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Green tech doesn’t have to sacrifice profits for impact, says Kiko Ventures

Green tech

From electric vehicles to vertical farming, green tech companies have an important part to play in the fight against climate change. But many investors have been deterred from backing these technologies, opting instead to fund businesses viewed as having a faster and higher rate of return, such as fintech or software as a service startups.

However, according to Arne Morteani, a founding partner at cleantech VC firm Kiko Ventures, the balance has changed. Green tech is becoming a lucrative industry in its own right and doesn’t have to sacrifice profitability to achieve its environmental goals.

“There used to be an impact discount in the last 15 years where a lot of things had some impact, but they weren’t great businesses. That has flipped now,” Morteani tells UKTN....