News
Climactic Launches Hybrid Fund to Help Climate Tech Startups Survive the 'Valley of Death'
A new initiative called Material Scale combines venture capital and project finance to help climate technology startups bridge the perilous gap between prototype and commercial production. The fund will initially target the apparel industry's sustainability challenges.
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 AI··via techcrunch.com