New Technology

This brick is for companies that are ​developing innovative technologies that revolutionize industries. Think carbon capture and new materials (e.g. food, cosmetics, agriculture, or healthcare).

Critical Unlocks

1

Establish IP moats through, for example, patents and process design

2

Execute on clear roadmap to cost competitiveness vs. conventional technology and incumbents

3

Prove high technology readiness and demand for new technology early on

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

EstablishIP moats through, for example, patents and process design

Execute a clear roadmap to cost competitiveness vs. conventional technology and incumbents

Prove high technology readiness and demand for new technology early on and showcasing economical superiority of technology

For investors

Consider proven GTM strategy with commercial traction through offtakes and technical roadmap to cost competitiveness when investing

Support founders in early stages by, for example, helping them find relevant grants to apply for or by guiding them in identifying the most sensible path to achieve technology readiness

Set and track milestones for portfolio companies

For The Wider Ecosystem

Early public funding is critical for enablement – key for European countries to learn from the US

How many companies did we analyze for this data?

Seed
4
Series A
13
Series B
5
Series C
9
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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