Why climate tech startups need to find ways to make it rain

More: GoTo’s private placement and GXBank’s new insurance partnership. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - What needs to be done to [address the climate tech funding gap]( - The top lenders to SEA’s and India’s tech companies - GoTo’s private placement of shares - Other newsy highlights such as GXBank’s insurance partnership --------------------------------------------------------------- Hello {NAME} Climate change is a real and scary problem. Here in Singapore, the days have been blistering hot recently. I don’t remember the weather being this scorching 10 years ago, and I worry about what the world will be like for future generations. Is it going to be some Mad Max-esque wasteland? That’s why climate tech startups are so important. While we have the science to create some truly transformative solutions, these companies still need money to turn their visions a reality. However, the public sector alone can’t support this growing industry, and this is where the private sector needs to step into the picture. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Climate tech has a bankability problem, but there are 3 ways to fix that]( The complex nature of climate tech - coupled with the risk involved in backing it - makes it a tough sell for many VC firms. --------------------------------------------------------------- TRENDING NEWS [Grab-led GXBank teams up with Zurich to offer affordable insurance]( The initial product, slated for launch in Q3 2024, aims to safeguard customers from unauthorized transactions resulting from cybercrime. [GoTo eyes private placement of 120.1 billion shares]( According to a disclosure on the Indonesian Stock Exchange, the tech firm will use any proceeds raised for working capital and debt repayment in the future, if any. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [The top lenders to SEA’s and India’s tech companies]( Debt may be in vogue among tech companies in Southeast Asia and India. Investors are set to tap the demand. --------------------------------------------------------------- SAIGON SUMMIT 2024: CHARTING VIETNAM’S TECH FUTURE Limited time offer - enjoy big savings of up to 40% off on tickets! Vietnam's burgeoning tech scene is the place to be! Get your ticket to Saigon Summit, which will have attendees both from within Vietnam and across Southeast Asia - reflecting the market’s undeniable potential. 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