Which tech verticals are expected to see the most growth in terms of capital raised this year?

 

 

 

Over the past year, FinTech, cloud-computing software, e-commerce and HealthTech companies have grown rapidly in terms of capital raised, generally taking advantage of the move online and the associated opportunities resulting from COVID-19 restrictions.

Another area where we expect to see growth is ClimateTech – the intersection of technology and innovation with sustainability and prioritisation of the environment. The demand for ClimateTech certainly exists and, where there is demand, the supply and growth in companies and associated investment typically follow.

At a macro level, it is widely recognised that we need suitable alternatives to fossil fuels, and fast. The recent announcement from the International Energy Agency that, to reach net zero emissions by 2050, investors should avoid funding new oil, gas and coal supply projects, will inevitably lead to investment being focused instead on clean energy sources, electric mobility solutions and green utility providers.

We expect more countries to join the US, Germany and Poland in prioritising capital investment into renewable energy.

 

Goodwin Technology associate Adam Thatcher sees no reason why this will not continue, along with the growth of ClimateTech – the intersection of technology and innovation with sustainability and prioritisation of the environment.

 

Read more on tech verticals here

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