Moonshot

This brick is for companies that are ​launching highly game-changing science fundamental to the way entire sectors work. Think fusion and quantum computing.

Critical Unlocks

1

Ensure grants and public funding throughout the journey – given long time to first revenue

2

Prove technological readiness, drive R&D, and establish IP moats like patents

3

Lock in key commercial partners and customers, like large governmental or industrial off-takers

Commercial
Product &
Offering
Technology
Value Chain
Execution
Relative level of challenge for founders
Low
High

Example Companies

how to read the brick

1

Brick

​One out of seven bricks, each with unique milestones

2

Critical Unlocks

Three most important aspects throughout the scaling journey for climate tech companies to secure financing and support scale

3

Funding Rounds

Milestones reached before securing financing in each funding round, e.g., milestones in column “Series A” typically reached before securing financing in Series A round

4

Capital Stacks

Typical distribution of capital (equity, debt, grants, and project financing) raised in each funding round

5

Dimensions

Dimensions which different milestones are mapped to, covering the most important themes for fundraising and scaling

6

Milestones

Typical milestones to have in place ahead of each funding round to secure financing and support scale

What are the key takeaways to consider?

For Founders

Secure grants and public funding throughout the project, considering the long time to first revenue

Demonstrate technological readiness, conduct R&D, and establish intellectual property moats, such as patents

Engage key commercial partners and customers, like large governmental or industrial off-takers

For investors

Prioritize investments based on proven technology development and indication of commercial traction through, for example, offtakes

Support founders in early stages by, for example, helping them find relevant grants to apply for or by providing access to valuable connections and customers

Set and track milestones for portfolio companies

For The Wider Ecosystem

Early public funding is critical for enablement (grants and guarantees) – stay close to the founders, understand the potential applications, and drive bold policies to support them

How many companies did we analyze for this data?

Seed
7
Series A
14
Series B
8
Series C
2
Series D+
1
Total
32

We reviewed more than 4.000 companies to ensure the bricks reflect successful scaling journeys

Discover our process

Relevant Stories

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