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Laxman Pai, Opalesque Asia: Impact startups raised US$35 billion in venture investment in 2022 so far, down from a record US$68 billion in 2021, but already above the amount raised over the whole of 2020, said a study.
According to a research report based on Dealroom's Impact Database, the total figure for 2022 will reach more than $47 billion - representing a 30% drop year on year.
Impact startups remain collectively valued at more than US$2 trillion and "impact unicorns" have reached 200, the report said.
"The sheer size of impact tech may be a surprise to some - the combined value of impact tech companies is over $2 trillion. While the total value of these companies has fallen slightly in 2022, the ecosystem includes public companies, which have been exposed to volatile markets this year. Nevertheless, the ecosystem has grown 64% since the end of 2020," it explained.
Where other sectors struggled to maintain the momentum from 2021 in terms of Unicorn creation, 200 impact companies founded since 1990 have become unicorns, 26 of which became unicorns in 2022, it added.
Europe is the region with the highest share of impact funding as a total of VC investment at 18% followed by the US (8%) and Asia (4%). However, the US attracts the highest amount of impact funding ($69 billion) compared to other geographies and just a bit higher than European investment ($35 billion).
European impact startups are however catching up with the US on VC inve...................... To view our full article Click here
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