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Sustainable start-ups raise record £2.3bn

Sustainable start-ups raise record £2.3bn

Analysis shows that start-ups which focus on the environment and other sustainable development have benefitted from a surge in investment, raising a record £2.3bn this year.

This marks a jump on the £1.71bn recorded last year and £1.57bn raised in 2019. The analysis from data provider Dealroom and the UK’s Digital Economy Council looked at impact start-ups in areas covered by the UN’s 17 Sustainable Development Goals, including health, security, climate change and energy scarcity. The UK has hosted 164 impact finance rounds this year, compared with 58 in Sweden, 75 in France, 99 in Germany and 476 in the US.

The report shows that while total investments in the UK hit £2.3bn, businesses in Sweden attracted £3.3bn. German impact start-ups raised £2.4bn, while French impact starts-up brought in £1.42bn. US impact start-ups led the way, raising £20bn in investments.

Read more: The Times

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