Zero
How Climate Tech Startups Survive Without SVB
The bank’s collapse has created difficult questions for climate startups that want to grow quickly and need lots of cash.
Signage at a Silicon Valley Bank branch in San Francisco, California, US, on Monday, March 13, 2023.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
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Less than a month ago, Silicon Valley Bank, or SVB, had a solid reputation as a climate bank. It served innovative climate tech companies, lent to small solar projects and counted as customers more than 1,500 firms doing climate and sustainability work.