The under the radar venture lab building deeptechs to save the planet
In the heart of London Docklands, a venture lab harbors a group of brilliant minds focusing on innovative solutions to combat climate change. Unlike typical tech startups, this lab is filled with scientists donning lab coats, conducting experiments rather than coding away at desks.
One such venture, Syntetica, has recently secured $30 million in funding led by EQT. This company is working in collaboration with global fashion brands like Victoria's Secret and Etam, showcasing the potential of their decarbonization technologies. Meanwhile, Amazon is actively seeking startups with promising climate tech solutions for pilot programs within its European operations.
The geopolitical landscape may also play a role in boosting Europe's climate startups. Reports suggest that some venture capitalists are already witnessing an uptick in sales for climate-focused startups, potentially influenced by international events such as the Iran war.
Written by urgent.news from Sifted's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
