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