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Climactic Launches Hybrid Fund to Help Climate Tech Startups Survive the 'Valley of Death'
Key Takeaways
- Material Scale combines venture capital and project finance to fund climate tech startups through the manufacturing scaling phase
- The fund initially targets sustainable apparel technologies that struggle to move from lab-scale to commercial production
- Fashion is responsible for up to 10% of global carbon emissions but has been slow to adopt scalable sustainable alternatives
- The hybrid structure lets startups fund manufacturing buildouts without excessive equity dilution
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DT Editorial Team··5 min read·via techcrunch.com