Gravity is real and balance sheets do matter?
Kate Reznykova
July 20, 2022
local news 📰
🇬🇧 BoE has failed us all? The UK inflation rate rose to a fresh 40-year high of 9.4 per cent in June for the first time since 1982. The UK’s rate was again the highest among the G7 group of large advanced economies even before recent wholesale rises in energy prices are reflected in the inflation measure in October.
📊 Cost of living:
trending 📈
🌍 Climate tech investment trends since the Paris Agreement and great interest in hydrogen as Germany searches for alternatives to Russian gas
April 12 2022: Stripe, Alphabet, Meta, Shopify, and McKinsey launch frontier, a $925.0 million carbon removal fund dedicated to purchasing offsets from emerging technology companies
What is climate deep tech? Climate deep tech relies on venture capital to help scale up existing technology to reduce emissions. Some promising climate depth technologies include synthetic biology, direct air capture, solid-state batteries, and artificial intelligence, which have great innovation potential and enable sustainable growth.
Callouts in Q1 2022 include an increase in dollars financed “built environment” category (low-carbon cement, heating & cooling, and building efficiency). Q1 2022 saw $503.8million of investment in built environment compared to $905.7 million in all of 2021 and $351.2 million in 2020.
cash flow 🤑
Spinview, the visual intelligence startup helping businesses capture, connect and communicate large volumes of disparate data and transform it into accurate, accessible and actionable information, has raised £5.5m in a pre-series A
London-based fintech, Zazuu raises $2 million to build the world’s first non-biased payments platform
Oto Health secures £2.8 million Seed investment led by Octopus Ventures
Holibob, an innovative travel technology company solving the difficult challenge of collecting, curating, and distributing tours and attractions in a way that helps travellers easily find and book the ideal experiences for their trips, today announced it has raised $12M
twitter spotlight 🔦
A wild statistic on secondary rounds in 2021 and the FOMO factor for VCs:
Hopin’s founder and CEO made nearly as much money selling his shares on secondaries ($150M) than how much *revenue* the company generated throughout its lifetime.
What a bubble that market was…
— Gergely Orosz (@GergelyOrosz)
Jul 15, 2022
hot startup jobs🔥
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