Metrics that Matter for Climate Deep Tech at Series A & B+
Deep tech doesn’t scale like software, but it still gets funded on metrics.
At the Series A and B stage, deep tech, climate, and hardware companies operate under a different set of constraints: longer development cycles, capital-intensive scaling, and milestones that don’t always translate into traditional venture benchmarks. Founders are often navigating first-of-a-kind deployments, regulatory complexity, and evolving business models — all while being evaluated through a metrics-driven lens.
This session will focus on how to think about milestones and metrics in the context of raising equity at the most challenging points in the venture lifecycle.
Moderated by Dimitry Gershenson, CEO of Enduring Planet, this conversation will include:
Hannah Friedman, Founder, Lupine Finance
Supratim Das, VP of Finance, Electrified Thermal Solutions
Laurie Menoud, Founding Partner, At One Ventures
Noah Geeves, Head of Portfolio and Partnerships, Deep Science Ventures
This event is sponsored by Wilson Sonsini Goodrich & Rosati.
We’ll cover:
What milestones actually unlock Series A vs. Series B in deep tech and climate
How to think about revenue, margins, and capital efficiency when scale is non-linear
Metrics to track early for hardware, infra, and first-of-a-kind deployments
How investors evaluate progress when commercialization timelines are long
What “good” looks like across different deep tech business models
The goal is to be candid, practical, and grounded in real examples — so founders and investors can better understand how to frame progress, manage expectations, and navigate fundraising with clarity.