Seattle area rakes in $1.68B in ESG deals for the year
Private investors are putting their money where their values are, which, alongside profitability, also appears to be sustainability in the Seattle area.
As of September, the Seattle area was still one of two major metropolitan areas in the country to see year-over-year growth of ESG-related dealsmaking in 2022. In the fourth quarter of last year, 10 deals in late venture capital or private equity were made by ESG-related businesses in Seattle. The ESG-related deal value is $15.7 billion nationwide so far this year. This is down from $26.3 million in 2021 which was a record. Heisler stated that the demand for innovative solutions from Seattle to address the world's environmental problems will remain strong due to significant tailwinds from climate adaptation spending and government-backed reshoring efforts.