# Corporate VCs backing Climate Tech (2026 list)

> 74 corporate VCs backing Climate Tech, 80% active in the last 12 months. Led by Salesforce Ventures, Coinbase Ventures, Endeavor Catalyst.

Source: https://millionrounds.com/lists/corporate-vcs-climate (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Corporate VCs backing Climate Tech

Updated 7 November 2026

Corporate VCs we have observed in a climate Tech round in the last two years.

[See all 74 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcorporate-vcs-climate)The top 25

**74** investors on the list No change this week

**698** cheques in 12 months *-9%* against the market

**$20M** median round they joined *+150%* against the market median

**80%** wrote a cheque in 12 months

**39%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) *Deploying now* Corporate VC · United States **649** **$26M** median round **Nov 2026** last seen
- 2 [Coinbase Ventures](https://millionrounds.com/fund/coinbase) *Deploying now* Corporate VC · United States **465** **$9.8M** median round **Nov 2026** last seen
- 3 [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) *Deploying now* Corporate VC · United States **318** **$30M** median round **Oct 2026** last seen
- 4 [Z Venture Capital](https://millionrounds.com/fund/z-venture-capital) *Deploying now* Corporate VC · Japan **200** **$10M** median round **Oct 2026** last seen
- 5 [Cisco](https://millionrounds.com/fund/cisco) *Deploying now* Corporate VC · United States **158** **$35M** median round **Sept 2026** last seen
- 6 [Deutsche Bank](https://millionrounds.com/fund/deutsche-bank) *Deploying now* Corporate VC · Germany **144** **$175M** median round **Nov 2026** last seen
- 7 [M Ventures](https://millionrounds.com/fund/m-ventures) *Deploying now* Corporate VC · Switzerland **143** **$15M** median round **Sept 2026** last seen
- 8 [Sony Innovation Fund](https://millionrounds.com/fund/sony-innovation-fund) *Deploying now* Corporate VC · Japan **142** **$10M** median round **Sept 2026** last seen
- 9 [Barclays Ventures](https://millionrounds.com/fund/barclays-ventures) *Deploying now* Corporate VC · United Kingdom **128** **$23M** median round **Oct 2026** last seen
- 10 [Rabobank](https://millionrounds.com/fund/rabobank) *Deploying now* Corporate VC · Netherlands **122** **$3.2M** median round **Nov 2026** last seen
- 11 [SE Ventures](https://millionrounds.com/fund/se-ventures) *Deploying now* Corporate VC · United States **112** **$16M** median round **Oct 2026** last seen
- 12 [Endeavor](https://millionrounds.com/fund/endeavor) *Deploying now* Corporate VC · United States **106** **$25M** median round **Sept 2026** last seen
- 13 [Microsoft](https://millionrounds.com/fund/microsoft) *Deploying now* Corporate VC · United States **105** **$50M** median round **Sept 2026** last seen
- 14 [Chevron Technology Ventures](https://millionrounds.com/fund/chevron-technology-ventures) *Deploying now* Corporate VC · United States **104** **$17M** median round **Sept 2026** last seen
- 15 [Nippon Venture Capital](https://millionrounds.com/fund/nippon-venture-capital) *Deploying now* Corporate VC · Japan **95** **$2.9M** median round **Jul 2026** last seen
- 16 [Rev1 Ventures](https://millionrounds.com/fund/rev1-ventures) *Deploying now* Corporate VC · United States **89** **$3M** median round **Mar 2026** last seen
- 17 [Protocol Labs](https://millionrounds.com/fund/protocol-labs) *Deploying now* Corporate VC · United States **87** **$4.3M** median round **Apr 2026** last seen
- 18 [Swisscom Ventures](https://millionrounds.com/fund/swisscom-ventures) *Deploying now* Corporate VC · Switzerland **83** **$17M** median round **Jul 2026** last seen
- 19 [Rainmatter by Zerodha](https://millionrounds.com/fund/rainmatter-by-zerodha) *Deploying now* Corporate VC · India **79** **$2.5M** median round **Nov 2026** last seen
- 20 [Bosch Ventures](https://millionrounds.com/fund/bosch-ventures) *Deploying now* Corporate VC · Germany **75** **$35M** median round **Oct 2026** last seen
- 21 [Axon Partners Group](https://millionrounds.com/fund/axon-partners-group) *Deploying now* Corporate VC · Spain **72** **$5M** median round **Jul 2026** last seen
- 22 [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) *Deploying now* Corporate VC · Saudi Arabia **60** **$27M** median round **Sept 2026** last seen
- 23 [Hitachi Ventures](https://millionrounds.com/fund/hitachi-ventures) *Deploying now* Corporate VC · Germany **59** **$31M** median round **Oct 2026** last seen
- 24 [TDK Ventures](https://millionrounds.com/fund/tdk-ventures) *Deploying now* Corporate VC · United States **56** **$27M** median round **Sept 2026** last seen
- 25 [ESA](https://millionrounds.com/fund/european-space-agency) *Deploying now* Corporate VC · France **55** **$1.1M** median round **Jul 2026** last seen

**49 more on this list**

All 74 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcorporate-vcs-climate)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Vensum Power](https://millionrounds.com/company/vensum-power)** Series A · $10M *Led by* [Eviny Ventures](https://millionrounds.com/fund/eviny-ventures)
- **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [Coinbase Ventures](https://millionrounds.com/fund/coinbase)
- **5** Nov **[Return](https://millionrounds.com/company/return)** Debt · $936M *With* [Deutsche Bank](https://millionrounds.com/fund/deutsche-bank)
- **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)
- **5** Nov **[altM](https://millionrounds.com/company/altm)** Series A · $10M *Led by* [Rainmatter by Zerodha](https://millionrounds.com/fund/rainmatter-by-zerodha)
- **3** Nov **[Conlio](https://millionrounds.com/company/conlio)** Round *With* [WaVe-X](https://millionrounds.com/fund/wave-x)

## Stages This Year

639 rounds

- Series A **18%**
- Venture **15%**
- Seed **14%**
- Series B **12%**
- Debt **10%**
- Other **31%**

## What They Backed

Sectors, last 12 months

- AI **219**
- Fintech **69**
- Energy **63**
- Web3 & Crypto **51**
- Big Data & Analytics **46**
- Climate Tech **46**

## Cheques by Quarter

Led Joined

175 Q1 25

181 Q2 25

224 Q3 25

244 Q4 25

229 Q1 26

182 Q2 26

165 Q3 26

36 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai)
- [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech)
- [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data)
- [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech)
- [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics)
- [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction)
- [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy)
- [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai)
- [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in climate and energy

- Taming the Sun: Innovations to Harness Solar Energy and Power the Planet Varun Sivaram · 2018 4.06 from 510 ratings on Goodreads Climate and energy Innovation About the book How solar could spark a clean-energy transition through transformative innovation--creative financing, revolutionary technologies, and flexible energy systems. Solar energy, once a niche application for a limited market, has become the cheapest and fastest-growing power… On AmazonListen on Audible
- Race for Tomorrow: Survival, Innovation and Profit on the Front Lines of the Climate Crisis Simon Mundy · 2022 4.22 from 207 ratings on Goodreads Climate and energy Innovation Company building About the book In this extraordinary journey through twenty-six countries, Simon Mundy meets the people on the front lines of the climate crisis, showing how the struggle to respond is already reshaping the modern world – shattering communities, shaking up global business, and propelling a… On AmazonListen on Audible
- The Elements of Power: Gadgets, Guns, and the Struggle for a Sustainable Future in the Rare Metal Age David S. Abraham · 2015 4.06 from 264 ratings on Goodreads Climate and energy Company building About the book Our future hinges on a set of rare metals that few of us have even heard of. In this eye-opening book, a natural resource strategist reveals the critical importance of these transformative elements to our technological lifestyle and the consequences of our reliance upon them,… On AmazonListen on Audible
- Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life in Organisms, Cities, Economies, and Companies Geoffrey B. West · 2017 4.11 from 5,764 ratings on Goodreads Climate and energy Company building Innovation About the book The former head of the Sante Fe Institute, visionary physicist Geoffrey West is a pioneer in the field of complexity science, the science of emergent systems and networks. The term “complexity” can be misleading, however, because what makes West’s discoveries so beautiful is… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=climate).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about corporate VCs backing Climate Tech

### Who are the most active corporate VCs backing Climate Tech?

By cheques observed, the most active are Salesforce Ventures, Coinbase Ventures, Endeavor Catalyst, Z Venture Capital and Cisco.

### How many corporate VCs backing Climate Tech are there?

74 are on record. 80% made an investment in the last 12 months and 39% have led a round.

### Which stages do corporate VCs backing Climate Tech back?

Of the rounds with a named stage in the last 12 months, mostly Series A (24%) and Seed (19%).

### How big are the rounds corporate VCs backing Climate Tech join?

The typical (median) round among the leading investors here is $17M.

### Which sectors do corporate VCs backing Climate Tech back most?

In the last 12 months, mostly AI, Fintech and Energy.

### Which corporate VCs backing Climate Tech lead the most rounds?

Salesforce Ventures (12 led), Barclays Ventures (5 led) and TDK Ventures (5 led).

### Where are corporate VCs backing Climate Tech based?

Among the most active, most are based in the United States (11), Japan (3) and Germany (3).

### What have corporate VCs backing Climate Tech invested in recently?

Recent rounds include Vensum Power (Series A, Nov 2026, with Eviny Ventures), Soter Insure (Series B, Nov 2026, with Coinbase Ventures) and Return (Debt, Nov 2026, with Deutsche Bank).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)