Our investor list features 95 smart green VCs in Europe that back startups in climate tech, energy, mobility, cities, materials, food and circular economy to generate impact and environmental, financial and strategic returns for their LPs. We also showcase portfolio companies we like. In the VC food chain, early stage investors prefer to invest, at lower valuations and higher risk, in the Seed and Series A of young startups working on product market fit and traction (customers, revenues). Late stage VCs join startup cap tables from Series B onwards, expecting more than €5M revenues, experienced management teams, positive unit economics and fast growth. Facing climate change, technology revolution and global competition, the majority of corporates are also active in corporate venturing and open innovation to invest in and cooperate with startups. Thus, VCs follow different investment strategies to build their portfolios that startups should know before pitching. The better the startup, the more VCs make an effort to get into the deal.