Greentech is one of Europe’s biggest growth areas this year. It’s an innovation vertical that has the potential to shape and influence our future, and investors and innovators are actively promoting development in this sphere.

Greentech refers to the use of tech that has a positive environmental impact at its core. It refers to those companies that are founded for a wider purpose – it could be reducing carbon emissions, tackling pollution, minimizing waste, protecting the world’s ecosystems or anything that contribute to making life on earth more sustainable and less harmful. 

From reducing food waste and using blockchain and carbon credits, to developing new sustainable renewable energy sources, there is a myriad of tech development in the greentech space. It’s an innovation space that is full of exciting developments that are ripe and ready to make the planet a healthier, happier place, whilst also bolstering profits and financial gains. 

One major area is in supporting Europe’s energy transition, helping reach the continent’s target of being Net Zero by 2050. It’s a commitment that was created by the governments in Europe, and startups have become a driving force in achieving it. 

We wanted to put a spotlight on the greentech space, give an overview of all the exciting developments going on and put these innovators and disruptive startups on a well-deserved pedestal. So, here is your monthly greentech report, covering all the deals and news headlines from September 2022. 

According to Dealroom, greentech startups based in Europe raised a total of €1.1 billion, in 59 transactions in the month of September – it’s an incredible sum of money and it reflects just how important impact innovation is becoming. Innovation in renewables and clean energy took up the biggest chunk of that investment, followed by those bringing about new approaches to Electric Vehicles, with sustainability and carbon reduction initiatives taking 3rd place in terms of funding amounts.

We saw two very exciting investment funds crop up that will focus on greentech. 

There was a lot of money raised, plenty of deals and movement, new launches and acquisitions going on this past month. Here are 5 startups that had a September to remember and caught our attention: 

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