State of Climate Tech H1'26 Report
This State of Climate Tech H1’26 explores the key trends, shifts, and opportunities reshaping the rapidly evolving Climate Tech landscape. The strategic selectivity that took hold in 2025 continues into 2026, with funding holding steady even as deal count falls to a record low and capital concentrates in fewer, larger, conviction-led rounds. This report provides investors, corporations, and decision-makers with critical insights to drive the adoption of impactful solutions
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This report is powered by Net Zero Insights’ proprietary platform, which transforms fragmented market activity into structured, comparable intelligence across climate and energy markets.
By combining granular data on companies, capital flows, and technology development, it enables investors, corporates, and advisors to make faster, more informed, and more defensible decisions.
Key Highlights
$41.3B resilient dollars, fewer deals
H1 2026 held near $41.3B even as the deal count fell to a record low, with the same capitalflowing into fewer but larger rounds.
The fewest equity deals on record, with deal counts thinning at every stage.
Late-stage rounds keep gaining share of equity while the earliest-stage funding shrinks. Series C+ is where the capital is concentrating.
H1 2026 ranked among the busiest first halves for exit activity we have tracked.
Public listings ticked back up year on year, but the gain came from a return of SPACs, with traditional IPOs staying broadly flat.
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