Greentown Labs Secures $1 Billion to Propel Climatetech Innovation and Entrepreneurial Growth

Greentown Labs, the nation’s leading nonprofit and largest climatetech startup incubator in North America, is thrilled to announce a groundbreaking milestone: the successful raise of $1,000,000,000 to further accelerate its mission of driving climate innovation. Since its founding in 2011, Greentown Labs has been synonymous with empowering entrepreneurs and fostering collaboration in the climatetech ecosystem—a community that now spans two major hubs in Somerville, Massachusetts, and Houston, Texas. In doing so, Greentown has become the lifeblood of over 200 active startups, while having played a pivotal role in nurturing more than 575 companies that have collectively generated over 13,500 jobs and attracted upwards of $8.2 billion in funding. This unprecedented capital injection is set to expand Greentown’s capacity to serve as a catalyst for transformative environmental solutions, offering enhanced support programs, state-of-the-art facilities, and extensive networking opportunities. By investing in breakthrough technologies and fostering an environment of collaboration, the new funds will help entrepreneurs navigate the complex challenges of climate change and accelerate the journey from innovation to commercialization. Greentown Labs remains steadfast in its commitment to not only empower visionary founders but also to create a sustainable future where economic growth and environmental responsibility go hand in hand. As this historic funding round propels the organization into its next phase of growth, Greentown Labs invites stakeholders, investors, and changemakers to join them in forging pathways toward a cleaner, more resilient planet.