🌎 As overall VC funding has dropped, climate VC remains on an upward trajectory—in the UK, it’s risen by 25% in a year. At Founders Factory, we’ve accelerated our commitment to founders finding innovative new solutions to the planet’s greatest problems.
Here’s some highlights from our FF Climate in 2023 👇
🌊 We started the year announcing Blue Action Accelerator, a dedicated programme to back founders in the ocean and coastal space. We’ve made our first five investments already, including
@ACUAOcean (hydrogen-powered data collection vessels) and Jeevan (a new direct air capture technology).
🚀 This isn’t our only new funding in the sector.
@UseGForce announced their Fund II, a $20m pre/seed climate fund. They’ve made their first two investments already—Powerex and Ki Hydrogen.
🪐 We also hosted our first Planet Positive Lab, a 10-week bootcamp supporting Oxford University based entrepreneurs to help them commercialise science-backed climate tech IP
Our existing portfolio has had strong fundraising success, including:
✈️
@dronamics raising a $40m pre-Series A
🫧 Matter raising a $10m Series A
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@MaterialsNexus raising a £2m seed round
🧴
@CollectiveBower crowdfunding £900k on
@Crowdcube
We’ve seen the first cohort of businesses around home decarbonisation spinning out of our
@nesta_uk Mission Studio. These are:
🏡
@furbnow—marketplace for home decarbonisation
🏠
@econestuk—sustainability-led property developer & landlord
⚡️ Carno—end-to-end solution for renewables installers
🛠️ Renbee—productivity & lead gen tool for renewables installers
@FASTWEB, one of our first partners in FF Italy, have also shown interest to build and invest around climate and sustainability. These include:
☀️ Gridshare—fractional renewable energy ownership
🔋
@CtrlEnergy—modular, recyclable battery solutions
💸 We’ve seen a growing intersection of climate and fintech, as startups exploring ways to fund, accelerate, and manage the transition towards net zero. These include Dovetail (helping investors manage transition risk), We2Sure (insurance for carbon credits), and Radiant AI (streamlining & tracking for green financing)
If you’re interested in learning more about our approach to climate tech and how we’re supporting founders, read our Thesis on Climate:
foundersfactory.com/articles…
#climatetech #climateVC #climateportfolio #startups —