimed at protecting crops from pests. GreenLight Biosciences earns an estimated $5M in annual revenue.
2. Mootral
5-year search growth: 576%
Search growth status: Exploding
Year founded: 2018
Location: Rolle, Switzerland
Funding: $13.5M (Equity Crowdfunding)
What they do: Mootral is an agtech company that develops feed supplements for cattle. Their solutions are designed to reduce methane emissions from cows, goats, and sheep. The company claims that its solutions can result in a 38% reduction in emissions.
3. Wefarm
5-year search growth: 485%
Search growth status: Peaked
Year founded: 2015
Location: London, UK
Funding: $32M (Series A)
What they do: A platform for independent farmers, Wefarm offers open-source farming resources and access to physical retailers. The network enables farmers to connect with each other via SMS or through the app. The platform is currently used by 2.4 million farmers.
4. FarmLead
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2013
Location: Ottawa, Canada
Funding: $7.3M (Series A)
What they do: FarmLead is an agtech startup that primarily offers an online marketplace for farmers, growers, and buyers. Called Combyne, the platform has been designed to simplify the trading of grains and crops for the agricultural community. The startup reports that the user base for Combyne grew more than 400% from 2019 to 2020.
5. Trace Genomics
5-year search growth: 6%
Search growth status: Peaked
Year founded: 2015
Location: Burlingame, CA
Funding: $39.7M (Convertible Note)
What they do: Trace Genomics is an agricultural technology company that serves agronomists. The startup uses DNA extraction and machine learning to provide data on soil samples. Trace Genomics was selected as a technology pioneer by the World Economic Forum in 2020.
6. BluWrap
5-year search growth: 0%
Search growth status: Peaked
Year founded: 2006
Location: San Francisco, CA
Funding: $12.6M (Series D)
What they do: An agtech company, BluWrap offers food supply chain solutions. They offer shelf life extension technology for fresh proteins (mainly seafood). It is estimated that the company earns $5M in revenue on an annual basis.
7. FoodLogiQ
5-year search growth: -60%
Search growth status: Peaked
Year founded: 2006
Location: Durham, NC
Funding: $33.8M (Series B)
What they do: FoodLogiQ is a foodtech company that delivers software solutions made for the global food supply chain. Their platforms help food companies manage, trace, track, and recall their products. FoodLogiQ currently serves major chains and food companies, including Subway, Whole Foods Market, and Carlās Jr.
8. Vestaron Corporation
5-year search growth: 171%
Search growth status: Peaked
Year founded: 2005
Location: Durham, NC
Funding: $172.9M (Series C)
What they do: Vestaron Corporation is an agriculture technology company engaged in crop protection. They develop biological peptides that are meant to be safer alternatives to chemical-based pesticides. In 2020, Vestaron made it to the Global Cleantech 100 list.
9. TerViva
5-year search growth: 190%
Search growth status: Peaked
Year founded: 2010
Location: Oakland, CA
Funding: $85.6M (Series E)
What they do: TerViva is an agricultural technology company that focuses on restoring degraded farmlands. They do this by producing Pongamia trees that yield oil-rich seeds. TerViva claims that they currently have 150,000 trees under contract.
10. Indigo
5-year search growth: -1%
Search growth status: Peaked
Year founded: 2014
Location: Boston, MA
Funding: $1.2B (Series F)
What they do: Combining digital technologies with microbiology, Indigo offers sustainable solutions to both growers and grain buyers. In addition to biological products, the company also offers a logistics platform and an online marketplace for farmers and buyers. According to their website, 100 million bushels have been transacted over the Indigo marketplace.
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At Atlas Capital, we do not only focus on new technologies, but we also aim to revolutionize traditional industries into greener ones. We believe that by bringing innovators, and investors together, we can ride that trillion-dollar market tsunami while returning huge ROI to our investors and saving gigatons of CO2. Now is the time your investments can build a zero-carbon world for your children.