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Founders and venture capitalists have taken an interest in greener manufacturing. The space emerged as a popular theme, even amid a toned-down funding climate last year, with more than $10 billion invested globally across the larger rounds, per an analysis of Crunchbase data.
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So far this year, nearly a billion dollars (US$) in seed through growth-stage funding has gone to Canadian startups in sustainability-focused industries tracked in the Crunchbase dataset.
San Francisco- and London-based Aiolos Bio, a newly launched startup with an asthma drug in clinical trials, announced that it raised $245 million in Series A funding.
Funding to European startups reached $16.4 billion in Q3 2023 — up by 28% quarter over quarter and flat year over year.