Connor Bilboe

European sustainability startups raised nearly €11bn last year — and that momentum has continued into 2022 for Europe’s planet positive companies. €2.8bn was thrown at green startups in the first quarter of 2022, just slightly less than the €2.9bn raised in Q4 2021, according to data from Dealroom. 163 startups raised funding this quarter — just a tad lower than the 190 startups raising the quarter before.

European sustainability startups raised nearly €11bn last year — and that momentum has continued into 2022 for Europe’s planet positive companies. €2.8bn was thrown at green startups in the first quarter of 2022, just slightly less than the €2.9bn raised in Q4 2021, according to data from Dealroom. 163 startups raised funding this quarter — just a tad lower than the 190 startups raising the quarter before.

Many startups, especially on the consumer side, will have to deal with packaging at some point, whether they’re focused on meal kits, grocery delivery or something else. But the production of non-sustainable packaging, such as single-use plastics, keeps chugging on. The most recent report by Plastics Europe found that the continent produced 55 megatonnes of single-use plastic in 2020.