SVB's collapse could make it harder for climate startups to get the funding they need

• SVB's was a leading provider of venture capital to climate startups.
• The bank's crash left a financing gap in the climate-tech sector, founders told The New York Times.
• New lenders scrambled to set up relief funds for SVB's clients.

The fall of Silicon Valley Bank leaves a major financing gap for companies developing climate solutions like solar farms and carbon-removal technology. That could make it harder for startups to get funding and scale their operations.