Climate tech startups report flood of customers, but funding is trickling in

THE pandemic years were “really quiet” for Green Koncepts, a startup whose digital platform measures energy efficiency in buildings. But since Covid-related restrictions were lifted this year, chief executive Kenneth Lee said enquiries have been coming in at a rate of 5 times what he had experienced in 2020.

“The balance has shifted a bit, and people are more willing to spend some money to be a part of the sustainability initiative,” said Lee, who started Green Koncepts in 2011 with funding from the National Research Foundation.

Terrascope, the climate-focused venture arm of commodities trader Olam Group, has seen similar strength in demand.