2025 Climate50 winners announced!

CHECK THE WINNERS
Organizers
In partnership with

2025 Winners

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 2025 Climate 50 list!

Top early
stage VC
Plug & Play Ventures
Founded in 2006, Plug & Play Ventures is the world's largest early-stage investor and accelerator driving innovation in 20+ industries. The fund runs over 50 accelerator programs worldwide and invests in more than 250 companies annually. To this day Plug & Play Ventures has reached 35 unicorns in its portfolio, including Dropbox, PayPal, and N26.
Top
growth VC
Energy Impact Partners
Founded in 2015, Energy Impact Partners (EIP) is a New York-based investment platform with over $4.5 billion in assets under management. Their funds are backed by the biggest companies like Microsoft, Duke Energy, and Xcel Energy. EIP invests globally focusing on software and hardware companies decarbonising the global economy.
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
Carbon13
Founded in 2021, Carbon13 is a Cambridge-based venture builder for the climate emergency. It selects and supports entrepreneurs to build ventures each capable of mitigating at least 10 million tonnes of CO2e per year at scale, with programmes now running in both Cambridge and Berlin.
Public’s
favourite VC
New Climate Ventures
Founded in 2021, New Climate Ventures (NCV) is a Houston-based early-stage venture capital firm investing in the future of how we produce, power, and consume. The firm backs founders building the next generation of technologies across energy, materials, and fuels - among other innovations supporting the emerging New Industrial Revolution.
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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.
Annual ranking

Timeline

  • Voting starts
    16th of February, 2026
  • Voting deadline
    April 20th, 2026
  • Final list reveal
    End of April, 2026

Leading Climate Tech Investors

Climate 50 is an annually published list of the top 50 most recognized Climate Tech investors. The running 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.

Overview article
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1st
Company name: Energy Impact Partners
2025
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
2nd
Company name: Plug & Play Ventures
2025
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
3rd
Company name: Shell Ventures
2025
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
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: 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
6th
Company name: Demeter
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
7th
Company name: Carbon13
2025
Investor Type Early stage
Geography: Europe
AUM size <$100m
Emerging fund manager Yes
Founded: 2019
Notable Portfolio Company Name: BioZeroc
Community Initiatives: Yes
HQ Country: United Kingdom
Focus Industry: EnergyBuilt environmentFood & AgricultureCircular EconomyCarbon removal & Emissions managementHeavy industry & ManufacturingMobility & Transport
Investment Geography:Europe
8th
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
9th
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
10th
Company name: Westly Group
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager No
Founded: 2007
Notable Portfolio Company Name: Tesla
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyBuilt EnvironmentCarbon Removal & Emissions ManagementHeavy Industry & ManufacturingMobility & Transport
Investment Geography:North America
11th
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
12th
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
13th
Company name: Climate Investment (formerly OGCI Climate Investments)
Investor Type Growth
Geography: Europe
AUM size >=$1bn
Emerging fund manager No
Founded: 2017
Notable Portfolio Company Name: GHGSat
Community Initiatives: Yes
HQ Country: United Kingdom
Focus Industry: EnergyBuilt EnvironmentCircular EconomyCarbon Removal & Emissions ManagementHeavy Industry & ManufacturingMobility & Transport
Investment Geography:North AmericaEuropeAsia-Pacific
14th
Company name: Emerald Technology Ventures
Investor Type Growth
Geography: Europe
AUM size >=$1bn
Emerging fund manager No
Founded: 2000
Notable Portfolio Company Name: Spear Power Systems
Community Initiatives: Yes
HQ Country: Switzerland
Focus Industry: EnergyBuilt EnvironmentFood & AgricultureCircular EconomyCarbon Removal & Emissions ManagementHeavy Industry & ManufacturingMobility & Transport
Investment Geography:North AmericaEuropeSouth AmericaAsia-PacificMiddle East & Africa
15th
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
16th
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
17th
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
18th
Company name: Blackhorn Ventures
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager Yes
Founded: 2017
Notable Portfolio Company Name: Electriphi
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyMobility & TransportBuilt environmentLogistics
Investment Geography:North AmericaEurope
19th
Company name: Powerhouse Ventures
Investor Type Early stage
Geography: North America
AUM size <$100m
Emerging fund manager Yes
Founded: 2013
Notable Portfolio Company Name: ThinkLabs
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyBuilt environmentMobility & TransportHeavy Industry & ManufacturingRisk & Resiliency
Investment Geography:North AmericaEurope
20th
Company name: TDK Ventures
Investor Type Corporate
Geography: North America
AUM size >=$100m
Emerging fund manager N/A
Founded: 2019
Notable Portfolio Company Name: Ascend Elements
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyCircular EconomyHeavy industry & ManufacturingMobility & Transport
Investment Geography:North AmericaEuropeAsia-Pacific
21st
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
22nd
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
23rd
Company name: VoLo Earth Ventures
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager Yes
Founded: 2020
Notable Portfolio Company Name: Pearl Street
Community Initiatives: No
HQ Country: United States
Focus Industry: EnergyMobility & TransportBuilt environmentCarbon removal & Emissions managementHeavy Industry & Manufacturing
Investment Geography:North America
24th
Company name: Equinor Ventures
Investor Type Corporate
Geography: Europe
AUM size >=$100m
Emerging fund manager N/A
Founded: 1991
Notable Portfolio Company Name: ChargePoint
Community Initiatives: Yes
HQ Country: Norway
Focus Industry: EnergyCircular EconomyCarbon removal & Emissions managementHeavy industry & ManufacturingMobility & Transport
Investment Geography:Middle East & AfricaEuropeNorth AmericaAsia-PacificSouth America
25th
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
26th
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
27th
Company name: Salesforce Ventures
Investor Type Corporate
Geography: North America
AUM size >=$100m
Emerging fund manager N/A
Founded: 2017
Notable Portfolio Company Name: Pano AI
Community Initiatives: Yes
HQ Country: United States
Focus Industry: Circular EconomyEnergyBuilt EnvironmentCarbon Removal & Emissions Management
Investment Geography:North AmericaEuropeSouth AmericaMiddle East & Africa
28th
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
29th
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
30th
Company name: Activate Capital
Investor Type Growth
Geography: North America
AUM size >=$100m
Emerging fund manager Yes
Founded: 2017
Notable Portfolio Company Name: StreetLight Data
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyMobility & Transport
Investment Geography:North America
31st
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
32nd
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
33rd
Company name: EDF Pulse Ventures
Investor Type Corporate
Geography: Europe
AUM size >=$100m
Emerging fund manager N/A
Founded: 2017
Notable Portfolio Company Name: Persefoni
Community Initiatives: Yes
HQ Country: France
Focus Industry: EnergyBuilt environmentFood & AgricultureCarbon removal & Emissions managementHeavy industry & ManufacturingMobility & Transport
Investment Geography:North AmericaEuropeAsia-Pacific
34th
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
35th
Company name: Climate Capital
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
36th
Company name: G2 Venture Partners
Investor Type Growth
Geography: North America
AUM size >=$1bn
Emerging fund manager No
Founded: 2017
Notable Portfolio Company Name: PivotBio, Locus Robotics, Arcadia, Scandit, Luminar
Community Initiatives: Yes
HQ Country: United States
Focus Industry: Mobility & TransportEnergyBuilt environmentFood & AgricultureCircular EconomyCarbon removal & Emissions managementHeavy industry & Manufacturing
Investment Geography:EuropeNorth America
37th
Company name: National Grid Partners
Investor Type Corporate
Geography: North America
AUM size >=$100m
Emerging fund manager N/A
Founded: 2018
Notable Portfolio Company Name: Autogrid
Community Initiatives: Yes
HQ Country: United States
Focus Industry: Energy
Investment Geography:North AmericaEurope
38th
Company name: Valo Ventures
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager Yes
Founded: 2018
Notable Portfolio Company Name: Myst AI
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyBuilt environmentFood & AgricultureCircular EconomyCarbon removal & Emissions managementMobility & Transport
Investment Geography:North AmericaEurope
39th
Company name: Barclays Climate Ventures
Investor Type Corporate
Geography: Europe
AUM size >=$100m
Emerging fund manager N/A
Founded: 2020
Notable Portfolio Company Name: Energy Dome
Community Initiatives: No
HQ Country: United Kingdom
Focus Industry: EnergyBuilt environmentFood & AgricultureCircular EconomyCarbon removal & Emissions managementHeavy industry & ManufacturingMobility & Transport
Investment Geography:North AmericaEuropeAsia-Pacific
40th
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
41st
Company name: Toyota Ventures
Investor Type Corporate
Geography: North America
AUM size >=$100m
Emerging fund manager N/A
Founded: 2017
Notable Portfolio Company Name: Joby Aviation
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyBuilt environmentFood & AgricultureCarbon removal & Emissions managementMobility & Transport
Investment Geography:EuropeMiddle East & AfricaNorth America
42nd
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
43rd
Company name: ArcTern Ventures
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager No
Founded: 2012
Notable Portfolio Company Name: Palmetto
Community Initiatives: Yes
HQ Country: Canada
Focus Industry: EnergyMobility & TransportFood & AgricultureCircular Economy
Investment Geography:North AmericaEurope
44th
Company name: Katapult Ocean
Investor Type Early stage
Geography: Europe
AUM size <$100m
Emerging fund manager Yes
Founded: 2018
Notable Portfolio Company Name: Bound4Blue
Community Initiatives: Yes
HQ Country: Norway
Focus Industry: EnergyBuilt environmentFood & AgricultureCircular EconomyCarbon removal & Emissions managementHeavy industry & ManufacturingMobility & Transport
Investment Geography:North AmericaEuropeSouth AmericaAsia-PacificMiddle East & Africa
45th
Company name: Hyundai
Investor Type Corporate
Geography: North America
AUM size -
Emerging fund manager N/A
Founded: 2017
Notable Portfolio Company Name: Immotor
Community Initiatives: Yes
HQ Country: United States
Focus Industry: Mobility & Transport
Investment Geography:Middle East & AfricaNorth AmericaEurope
46th
Company name: Inven Capital
Investor Type Growth
Geography: Europe
AUM size >=$100m
Emerging fund manager Yes
Founded: 2014
Notable Portfolio Company Name: Sonnen
Community Initiatives: No
HQ Country: Czech Republic
Focus Industry: EnergyBuilt environmentMobility & Transport
Investment Geography:EuropeMiddle East & Africa
47th
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
48th
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
49th
Company name: Blue Bear Capital
Investor Type Early stage
Geography: North America
AUM size >=$100m
Emerging fund manager Yes
Founded: 2016
Notable Portfolio Company Name: Omnidian
Community Initiatives: Yes
HQ Country: United States
Focus Industry: EnergyCarbon removal & Emissions managementHeavy industry & ManufacturingMobility & Transport
Investment Geography:EuropeNorth America
50th
Company name: Evok Innovations
Investor Type Growth
Geography: North America
AUM size >=$100m
Emerging fund manager Yes
Founded: 2016
Notable Portfolio Company Name: Sanctuary
Community Initiatives: No
HQ Country: Canada
Focus Industry: EnergyCarbon Removal & Emissions ManagementCritical Minerals
Investment Geography:North America
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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
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