Marceta Partnerbase
Agentic AI for investors in climate technologies
Updates
Corporate investors in different countries are taking different approaches to climate tech investing.
Heavy US Investment
Corporate investors from these countries put most of their climate tech capital into US startups:
- Denmark: 96% to US
- Brazil: 91% to US
- Canada: 84% to US
- South Korea: 81% to US
- Japan: 67% to US
Domestic and Regional Focus
Other countries keep their capital closer to home:
- Spain: 99% non-US, mostly within the EU
- Turkey: 75% domestic
- United Kingdom: 69% domestic, only 16% to US
- Switzerland: 80% non-US, mostly EU
AI-Driven Analysis Approach
As the CVC database expanded to approximately 300 entries with hundreds of mapped pilots and offtake deals, manual analysis became impractical. We adopted agentic AI coding systems—primarily Claude Code and OpenAI Codex, with testing of Google's Antigravity—combined with Python and file-based memory for research at scale.
One orchestrated agent workflow operated for approximately one week using a Python-based system with up to 30 parallel agents.
Climate Tech Database Coverage
The database now encompasses five investment activity areas:
- 600+ global CVC investment units
- 1,100 corporates investing as LPs in climate tech funds
- 7,000+ climate tech-related pilots, offtake deals, and startup partnerships
- 6,000+ climate tech startups and scaleups
- Over 800 VCs that are climate tech-focused or adjacent
Deal Trends and Investor Preferences
In 2025, later-stage funding (Series C+) represented more than 50 percent of total equity capital in CVC-inclusive rounds.
Despite overall decline in 2025 total funds raised in CVC-participating rounds, Series A round values increased notably.
Sector-Specific Investment Patterns
Automotive Sector
CVCs continued EV investments despite declining deal counts versus 2024. Other top verticals: manufacturing, AI, robotics, and software.
Utilities Sector
CVCs increased participation in gridtech, robotics, energy efficiency, and energy storage.
Food and Beverage
Companies reduced funding participation in their own sector but increased agtech, biotech, and automation investments.
Climate Tech Growth Verticals
CVC deal count growth areas (2025 through mid-November vs. 2024):
- Battery Storage
- Gridtech and Power Management
- Nuclear
- Logistics and Warehouse Tech
- Material Innovation and Nanotech
- Marine Technology
- Mining Tech
- Building Materials
- Insurance Tech
- Aerospace
- Additive Manufacturing
- Chemicals
- Geospatial Imaging
Corporate Limited Partner Participation
Approximately 70 percent of 1,600 tracked global corporate investors participate in climate tech funds as limited partners. Roughly 10 percent maintain both CVC and LP positions.
Commercial Partnership Activity
Nearly 60 percent of tracked companies with CVC units also engaged in pilots, offtake deals, or other partnerships (go-to-market agreements, joint ventures) in climate-related technologies.
Cross-Border Capital Flows
Approximately 72 percent of 2025 CVC deal participation involved startups outside their corporate headquarters' country.
Country-specific patterns:
- Higher cross-border: Japan, Norway, Netherlands
- Higher domestic focus: US, UK, Sweden, Turkey, South Korea
Despite US federal climate policy retreat, capital flows to the US remained stable in 2025 relative to 2024, declining only marginally.
Fastest-growing corridors: EU-to-EU transactions and EU-to-UK flows.
Insight for founders and VCs: maintain broad funding source views across countries; analyze CVC flow trends for fundraising prioritization.
Future Developments
Current projects include:
- Matchmaking AI agents for CVC/VC analysis of startup investment, pilot, and offtake opportunities
- Co-investor discovery agents recommending investment partners
- Vertical AI agents specializing in industrial decarbonization, urban climate resilience, and energy regulation
- Analyst productivity enhancement tools