Acknowledging leading Climate Tech investors

2024 Climate50 winners announced!

Check the winners
Organizers
In partnership with

Winners 2024

Continuing our mission of raising awareness around the threat of climate change, inspiring more investors to join the climate fight, and deploying capital in the most critical transition humanity has ever faced, we are excited to announce the ultimate category winners of the 2024 Climate 50 list!

Top early
stage VC
Future Energy Ventures
Founded in 2016, Future Energy Ventures is a SFDR article 9 fund investing in early-stage startup focused on decarbonization and the energy transition. Its portfolio spans from Europe, North America, and Israel driving the transition to a sustainable energy future.
Top
growth VC
Demeter
Founded in 2005, Demeter is a Paris-based investment firm managing €1.3 billion across early and growth-stage funds. Over the last 17 years, it has made over 230 investments in renewable energy, clean mobility, agriculture, and green infrastructure, with a strong presence across France, Spain, and Germany.
Top
corporate VC
Shell Ventures
Established in 1996, Shell Ventures is the venture arm of Shell, investing globally from seed to growth stage. This pioneering CVC supports startups in renewable power, low-carbon fuels, mobility, and digital energy, offering market access and strategic partnerships through Shell’s global platform.
Top
emerging VC
Climate Capital
Founded in 2018, Climate Capital is a San Francisco-based early-stage fund and syndicate investing across energy, agriculture, mobility, and carbon removal. With a 3,000+ angel investors syndicate and several micro-funds, it was ranked by Axios as the world’s most active climate tech VC in 2023.
Public’s
favourite VC
Green Frontier Capital
Launched in 2020, Green Frontier Capital is India’s first climate-tech VC fund, focused on growth-stage startups in clean energy, mobility, agri-tech, and sustainable consumer goods. Known for its stellar leadership of Wallstreet veterans, hands-on support and ESG tracking, it plays a leading role in India’s climate ecosystem.
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Ranking list
The most up-to-date, comprehensive and insightful rolling list of global climate VC investors allocating capital to entrepreneurs moving us closer to net-zero.
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Annual ranking
The annual Climate50 ranking is providing recognition to the most impactful Climate Tech investors globally. Check the ultimate category winners of the annual Climate50 list.

Timeline

  • Voting starts
    28th of February, 2025
  • Voting deadline
    April 21st, 2025
  • Final list reveal
    End of April, 2025

2024 Top Climate Tech investors

Climate 50 is an annually published list of the top 50 most recognized Climate Tech investors. The 2024 list below represents the most impactful climate investors helping founders realize novel solutions that move us towards a more sustainable energy transition and planet. Started in 2020, where the global momentum around climate change is building towards a crescendo, we ought to not to forget and recognize the world’s most important venture capitalist contributing to this significant journey to net zero.

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1st
Company name: Demeter
2024
Investor Type Growth
Geography: Europe
AUM size >=$1bn
Emerging fund manager No
Founded: 2005
Notable Portfolio Company Name: Solairedirect
Community Initiatives: Yes
HQ Country: France
Focus Industry: Energy
Investment Geography:Europe
2nd
Company name: Energy Impact Partners
Investor Type Growth
Geography: North America
AUM size >=$1bn
Emerging fund manager No
Founded: 2015
Notable Portfolio Company Name: Form Energy
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyMobility & Transport
Investment Geography:EuropeNorth America
3rd
Company name: Shell Ventures
2024
Investor Type Corporate
Geography: Europe
AUM size >=$1bn
Emerging fund manager N/A
Founded: 1996
Notable Portfolio Company Name: Aurora (automotive)
Community Initiatives: Yes
HQ Country: Netherlands
Focus Industry: EnergyMobility & TransportCarbon removal & Emissions management
Investment Geography:Asia-PacificEuropeNorth America
4th
Company name: Future Energy Ventures
2024
Investor Type Early stage
Geography: Europe
AUM size >=$100m
Emerging fund manager No
Founded: 2016
Notable Portfolio Company Name: Tado, ev.energy, Thermondo
Community Initiatives: Yes
HQ Country: Germany
Focus Industry: EnergyBuilt EnvironmentCarbon Removal & Emissions ManagementMobility & Transport
Investment Geography:Europe
5th
Company name: Plug & Play Ventures
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager No
Founded: 2006
Notable Portfolio Company Name: Heirloom
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyBuilt environmentFood & AgricultureCircular EconomyCarbon removal & Emissions managementMobility & Transport
Investment Geography:North AmericaEuropeSouth AmericaAsia-PacificMiddle East & Africa
6th
Company name: Siemens Energy Ventures
Investor Type Corporate
Geography: Europe
AUM size -
Emerging fund manager N/A
Founded: 2020
Notable Portfolio Company Name: Seurat Technologies
Community Initiatives: Yes
HQ Country: Germany
Focus Industry: EnergyCarbon removal & Emissions managementMobility & TransportCircular Economy
Investment Geography:North AmericaSouth AmericaMiddle East & AfricaEuropeAsia-Pacific
7th
Company name: Collaborative Fund
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager No
Founded: 2010
Notable Portfolio Company Name: Dandelion Energy
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyFood & Agriculture
Investment Geography:Asia-PacificNorth AmericaEurope
8th
Company name: Breakthrough Energy Ventures
Investor Type Growth
Geography: North America
AUM size >=$1bn
Emerging fund manager No
Founded: 2015
Notable Portfolio Company Name: QuantumScape
Community Initiatives: Yes
HQ Country: United States
Focus Industry: Energy
Investment Geography:EuropeMiddle East & AfricaNorth America
9th
Company name: Climate Pledge Fund (Amazon)
Investor Type Corporate
Geography: North America
AUM size >=$1bn
Emerging fund manager N/A
Founded: 2020
Notable Portfolio Company Name: CarbonCure
Community Initiatives: Yes
HQ Country: United States
Focus Industry: Mobility & TransportCircular EconomyEnergyFood & Agriculture
Investment Geography:North America
10th
Company name: Climate Capital
2024
Investor Type Early stage
Geography: North America
AUM size <$100m
Emerging fund manager Yes
Founded: 2019
Notable Portfolio Company Name: Colossal Biosciences
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyMobility & TransportFood & AgricultureBuilt EnvironmentCarbon Removal & Emissions Management
Investment Geography:North America
11th
Company name: Lowercarbon Capital
Investor Type Early stage
Geography: North America
AUM size >=$1bn
Emerging fund manager No
Founded: 2017
Notable Portfolio Company Name: Lilac Solutions
Community Initiatives: No
HQ Country: United States
Focus Industry: EnergyBuilt environmentFood & AgricultureCircular EconomyCarbon removal & Emissions managementHeavy industry & ManufacturingMobility & Transport
Investment Geography:EuropeNorth America
12th
Company name: Temasek
Investor Type Corporate
Geography: Asia-Pacific
AUM size -
Emerging fund manager N/A
Founded: 1974
Notable Portfolio Company Name: Stripe
Community Initiatives: No
HQ Country: Singapore
Focus Industry: Heavy industry & ManufacturingMobility & TransportFood & Agriculture
Investment Geography:Asia-PacificNorth AmericaEurope
13th
Company name: Khosla Ventures
Investor Type Growth
Geography: North America
AUM size >=$1bn
Emerging fund manager No
Founded: 2004
Notable Portfolio Company Name: QuantumScape
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyBuilt EnvironmentFood & AgricultureHeavy Industry & ManufacturingMobility & TransportCarbon Removal & Emissions ManagementCircular Economy
Investment Geography:Asia-PacificEuropeMiddle East & AfricaNorth AmericaSouth America
14th
Company name: Third Sphere
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager No
Founded: 2013
Notable Portfolio Company Name: Future Motion
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyBuilt environmentFood & AgricultureCircular EconomyCarbon removal & Emissions managementHeavy industry & ManufacturingMobility & Transport
Investment Geography:North AmericaEuropeSouth AmericaMiddle East & Africa
15th
Company name: BP Ventures
Investor Type Corporate
Geography: Europe
AUM size >=$100m
Emerging fund manager N/A
Founded: 2012
Notable Portfolio Company Name: Beyond Limits
Community Initiatives: Yes
HQ Country: United Kingdom
Focus Industry: EnergyMobility & Transport
Investment Geography:EuropeNorth America
16th
Company name: Clean Energy Ventures
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager Yes
Founded: 2017
Notable Portfolio Company Name: Nth Cycle
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyBuilt EnvironmentCarbon Removal & Emissions ManagementHeavy Industry & ManufacturingMobility & Transport
Investment Geography:North AmericaEuropeIsrael
17th
Company name: ENGIE New Ventures
Investor Type Corporate
Geography: Europe
AUM size >=$100m
Emerging fund manager N/A
Founded: 2014
Notable Portfolio Company Name: Gogoro
Community Initiatives: No
HQ Country: France
Focus Industry: Energy
Investment Geography:Asia-PacificEuropeNorth America
18th
Company name: Capricorn Investment Group
Investor Type Growth
Geography: North America
AUM size >=$1bn
Emerging fund manager No
Founded: 2001
Notable Portfolio Company Name: Joby Aviation
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyMobility & Transport
Investment Geography:North America
19th
Company name: Aramco Ventures
Investor Type Corporate
Geography: Middle East & Africa
AUM size >=$1bn
Emerging fund manager N/A
Founded: 2012
Notable Portfolio Company Name: Form Energy
Community Initiatives: No
HQ Country: Saudi Arabia
Focus Industry: EnergyCarbon removal & Emissions managementHeavy industry & Manufacturing
Investment Geography:North AmericaEuropeAsia-PacificMiddle East & Africa
20th
Company name: Congruent Ventures
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager No
Founded: 2017
Notable Portfolio Company Name: Fervo
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyMobility & TransportFood & AgricultureCircular Economy
Investment Geography:North America
21st
Company name: EDP Ventures
Investor Type Corporate
Geography: Europe
AUM size >=$100m
Emerging fund manager N/A
Founded: 2008
Notable Portfolio Company Name: Terabase
Community Initiatives: No
HQ Country: Portugal
Focus Industry: EnergyMobility & Transport
Investment Geography:Asia-PacificEuropeMiddle East & AfricaNorth AmericaSouth America
22nd
Company name: Kleiner Perkins
Investor Type Growth
Geography: North America
AUM size >=$1bn
Emerging fund manager No
Founded: 1972
Notable Portfolio Company Name: Uber
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyBuilt environmentFood & AgricultureHeavy industry & ManufacturingMobility & TransportCarbon removal & Emissions managementCircular Economy
Investment Geography:Asia-PacificEuropeNorth America
23rd
Company name: SET Ventures
Investor Type Early stage
Geography: Europe
AUM size >=$100m
Emerging fund manager No
Founded: 2007
Notable Portfolio Company Name: Sonnen
Community Initiatives: Yes
HQ Country: Netherlands
Focus Industry: EnergyMobility & Transport
Investment Geography:Europe
24th
Company name: Active Impact Investments
Investor Type Early stage
Geography: North America
AUM size <$100m
Emerging fund manager Yes
Founded: 2018
Notable Portfolio Company Name: Solstice
Community Initiatives: Yes
HQ Country: Canada
Focus Industry: EnergyMobility & TransportFood & AgricultureCircular Economy
Investment Geography:North America
25th
Company name: The Ecosystem Integrity Fund
Investor Type Growth
Geography: North America
AUM size >=$100m
Emerging fund manager No
Founded: 2011
Notable Portfolio Company Name: EV Connect
Community Initiatives: No
HQ Country: United States
Focus Industry: EnergyMobility & TransportFood & AgricultureCircular Economy
Investment Geography:North AmericaEuropeAsia-PacificMiddle East & AfricaSouth America
26th
Company name: BMW i Ventures
Investor Type Corporate
Geography: North America
AUM size >=$100m
Emerging fund manager N/A
Founded: 2011
Notable Portfolio Company Name: Our Next Energy
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyBuilt EnvironmentCarbon Removal & Emissions ManagementHeavy Industry & ManufacturingMobility & Transport
Investment Geography:North AmericaEurope
27th
Company name: New Climate Ventures
Investor Type Early stage
Geography: North America
AUM size <$100m
Emerging fund manager Yes
Founded: 2021
Notable Portfolio Company Name: Air Company
Community Initiatives: No
HQ Country: United States
Focus Industry: EnergyBuilt EnvironmentFood & AgricultureCircular EconomyCarbon Removal & Emissions ManagementHeavy Industry & ManufacturingMobility & Transport
Investment Geography:North AmericaEuropeSouth AmericaAsia-Pacific
28th
Company name: Green Frontier Capital
2024
Investor Type Early stage
Geography: Asia-Pacific
AUM size >=$100m
Emerging fund manager Yes
Founded: 2021
Notable Portfolio Company Name: Battery Smart
Community Initiatives: Yes
HQ Country: India
Focus Industry: EnergyFood & AgricultureBuilt environmentCircular EconomyCarbon removal & Emissions managementHeavy industry & ManufacturingMobility
Investment Geography:Asia-Pacific
29th
Company name: SE Ventures
Investor Type Corporate
Geography: North America
AUM size >=$100m
Emerging fund manager N/A
Founded: 2018
Notable Portfolio Company Name: AiDash
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyBuilt environmentCircular EconomyHeavy industry & ManufacturingMobility & Transport
Investment Geography:North AmericaEuropeAsia-Pacific
30th
Company name: High-Tech Gründerfonds
Investor Type Early stage
Geography: Europe
AUM size >=$100m
Emerging fund manager No
Founded: 2005
Notable Portfolio Company Name: Sunvigo
Community Initiatives: Yes
HQ Country: Germany
Focus Industry: EnergyMobility & TransportHeavy industry & Manufacturing
Investment Geography:Europe
31st
Company name: Chevron Technology Ventures
Investor Type Corporate
Geography: North America
AUM size >=$100m
Emerging fund manager N/A
Founded: 1999
Notable Portfolio Company Name: Natron Energy
Community Initiatives: No
HQ Country: United States
Focus Industry: EnergyMobility & TransportCircular Economy
Investment Geography:North AmericaEurope
32nd
Company name: Constellation Technology Ventures
Investor Type Corporate
Geography: North America
AUM size -
Emerging fund manager N/A
Founded: 2010
Notable Portfolio Company Name: Proterra
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyMobility & TransportFood & AgricultureCircular Economy
Investment Geography:North America
33rd
Company name: Barclays
Investor Type Corporate
Geography: Europe
AUM size >=$100m
Emerging fund manager N/A
Founded: 2020
Notable Portfolio Company Name:
Community Initiatives: No
HQ Country: United Kingdom
Focus Industry: EnergyBuilt environmentFood & AgricultureCircular EconomyCarbon removal & Emissions managementHeavy industry & ManufacturingMobility & Transport
Investment Geography:North AmericaEuropeAsia-Pacific
34th
Company name: Prelude Ventures
Investor Type Early stage
Geography: North America
AUM size >=$1bn
Emerging fund manager No
Founded: 2013
Notable Portfolio Company Name: Quantumscape
Community Initiatives: No
HQ Country: United States
Focus Industry: EnergyBuilt environmentFood & AgricultureCircular EconomyCarbon removal & Emissions managementHeavy industry & ManufacturingMobility & Transport
Investment Geography:North America
35th
Company name: AENU
Investor Type Early stage
Geography: Europe
AUM size >=$100m
Emerging fund manager Yes
Founded: 2022
Notable Portfolio Company Name: Monta
Community Initiatives: Yes
HQ Country: Germany
Focus Industry: EnergyBuilt environmentFood & AgricultureCircular EconomyCarbon removal & Emissions managementHeavy industry & ManufacturingMobility & Transport
Investment Geography:Europe
36th
Company name: Ajax Strategies
Investor Type Growth
Geography: North America
AUM size -
Emerging fund manager Yes
Founded: 2014
Notable Portfolio Company Name: Lime
Community Initiatives: No
HQ Country: United States
Focus Industry: EnergyFood & AgricultureCircular EconomyCarbon removal & Emissions managementHeavy industry & ManufacturingMobility & TransportBuilt environment
Investment Geography:North America
37th
Company name: Zouk Capital
Investor Type Growth
Geography: Europe
AUM size >=$1bn
Emerging fund manager No
Founded: 1999
Notable Portfolio Company Name: Zola Electric
Community Initiatives: Yes
HQ Country: United Kingdom
Focus Industry: EnergyMobility & TransportBuilt environment
Investment Geography:North AmericaEuropeMiddle East & Africa
38th
Company name: Eneco Ventures
Investor Type Corporate
Geography: Europe
AUM size >=$100m
Emerging fund manager N/A
Founded: 2015
Notable Portfolio Company Name: Next Kraftwerke
Community Initiatives: No
HQ Country: Netherlands
Focus Industry: Energy
Investment Geography:Europe
39th
Company name: Inven Capital
Investor Type Corporate
Geography: Europe
AUM size >=$100m
Emerging fund manager N/A
Founded: 2014
Notable Portfolio Company Name: Sonnen
Community Initiatives: No
HQ Country: Czech Republic
Focus Industry: EnergyBuilt environmentMobility & Transport
Investment Geography:EuropeMiddle East & Africa
40th
Company name: S2G Ventures
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager No
Founded: 2014
Notable Portfolio Company Name: Tado
Community Initiatives: No
HQ Country: United States
Focus Industry: EnergyFood & AgricultureCleantech
Investment Geography:North AmericaEurope
41st
Company name: Fifth Wall
Investor Type Early stage
Geography: North America
AUM size >=$1bn
Emerging fund manager No
Founded: 2016
Notable Portfolio Company Name: Span.io
Community Initiatives: Yes
HQ Country: United States
Focus Industry: Built environment
Investment Geography:North America
42nd
Company name: Lightrock
Investor Type Growth
Geography: Europe
AUM size >=$1bn
Emerging fund manager No
Founded: 2009
Notable Portfolio Company Name: Group14 Technologies
Community Initiatives: No
HQ Country: United Kingdom
Focus Industry: EnergyCarbon removal & Emissions managementBuilt environmentSustainability
Investment Geography:EuropeNorth AmericaMiddle East & AfricaAsia-PacificSouth America
43rd
Company name: Grantham Foundation
Investor Type Early stage
Geography: North America
AUM size -
Emerging fund manager No
Founded: 1997
Notable Portfolio Company Name: Fervo Energy
Community Initiatives: No
HQ Country: United States
Focus Industry: EnergyCarbon removal & Emissions managementFood & Agriculture
Investment Geography:North AmericaAsia-PacificMiddle East & AfricaEurope
44th
Company name: Obvious Ventures
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager No
Founded: 2014
Notable Portfolio Company Name: Lilium
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyMobility & TransportHeavy industry & Manufacturing
Investment Geography:EuropeNorth America
45th
Company name: Volta Ventures
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager Yes
Founded: 2016
Notable Portfolio Company Name: Solid Power
Community Initiatives: No
HQ Country: United States
Focus Industry: Energy
Investment Geography:North America
46th
Company name: Contrarian Ventures
Investor Type Early stage
Geography: Europe
AUM size >=$100m
Emerging fund manager Yes
Founded: 2017
Notable Portfolio Company Name: PVCase
Community Initiatives: Yes
HQ Country: Lithuania
Focus Industry: EnergyMobility & TransportCarbon removal & Emissions managementCircular EconomyBuilt environmentHeavy industry & Manufacturing
Investment Geography:EuropeIsrael
47th
Company name: Elemental Excelerator
Investor Type Early stage
Geography: North America
AUM size <$100m
Emerging fund manager Yes
Founded: 2009
Notable Portfolio Company Name: OhmConnect
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyMobility & TransportFood & AgricultureCircular Economy
Investment Geography:EuropeNorth America
48th
Company name: SJF Ventures
Investor Type Growth
Geography: North America
AUM size >=$100m
Emerging fund manager No
Founded: 1999
Notable Portfolio Company Name: WayCare
Community Initiatives: No
HQ Country: United States
Focus Industry: EnergyMobility & TransportCircular EconomyFood & Agriculture
Investment Geography:Middle East & AfricaEurope
49th
Company name: ETF Partners
Investor Type Growth
Geography: Europe
AUM size >=$100m
Emerging fund manager No
Founded: 2005
Notable Portfolio Company Name: Enablon
Community Initiatives: Yes
HQ Country: United Kingdom
Focus Industry: EnergyBuilt environmentFood & AgricultureHeavy industry & ManufacturingMobility & Transport
Investment Geography:Europe
50th
Company name: ABB Technology Ventures (ATV)
Investor Type Corporate
Geography: Europe
AUM size >=$100m
Emerging fund manager N/A
Founded: 2010
Notable Portfolio Company Name: Hailo
Community Initiatives: Yes
HQ Country: Switzerland
Focus Industry: EnergyMobility & TransportHeavy industry & Manufacturing
Investment Geography:North AmericaAsia-PacificEuropeMiddle East & Africa
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2020 was a year of wake up

The world’s most profound scientists tell us that 2020 was the point of no return. From this point onwards - coordinated, comprehensive and long-term focused climate action must be taken.


Technology has always been the main enabler of coordinated, comprehensive and long-term solutions to the world’s most pressing problems. Looking back, venture-backed businesses have proven to be the most capable in delivering those solutions. This time is no different – technology is the only way to move us close to our net-zero objectives.


Climate 50 is an annual list that aims to recognize the most impactful global climate investors allocating capital to entrepreneurs building cutting edge technology moving us closer to a net-zero planet.

Nomination Categories:

1. Top early stage VC
Investors focusing from pre-seed to Series A
2. Top growth VC
Investors focusing on rounds beyond Series A
3. Top corporate VC
Can only qualify as a corporate that focuses on Climate Tech investments directly, and not through FoF strategy
4. Top emerging VC
Investors with an AUM <€100m or in their 1st or 2nd fund (excluding Corporates)
5. Public’s favourite VC
An investor which received the most public votes throughout the voting period
Organizers
In partnership with