Heres the kicker about ClimateTech: the ClimateTech garden and its supporting ecosystem was thoroughly uprooted by the fall-out from the Financial Crisis. Thank you for the amazing hosts of events I got to participate Enduring Planet Dimitry Gershenson BMW i Ventures Allen Chen Lowercarbon Capital Shawn Xu Crusoe Ramen Mafia Piva Capital Roxanne Tully Ricardo Angel Playground Global Taggart Bonham Climate Draft Jonathan Strauss Third Sphere Shilpi Kumar Stonly Baptiste Blue ClimateRaise Honda Innovations Adam M. Beal Scrum Ventures Bobby Shogren Climate Vine Brian Sheng - etc. http://dlvr.it/Sn08p3, Founder-Editor, Women Shine | Net Zero Fellow | Co-Founder- Crimansqua Ventures | POSH Trainer, World's Largest Women's Safety Programme by SPEFL-SC. We invest globally in breakthrough technology startups that can. Frontier climate tech | EIR at Lifeline Ventures | Founder at Survivaltech.club. Three minutes of mindfulness can have a lasting impact on your day. If you would like to customise your choices, click 'Manage privacy settings'. SAN FRANCISCO, CA, April 19, 2023 Congruent Ventures, an early-stage climate and sustainability venture firm, today announced the close of its first Continuity Funds focused on quickly scaling its early-stage portfolio with more than $300 million in commitments, highlighting the interest of institutional investors seeking exposure to climate venture despite a challenging fundraising environment. Safety, Quality, Environment; and If we see an opportunity to partner with a like-minded team. Experienced early-stage CleanTech venture fund partners threw in the towel and retired to ranches in Wyoming. +33 3 20 66 39 00. The firms is looking at seed through Series B, with select late-stage opportunities.. Early-stage venture firms help their investees with their wider web of connections and provide guidance on strategy, personnel, and organization. Inbox your query with your name and contact number and we will get in touch. If I was a climate startup, I'd call Joshua Posamentier, Abe Yokell and Congruent Ventures first. Early-stage climate and sustainability venture firm Congruent Ventures recently announced the closing of its first Continuity Funds focused on quickly scaling its early-stage portfolio with more than $300 million in commitments, which highlights the interest of institutional investors seeking exposure to climate venture despite a challenging We are developing the next generation system to produce biochar, a powerful soil amendment that helps to sequester atmospheric carbon. But god, it is worth every minute. Big ocean-scale news from Ebb Carbon today - we have secured $20m in Series A funding! An associate is an entity over which an investor has significant influence, being the power to participate in the financial and operating policy decisions of the investee (but not control or joint control), and investments in associates are, with limited exceptions, required to be accounted for using the equity method. Congruents previous two fund families (Fund I family in 2017 at $92M and Fund II in 2021 at $175M) have been focused on supporting entrepreneurs who are building solutions to address sustainability challenges, investing early across hardware, software, enterprise, consumer, deep technology, fin-tech, and business model innovation. Working in such a highly regarded and well respected business is both an honour and a privilege. Silicon . All star and HoF combination. Happy Friday ! Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. When Congruent closed its first fund in 2017, Silicon Valley was still nursing its bruises from alate-2000s wave of investments in thin-film solar, algal biofuels and other cleantech long shots that didnt makeit. usv.com Joining the Venture Climate Alliance | Union Square Ventures Like me, Abe and Josh are interested in VPPs and in the power of innovative software and hardware solutions in grid modernization. Charging Up | Gender diversity in climatetech, Down to the Wire | Deep dives into complex energy issues, Eating the Earth | Decarbonizing our food systems. - can you really buy up to increase your ownership? We also had the chance to hear about some of the more exciting investments Emmeline Ventures has made. Congruent just closed its second fund and has a war chest of $175 million to spend on early stage ClimateTech ventures. Read more at the link below. These investment losses arguably set back the CleanTech / ClimateTech world by a decade because they decimated the ecosystem that allows new ventures to flourish and grow. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. But, is it enough for our EU-assumed goals compared to other regions investments? Congruents limited partners have followed up with later-stage investments, but so have lots of outside investors. SAN FRANCISCO, CA, April 19, 2023 Congruent Ventures, an early-stage climate and sustainability venture firm, today announced the close of its first Continuity Funds focused on quickly scaling its early-stage portfolio with more than $300 million in commitments, highlighting the interest of institutional investors seeking exposure to climate 15% close rate Follow along as he lays out the blueprint for his career, and takes us all the way from his first sketch to his thriving personal brand, Spunge. You can identify a real problem to solve, Whether you are invested in venture funds or not, you should be cheering for Congruents founders, Abe Yokell and Josh Posamentier, since they are working very hard to make sure their portfolio companies dig humanity out of the climate hole we have dug for ourselves. AMP Robotics, a materials recovery startup. Enterprise Software. We're committed to making the right talent, resources, and ideas available to our entrepreneurs. What does this mean for founders? Read more at the link below. Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. The Continuity Fund follows the successful closings of Congruents Fund I in 2017 at $92 million and Fund II in 2021 at $175 million. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Voir le site internet. ACVC LATAM VC CLUB There's nothing terrible about having multiple closes. We're so excited to announce Congruent's largest fund yet at $300M!!! Cooley has nearly 1,400 lawyers across 18 offices in the United States, Asia and Europe, and a total workforce of more than 3,000. It looks for technology companies that will positively impact energy and resource consumption. #cvc #vc #vclatam : Many companies are looking to make self-driving trucks. Over time, people learn what they need the software to do. Please. + Watch or listen to the full episode here: https://lnkd.in/g3VPURdE It was an honor and privilege to get to work with Lux Capital in helping them raise their latest fund, Lux Ventures VIII, L.P. at $1.15 billion. . largest early-stage ClimateTech venture fund in the U.S. Why Blowing Up Pipelines Will Not Solve The Climate Crisis. Congratulations Joshua Posamentier! Catching Up With Sunday, The Green Lawn-Care-In-A-Box Company, IONIQ 6 Makes Hyundai A True Tesla Contender: Test Driven, Companies Must Protect Workers From Heat Stress, Study Warns, McKinsey Predicts Deep Curbs On Car Use, Fall In New Car Sales, Rise Of Micromobility. CNH INDUSTRIAL FRANCE. The San Francisco firm said it wrapped up its Congruent Continuity Fund I LP, which had a $300 million target, and so far has made two investments from the vehicle. Co-Founder and Managing Partner at Congruent Ventures. A huge amount of institutional money poured into startups focused on commercializing algal-based transportation fuel, commercializing esoteric battery chemistry technology, and building innovative solar panels. After years of slow spending on early-stage cleantech startups, a new VC firm thinks it's time to jump in. Oney est une Banque franaise situ Croix, Hauts De France. For more details visit https://www.spefl.in Twenty-three venture firms have founded the Venture Climate Alliance, including Union Square Ventures and Tiger Global, and have "committed to achieving net zero or negative carbon emissions by 2050 or earlier", according to a press release from the VCA. Shoe designer and creative Salehe Bembury takes us on a journey from his childhood growing up in Manhattan, to an invaluable degree in industrial design, to working with some of the biggest names in fashionbefore breaking off to make his own name. Einride feels they are the best path to electric trucks, and that's the best way to reduce emissions. Hugues Bertin. Our San Francisco and Berlin teams are combining our powers with Daniel AI could replicate the post-WWII surplus that drove the next 40-60 years of prosperity. I am pleased to share that effective May 1st I have been appointed as Chief Operating Officer of Yurra. The investors supporting Congruent include CalSTRS, investors advised by Cambridge Associates, multiple U.S. and Canadian pension funds, the Grantham Foundation, Three Cairns Group, Sobrato Capital, and multiple other institutions representing some of the largest endowments, pensions, and foundations in the world. Register here for the whole 30 Minute Chai series, including biweekly masterminds and VC guest sessions: https://lu.ma/30minchai Catch up fast: Congruent, helmed by longtime clean tech veterans, launched in 2017 with a $92 million fund, and a second $175 million fund in 2021. Members of the VCA are required to: to evaluate your business viability. It looks for technology companies that will positively impact energy and resource consumption. (Links in Comments), CEO | Values-Driven Leader | Future of Work Enthusiast | Talent Strategy Consultant | Speaker & Growth Coach, It was a blast hanging with Founder CEOs of the MassRobotics start-up accelerator yesterday to chat about creating winning teams and cultures with behavioral understanding and frameworks like Mission, Vision, and Values. Education and Training. A Cooley team led by John Dado advised Congruent on the deal. I am genuinely delighted about joining a company with a solid history and a proud legacy of superior service, innovation, and a strong team. If the new shoots can find a dependable water source, have a bit of protection from the elements, and gain a few inches in height, they have the chance to make it to the next stage of life strengthening their stalks in preparation for bearing fruit. The vast majority of the investors in a bridge were already on the cap table. They are the future. Serious happy place vibes, Senior Engineer Zero Carbon Technologies at PMI | Cleantech & Sustainability | EPFL | BITS-Pilani | Prince2, A very positive and exciting week at HANNOVER MESSE, as a Cleantech enthusiast there is nothing that excites me more than impact driven innovations. I was also happy to discover someone else in the venture world who thinks controlled environment agriculture is a necessity yet is deeply suspicious about vertical farms business models. If you have female staff in your establishments, Institution and want to get her trained in Self-defense do contact us. It was great to see the increasing focus on technology and climate with such a great international focus. Markets never sleep, and neither does Bloomberg News. Congruent Ventures is a venture capital firm that seeks to invest in Mobility and Urbanization, Energy Transition, Food and Agriculture, and Sustainable Production and Consumption sectors. Even Congruents early-stage portfolio has been fielding inbound interest from SPACs in search of acquisition opportunities. VC firms tend to focus investments on a . Congruent invested some of the funds in Meati Foods, AMP Robotics, Fervo Energy and Span.IO. The firm concentrates on backing developers of technologies aimed at reducing carbon emissions. Congruent Ventures is a venture capital firm that seeks to invest in Mobility and Urbanization, Energy Transition, Food and Agriculture, and Sustainable Production & Consumption sectors. E8 provides early-stage funding, participation in follow-on rounds, and expert feedback, coaching, advisors, connections and support for your success. The target is $175 million. It is a Yindjibarndi word meaning sun. Related Persons. And yet you still can fail Building the go-to-market toolkit for SaaS founders & marketers at @SaaS-HQ while having fun on Linkedin, Startups fail despite addressing a real problem and building a product that solves that problem. Congratulations to our client Congruent Ventures, a venture capital firm focusing on technology companies that will positively impact energy and resource consumption, on its $300 million Continuity Fund. All of a sudden, theres a re-platforming where all that market share is up for grabs. Participating investors include the Microsoft Climate Innovation Fund . The round was a follow-on to a $7 million seed round, which closed in 2021. Congratulations to a great, hard working team that I Lucas Mann on LinkedIn: Congruent Ventures Raises Growth Fund to Back Its Climate-Tech Startups Today, I get to combine those experiences to help founders w/ my writing, podcast, and the FWC program Our climate sector focuses on mobility and urbanization, energy transition, food and agriculture, and sustainable production and consumption. Jackie Kossmann is a Partner at Congruent Ventures. Congratulations Joshua Posamentier and the Congruent Ventures team. Google was uncontested for ~25 years, and now theres a disruptive technology challenging the hegemony. All rights reserved. This explains why, so you can avoid their fate. - what in the data room Margaret Luna Kelli Cullinane Jessie Jia Guo Kimberly Chia Kathryn Zekus, Helping CFOs & Middle Market Clients Improve Bottom Line Results | Tax, Audit, Accounting & Advisory Services, Moss Adams is a proud sponsor of the CFO Executive Summit and honored to present Orange County Sheriff Don Barnes, who addressed CFOs and executive leaders on the issues of cybersecurity, transnational crime and other financial threats facing the business community. I bet DeSantis wins the election. Former CEO of Bizness Apps & Altcoin (both acquired). As And the funds commitments represent Limited Partners with over $2 trillion in assets, bucking the recent trend of LPs trimming their exposure to venture capital and private equity. 3. For leadership teams, its incredibly difficult to choose to destabilize your own ship. Why Google Missed The Mark with DeepMind San Francisco April 20, 2023 Cooley advised Congruent Ventures, a venture capital firm focusing on early-stage climate-oriented startups, in its $300 million Continuity Fund. Congruent is a venture capital firm that seeks to invest in the mobility and urbanization, energy transition, food and agriculture, and sustainable production and consumption sectors. #CFOExecutiveSummit #CFO #mossadams Russell Watts, CLCS, U.S. Department of Health and Human Services (HHS). Congruents portfolio includes category-leading climate companies from food to fusion, including Meati Foods, AMP Robotics, Fervo Energy, Span.IO, Hippo Harvest, Pano.AI, Avalanche Energy, Parallel Systems, and Lightship, among many others. Congruents first fund supported 29 startups, running the gamut from grid hardware to fintech, insuretech and steaks made from fungi. Now, as humanity faces some daunting challenges and a new generation of entrepreneurs realizes that solving those challenges represents an opportunity of enormous proportions, venture capitalists like Yokell and Posamentier have their work cut out for them. Thank you U.S. Department of Health and Human Services (HHS) for sharing these free mental tools: When was the last time you took a minute for yourself? They know, as I know, that capitalism holds the best chance for humanity to adapt to the daunting challenges posed by climate change and that building a sustainable economy represents an investment opportunity that will make the Industrial Revolution look penny ante. The heart and soul of our business operation is based on an ongoing commitment to: Last Name First Name Middle Name; Congruent Ventures II GP, LLC: n/a: Street Address 1 Street Address 2; The leading representative office of defined VC is situated in the San Francisco. Kudos! Congruent Ventures has raised over $152 million for its second fund, according to an SEC filing. View contacts for Congruent Ventures to access new leads and connect with decision-makers. This brings total AUM for Congruent to more than $700 million, making it one of the largest climate portfolios in early-stage venture and nearly doubling the firms AUM. We launched Congruent Ventures at the beginning of 2017 to exclusively focus on investing in early-stage companies that can effect positive change on society's climate-related challenges. Congruent Ventures II, LP: Street Address 1 Street Address 2; 6114 LA SALLE AVENUE #443: City State/Province/Country ZIP/PostalCode Phone Number of Issuer; OAKLAND: CALIFORNIA: 94611 (650) 843-5000: 3. 3 The third pillar aims to ensure continuity of supply in case of a semiconductor crisis. Always onward and upward here at Cooley! If there had been atotal wipeout in value from the last cohort of energyand climate tech, that would be aworse outcome than whats happening with SPACs, hesaid. Embedded Controls Engineer Matlab Python Microcontrollers PCB design GUI C/C++ Sensors It's a vanity metric for VCs. From left to right, Tarun Narayan, David Bierman, Justin Briggs (seated),. This is inspiring and we look forward to witnessing the impact you will continue to make. Your current investors are the primary starting point for more capital. 6. Infrastructure layer: Top 3 cloud companies (AWS, GCP, Azure) = ~$2.1T market cap. And Congruent partners with companies at the earliest stages and the Continuity Fund will be deployed to support them throughout their life cycles. We look for technology companies that will positively impact our energy and resource consumption. It focuses on offering growth capital investment to mobility and urbanization, energy transition, food and agriculture, sustainable production, and consumption industries. Bridge rounds. I am convinced that even the best idea is worth exactly nothing if that idea doesnt get connected to the right advisors, customers, and investors.*. 2. Close date is drawn out of thin air. We saw a strategic need to help our existing portfolio companies, and were delighted to have the support of our Limited Partners despite the broader pullback in venture investing.. If the soil is rich, new shoots struggle tentatively out of the ground. 59170 Croix. The fast-paced innovation and change now powered by funding from the 2022 Inflation Reduction Act must be met with sufficient venture funding, said Yokell, Congruents co-founder and managing partner. Building something impactful in the climate space is no easy feat, but with determination, a clear vision, and the right resources and support, it is definitely achievable. If the idea takes root, angels introduce the emergent shoots of companies to early-stage venture firms. ArcTern Ventures is a venture capital firm obsessed with helping solve the climate crisis and rethinking sustainability. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Her career in the industry spans two decades, including both operating experience (building over 1GW of utility-scale wind and solar projects across the US) and venture capital investing experience (most recently, deeptech investing at In-Q-Tel and Applied Materials). I think its the wrong call for almost all those companies at the valuations theyre talking about, Posamentier said. Senior Associate & Investment Lead at New Ventures | LATAM | Venture Capital | Impact Investing. Congruent Ventures, aventure capital firm dedicated to early-stage climate startups, has anew fund to invest. More and more venture capital is going to bridge rounds vs primary rounds this year. - how many fund closes (tldr: one and done is lovely but a vanity metric) Range: $100K - $5.0M. Proceeds from the Continuity Fund will be used to help scale existing portfolio companies from early stage to full commercialization. More of a given fund's dollars are going to current bets - so if you're a new bet, be aware. Congruent Ventures: Over $300 Million In Commitments Raised To Invest In Climate Tech. From that 2009-2017 time period, Congruent was probably the first emerging manager out of the gate with a pure sustainability fund. Looking to empower entrepreneurs tackling the world's most challenging problems. Speaker/Consultant on Robocars and Exponential Technology btm@4brad.com, Einrides Self-Driving Goal Is Medium-Haul Electric Trucks, Not Long Haul. Check out the U.S. IAS 28 outlines the accounting for investments in associates. Why DeSantis is Great for Businesses Generally speaking, [that concern] is completely resolved.. I very much look forward to future MassRobotics and Lever Talent, Inc. collaborations! The Act focuses on three pillars, including technological capacity building, large-scale investments in production capacities, and improving the ability to spot and respond to semiconductor supply crises. When you have an incredible business model, you can either disrupt yourself and destabilize your ship, or wait until someone else does it. About Cooley LLP The Math Behind a $230M First Time Fund: We're grateful to the support of amazing LPs from our founding anchors to our new friends in the Continuity Fund including CalSTRS, The Grantham Foundation for the Protection of the Environment, Sobrato Family Foundation, numerous Cambridge Associates clients, Three Cairns Group, and many other amazing supporters. Prior to joining Toyota Ventures, Chris was on the investment team at Fenox Venture Capital, where he led the U.S. due diligence process and market research activities. carbon Carbon has developed a patented 3D printing technology, which is able to print high-quality plastic parts at a rapid speed, bringing additive manufacturing from prototyping to production. -- b.rad. Associate. Amid abooming market for sustainable businesses, Congruent is among arelatively small group dedicated to funding companies that are just getting started, and may not even have aproduct or revenue yet. This copy is for your personal, non-commercial use only. Congruent Ventures, launched in 2017, is co-led by Joshua Posamentier and Abe Yokell, who have decades of climate tech investing expertise between them. For many use cases, chat will replace search. This copy is for your personal, non-commercial use only. A world class Inspiring! 1. Ive told Yokell and Posamentier that Id like to start working through their portfolio for my articles in this column, so expect to hear more about them in the coming months. . Any data points you provide that support this are hugely helpful. Green Data Dash. Abe Yokell on LinkedIn: Congruent Ventures Raises $300 Million for Climate Startups | 195 comments It's been 2,293 days since Abe Yokell and I co-founded Congruent Ventures and we've since built it to partner with and support the best of the best in the climate tech startup world. Congruent VenturesAssociate Investment Range $100K-$5.0M Sweet Spot $1.5M Current Fund Size $500K Logan Ashcraftis on these Sector & Stage Rankings ClimateTech/CleanTech(Seed)Consumer Internet(Seed)DeepTech(Seed)Enterprise(Seed)FinTech(Seed)Hardware(Seed)San Francisco Bay Area Logan Ashcraft's Media (2) Congruent is a venture capital firm that seeks to invest in the mobility and urbanization, energy transition, food and agriculture, and sustainable production and consumption sectors. Congruent Ventures invests in early-stage sustainability technology companies. I am excited about my new role and the prospect of working with the people that have made it successful. I am an optimist and truly believe technology will take us to the sustainable future, as always connecting the dots and reducing the degrees of separations is my primary focus in the decarbonization challenge. From food to fusion and panels to power, we've backed amazing founders, brought on an amazing team and catalyzed $B across 51 companies that now employ thousands of people. (AMP Robotics, another of Congruents portfolio companies, is pioneering the use of AI-powered robots to sort waste at recycling centers.). These angels provide seed investments to the next wave of entrepreneurs and help their investees with introductions to potential employees, partners, and investors. Investors supporting Congruent include CalSTRS, investors advised by Cambridge Associates, multiple U.S. and Canadian pension funds, the Grantham Foundation, Three Cairns Group, Sobrato Capital, and multiple other institutions representing some of the largest endowments, pensions, and foundations in the world. like decks too) 38.Rise WorksSino Global CapitalHashKey CapitalDraper AssociatesWeb3 . Here is the wild story Tomasz Tunguz shared on 20VC today: Your #VC fundraising fun facts today is Tomasz Tunguz Congruents co-founder and managing partner. Thank you Prelude Ventures, Evok Innovations, Congruent | 24 comments on LinkedIn Congruents previous 2 fund families (Fund I family in 2017 at $92 million and Fund II in 2021 at $175 million) have been focused on supporting entrepreneurs who have been building solutions to address sustainability challenges.

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