Übermorgen Ventures: “The fundamentals of climate tech haven't changed”

צילום: Encore

“We will see a transition from climate tech as a vertical rather becoming a horizontal layer across multiple verticals,” says Jonas Hornung, Principal at Swiss early-stage fund Übermorgen Ventures.

Speaking to CTech at Calcalist, CTech and Bank Leumi’s Mind The Tech conference in Berlin, Hornung argued that despite perceptions that the sector has cooled, “the fundamentals of climate tech haven't changed,” noting that “we are encountering and still encounter extreme weather events.” However, he explained that adjacent verticals that fall under climate tech, such as supply chain resilience, energy, computing, and robotics, are all “experiencing currently tailwinds.” He further described the state of the industry as one benefiting from rapid innovation across AI discovery platforms, nuclear fusion, automation, and advances in computing.

Hornung noted that Übermorgen has situated itself across the full climate tech value chain, investing “early stage, predominantly pre-seed seed,” and “agnostic into the value chain of climate tech,” with a portfolio spanning “novel science, deep tech hardware” and “enabling software stack.” He added that the fund’s “semi-liquid evergreen” structure enables long-term partnership with founders while offering flexibility for limited partners.

On the policy side, Hornung called for government action to support the climate tech sector by accelerating deployment, including “faster permitting,” stronger market signals, and support for first-of-a-kind pilots facing the financing gap “Valley of Death.”

You can watch the entire exchange in the video above.