[Daba Finance] TLDR. : While global venture capital (VC) funding for startups has been slowing, investment in climate mitigation and adaptation startups continues to rise. Funding for climate startups grew from $340 million in 2019 to $1.1 billion in 2023, with the sector drawing over $3.5 billion in the last five years. In the first half of the year, climate tech firms received 45% of the $325 million raised by African startups, per TechCabal data. VCs in Africa see continued potential, with expanding interest in food production and disaster management.