Something significant is happening in smart building investment. Climate capital, the money that funds the technology used to decarbonize our buildings, is shifting. Not dramatically, not overnight, but measurably and consistently. From the US toward Europe. And the data from our latest startups report tells the story clearly. In our latest, subscriber-only video, we break down some of the findings from our Smart Building Startups 2025 report and ask a critical question: why is climate capital moving from the US to Europe? The State of the Smart Building Startup Market In 2025, $6.5 billion was invested across 281 funding rounds in smart building startups globally. That sounds healthy, until you notice it represents a 14% drop in total value and a 5% decline in the number of rounds compared to 2024. More striking still: only 11 new smart building startups were founded last year. At the peak in 2016, that number was 195. The startup […]