Clean tech 2.0

Investment in clean tech reached all-time highs in 2020 [AngelList Logo]( [View Online]( [Investment in clean tech soars]( Antonio Garcia No matter where you look, there’s good news for clean tech startups this year. The sector is enjoying a [renaissance of funding]( after nearly a decade of stagnation, with more—and more types of—startups benefitting from renewed investor appetites for renewables. Total overall VC investment in the sector hit a record $16.4B in 2020, a trend that’s also reflected in [activity on AngelList](. Companies are taking advantage of new funding mechanisms, too, with dozens of companies announcing [mergers with SPACs](. It’s not the first time Silicon Valley got fired up over clean tech. The last time, VCs [lost billions]( in investments and shifted to new areas. But some say things are different this time, with Bloomberg proclaiming, “[Clean-Tech Investment Isn't Just a Bubble This Time]( What’s different? For one, the cost of renewable technology has dropped precipitously, creating more realistic business models for everything from sustainable food to wind farms. Meanwhile, demand is up, driven by growing numbers of nations and corporations [committing to achieve net zero emissions](. In recent weeks, the U.S. announced a [multi-billion dollar effort]( to boost clean energy development and BP took [center stage]( at a major oil and gas conference to announce plans to reduce its carbon emissions 30% to 40% in 10 years. Also, [mega-funders]( entered the fray in recent years. Bill Gates and billionaire friends like Jeff Bezos and Richard Branson so far raised $2B for companies that can remove 1% of the world’s annual greenhouse gas emissions. (Gates himself [invested]( in an Israeli startup producing hydrogen energy.) Some industry watchers note that [Silicon Valley had little to do with]( major gains over the past decade (with Tesla being one [notable exception]( despite promises from investors that green tech would be “[bigger than the internet]( Startups hope [Clean Tech 2.0]( will produce a different story. [View Story]( Hot startups hiring now 🔥 [Alt]( - Increasing the transparency and liquidity of alternative assets. [Explore 8 jobs](. [Kernel]( - A new era of neuroscience is here. [Explore 8 jobs](. [Blend]( - Better lending for all. [Explore 93 jobs](. [Boostup.ai]( - Connected data intelligence for customer facing teams. [Explore 6 jobs](. Funding and acquisitions Neighbor, [a Utah-based self-storage marketplace]( raised a $53M Series B led by Fifth Wall. The company connects people who have unused space in their garages, attics, basements, and driveways to renters looking for affordable storage. Neighbor, which previously raised $10M, plans to expand nationwide and serve commercial and residential property owners. Cityblock Health, [a Brooklyn, N.Y.-based healthcare provider for Medicaid and lower-income Medicare beneficiaries]( raised a $192M Series C extension round led by Tiger Global. The company partners with community-based organizations and health plans to deliver medical care, behavioural health, and social services virtually, in-home, and in community-based clinics. Cityblock Health previously raised $308M and plans to expand nationwide. Pacaso, [a six-month-old startup disrupting the traditional timeshare model]( raised $75M in a round led by Greycroft and Global Founders Capital. The company aims to bring together a small group of co-owners to purchase a share of a single-family home. Pacaso plans to expand across the U.S. SuperRare, [an NFT art platform founded in 2018]( raised a $9M Series A led by Velvet Sea Ventures and 1confirmation. The company manages a market for artists to sell single-edition works and innovated a way for artists to earn commission on resales. AngelList Weekly 90 Gold St San Francisco, CA 94133 [Unsubscribe]( | [Update preferences](