China’s startups hit by 50% drop in Series A deals due to coronavirus. As our world is shaken in the most dramatic way imaginable, it is time for our global startup community to get closer, support, and learn from each other. Some of us remember the crash of 1987 and the dot-com bubble burst of 2000, in addition to the 2007 financial crisis. Not only is its human impact horrible, but the current economic crisis is more sudden and can easily end up being worse.
Climate tech investment in Europe has grown 7x in the past five years, over the global average of 4.9x. Sustainability-focused VCs in Europe have raised $1.8bn this year so far, which includes the €350m fund by Ecosia-backed VC firm World Fund.