Europe’s climate tech startups raised $2.3bn (€2bn) in the first quarter of this year — the lowest total since Q3 2020, according to Dealroom data.  Behind the headline figure lies a complex mix of growing pains, shifting investor focuses, and broader VC market dynamics, experts told TNW. More specifically, they said the slowdown stems from a blend of market maturity, strategic repositioning, AI’s outsized pull on capital, and a tough exit environment.  “If we use the narrative of Dunning-Kruger Curve, we are at a slope of despair in climate now, at least for investors,” Rokas Peciulaitis, founder and managing partner…

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