As mega-rounds become rarer, energy startups are powering up
The largest funding rounds raised by startups are becoming rarer and rarer. For upstart companies working on the future of energy, however, the market is surprisingly strong.
The venture deceleration, and its late-stage glaciation, are not stopping the companies that want to reinvent energy from raising huge rounds. Given what we’re seeing around the world, it’s a welcome fact, even if it does feel a decade or more too late.
Powering up
Nine-figure rounds are often called “mega-rounds” due to their massive heft.…