VFBATTERY REPORT

Finance

Pages 50–67 (18 pages)

Battery Report 2025, page 53: Finance
Text on page 53

Private Capital Market Investors $100bn of total private climate assets under management AUM) across 100 Early-stage VCs, Corporate VCs, Growth Equity, Infrastructure, and Private Equity funds in 2025.

Investment Characteristic

Early Stage VC

Corporate VC

Late Stage VC / Growth Equity

Private Equity

Infrastructure

Sovereign Wealth Fund / Pension

Early-Stage venture investments into pre-revenue / pre-product fit companies Seed – Series A

Early-Stage investments. Likely synergies with VCʼs corporate parent. Corporate VC helps in validating new technologies

Revenue generating companies pre-earnings with revenue backlog Series B Series D

Control investments into mature companies with defined cash flow profile and clear customer relationships

Asset heavy project based financing supported by long term offtake contract

Patient long term investors with a national mandate to progress climate sustainability

Investor Base Clean Energy Transition

Source: Press Releases, Sightline Climate Distinguished Partner)

Extracted from the PDF; charts and images may read imperfectly.

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