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We take a look at some of Europe’s hottest climate-tech startups trying to make the Earth a little warmer and a little greener.
As the climate crisis worsens by the day and governments around the world scramble to curb it with multiple promises and policies, technology is one of the most important assets to combat the human phenomenon.
Especially in Europe, which has strict climate goals in the world, climate technology startups are finding unique solutions to many problems that cause damage to the environment at an accelerated pace.
Here we look at 11 European startups looking for innovative ways to help businesses and governments tackle the climate crisis with technology.
Altruistic
London-based Altruistiq is a SaaS platform that helps large and complex enterprises automate sustainable data scaling, management and exchange. Its mitigation engine aims to help companies with accurate data reporting, supply chain integration and ultimately reduce carbon emissions.
The climate technology startup has raised £15 million in a July seed funding round led by Moulton Ventures and backed by Norrisken, Greg Jackson, Mudassir Sheika, Sir Ian Cheshire, Nikolaj Restruf and Siraj Khaliq, among others.
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Riding the wave of demand for EVs globally, this Bristol-based start-up is developing new technologies to improve the performance of EV batteries. By incorporating graphene into the main battery electrode materials that store energy, Anafit aims to extend battery life, improve charging speed, reduce emissions and lower production costs.
Just last week, the start-up, a UK-based investment service for high-net-worth individuals, raised nearly £1 million from clients of Wulz Club and received tax relief for investors under the Enterprise Investment Scheme.
Blue world technologies
Breakthrough Energy Ventures, recently founded by Bill Gates, is Blue World Technologies on a mission to advance methanol fuel cell technology through R&D and mass production. Methanol fuel cells serve as an alternative to fossil fuel-based combustion engines. Based in Aalborg, Denmark, this climate technology startup has raised €37 million in Series B funding in December 2021.
Clean food group
It’s no secret that palm oil, found in most packaged foods today, is harmful to the environment. The UK-based Clean Food Group is on a mission to curb the production by developing a sustainable alternative using yeast. The lab-grown, cellular-based alternative technology was developed over an eight-year period at Battery University.
Last month, the food tech announced that it had raised €1.96 million in a seed round led by Agronomics to bring its technology to market.
Data
Datia is a Swedish fintech that aims to help investors transition to sustainable finance. It has developed a platform that performs sustainability calculations for hundreds of data points, such as carbon footprints, the gender pay gap, and energy use across companies and funds. Works with asset managers, wealth advisors and platforms to measure impact of portfolios, regulatory reporting and screening.
In the year Launched in 2020, the platform has acquired large clients — including Spieltan Funder, Alkur Funder and Atlanta Funder — with more than $100 billion in assets under management. It raised $3.4m in a seed funding round led by Nauta Capital in June.
Dryad
Wildfires are one of the most devastating effects of the climate crisis, and early detection is key to preventing major damage. German startup Dryad aims to solve this problem with solar-powered environmental sensor technology. Climate-tech startup Sylvanet, an end-to-end forest monitoring system that uses low-cost sensors and a cloud analytics platform, has been in development for more than two years.
Last week, the company announced it had raised €10.5 million in Series A funding led by eCapital and backed by Toba Capital, Semtech and Salesforce co-CEO Marc Benioff’s Time Ventures.
Talam Biotech
IT Carlow spin-off Thalam Biotech was formerly known as Microgen Biotech. It develops microbiome technology that prevents the accumulation of heavy metals by crops grown on contaminated soil. Co-founded by Dr. Zumei Germaine, Talam achieves this by working directly on the soil to break down pollutants and support the growth of good bacteria to return areas to fertile soil.
The Business Post reported in May that the startup was raising €4.8m in a new funding round, bringing its total funding to date to over €12m. Founded in 2012, Thalam raised €3.47m in a May 2020 funding round.
Normal
Normative, another Swedish climate-tech startup, has developed a carbon accounting engine to measure and reduce emissions by providing accurate data across their supply chain. Powered by the Emissions Database, the company aims to set a new standard for emissions accounting with scientific accuracy. It has partnerships with several climate crisis organizations, including the United Nations.
The company announced in July that it had raised €31 million in a Series B funding round to expand its services.
QLM technology
This Cardiff-based photonics startup is on a mission to accurately measure greenhouse gas emissions using a new type of lidar camera based on quantum technology. Gas modeling enables customers to monitor, locate, and accurately locate and identify greenhouse gas emission sources for rapid remediation.
QLM announced last month that it had raised £12 million in Series A funding led by US energy and oilfield services company Schlumberger.
Torizon
Amsterdam-based Torizon is a startup working to develop a new generation of nuclear power plants. Led by founder Lucas Poole, it is advancing a molten salt reactor that combines long-lived waste with abundant metal thorium as fuel. Nuclear research and consulting group Vortex, Torrizon, says this will make the reactor an important contribution to the sustainable and carbon-free energy supply.
Torrizon raised €12.5m in funding led by Positron Ventures and Impuls Zeeland last month to further develop the reactors and carry out necessary tests.
Viotas
Viotas, formerly known as Electricity Exchange, is a smart grid technology company that allows more renewable energy to be used on the grid. In the year Founded in 2013 by Paddy Finn and Duncan O’Toole and now partnered with Bord Na Mona, the technology allows customers to get paid for participating in demand response services.
The company will open its first international office in Melbourne in 2020 and announce a further 60 jobs.
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