TLDR:
- Clean Energy Ventures closes a $305 million fund to invest in climate tech startups.
- The fund aims to mitigate 75 gigatons of emissions by 2050.
Article Summary:
Clean Energy Ventures (CEV) has announced the closure of an oversubscribed second flagship fund totaling $305 million. The fund will support early-stage climate innovations in North America, Europe, and Israel, with a focus on mitigating greenhouse gas emissions. With a team comprised of scientists and engineers, CEV takes a technology-first approach and emphasizes the importance of quantifiable climate impact alongside financial performance.
CEV’s investment thesis requires each funded company to be capable of mitigating at least 2.5 gigatons of CO2e emissions between the initial investment and 2050. The firm works closely with its portfolio companies to commercialize their technologies, leveraging a team of experienced investors and industry experts for support.
Since the early days of Cleantech 1.0, CEV has been at the forefront of funding disruptive companies in the climate tech landscape, spanning sectors such as renewable energy, energy storage, and carbon capture. The firm has a 15+ year track record of growing climate tech companies and works alongside over 70 strategic co-investors.
With the launch of Fund II, CEV has expanded its operations to Europe and established offices in London to tap into the region’s growing climate tech sector. The fund has already made investments in companies like Noon Energy, Evari, and Nitrofix, with upcoming announcements about additional portfolio additions.
CEV’s approach goes beyond standard venture capital, providing hands-on guidance to its portfolio companies in areas such as leadership coaching, strategic marketing, and engineering support. The firm’s goal is to support more early-stage companies with innovative approaches to decarbonization and contribute to building a decarbonized economy.
