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. First Round Capital backs clean energy fintech Evergrow with $7M Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. If the soil is rich, new shoots struggle tentatively out of the ground. 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 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. Congruents team has grown to 11 members who are among the most experienced and diverse in early-stage climate, having invested through the first Cleantech cycle. From 150 LP meetings to raising $230M as a solo GP with Theory Ventures. Congruent has supported 51 companies over the past six years, making it one of the most active and experienced U.S. investors in climate. Congruent Ventures: Over $300 Million In Commitments Raised To Invest These angels provide seed investments to the next wave of entrepreneurs and help their investees with introductions to potential employees, partners, and investors. These are terrific ideas that Id like to learn more about. 15% close rate The financial crisis wrought havoc among established companies, but the ripples caused by the crisis crashing oil prices and general deflationary trends also destroyed the operating model of many CleanTech start-ups. Frontier climate tech | EIR at Lifeline Ventures | Founder at Survivaltech.club. 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. This brings the total AUM for Congruent to over $700 million, making it one of the largest climate portfolios in early-stage ventures and nearly doubling the firms AUM. Thats double the GDP growth of the US. 1. After years of slow spending on early-stage cleantech startups, a new VC firm thinks it's time to jump in. We're so excited to announce Congruent's largest fund yet at $300M!!! Happy Friday ! Like me, Abe and Josh are interested in VPPs and in the power of innovative software and hardware solutions in grid modernization. We're committed to making the right talent, resources, and ideas available to our entrepreneurs. Team | DCM 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. explains why this happens and what you can do about it. 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. It was great to see the increasing focus on technology and climate with such a great international focus. 9. Abe Yokell on LinkedIn: Congruent Ventures Raises $300 Million for 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. 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. Chris Abshire is a senior associate at Toyota Ventures, responsible for sourcing startups, evaluating opportunities, negotiating, and closing investments. Keep an eye on the specific clauses in the term sheet - bridge rounds can come with more onerous terms for the founder than a new primary (but hey, it's money in the door). In a terrific long-form interview, Congruents Yokell describes being literally abandoned by a conversation partner at a 2011 holiday party when he confessed to working in CleanTech venture capital. Tina Bao on LinkedIn: Congruent Ventures Raises $300 Million for On Thursday, the young San Francisco-based firm closed a $175 million second fund, bringing it to $300 million under management. About. #selfdefense #selfdefenseforwomen Opinions expressed by Forbes Contributors are their own. 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. Yokell and Posamentier understand the stakes and are working hard on the ClimateTech vanguard. Congruent Ventures raised $304 million for its first fund dedicated to making growth investments in companies it already backs. Llaunched in 2017, Congruent Ventures is co-led by Joshua Posamentier and Abe Yokell, who have decades of climate tech investing expertise between them. 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. Back in the mid-aughts, ClimateTechs predecessor, CleanTech was the investing flavor of the month thanks to soaring oil prices, food shortages, and increased concerns about ecological issues. Tanuj DuttaJackie KossmannChristina OConorMarianne WuNicholas Adeyi Tina BaoSuzie Morano Parmar, CFANadia DugalAbby Steele #venturecapital #founder #startup #startups, Top trend in 2023 venture capital so far? Best of luck in your endeavors! Congruent Ventures raises $175M fund for early-stage | Canary Media Most enterprise buyers just want an end-to-end solution that works well. From that 2009-2017 time period, Congruent was probably the first emerging manager out of the gate with a pure sustainability fund. Entrepreneurs in a field become rich and act as angel investors. As Crusoe Energy like decks too) Safety, Quality, Environment; and What does this mean for founders? 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. 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 And Congruent partners with companies at the earliest stages and the Continuity Fund will be deployed to support them throughout their life cycles. To amplify our efforts, we have teamed up with other venture capital firms through a new net zero initiative called the Venture Climate Alliance which launches today. Congruent invests in early-stage transformational companies in climate tech, where we leverage our capital and deep in-sector experience to fund the best companies in the space., The fast-paced innovation and change now powered by funding from the 2022 Inflation Reduction Act must be met with sufficient venture funding. the climate sector focuses on mobility and urbanization, energy transition, food and agriculture, and sustainable production and consumption.. Eric Wesoff, Dan McCarthy . Over time, people learn what they need the software to do. The heart and soul of our business operation is based on an ongoing commitment to: ArcTern Ventures | LinkedIn Three minutes of mindfulness can have a lasting impact on your day. 3. How to Create Urgency in a Fundraise All rights reserved. 5. Inc. 30 under 30 Entrepreneur. Congruent Ventures collects over $152m for sophomore fund Limited partners want exposure to later-stage climate startups. Congruent Ventures has raised $175 million for a fund that focuses on investments in early stage climate-technology companies. Participating investors include the Microsoft Climate Innovation Fund . If the idea takes root, angels introduce the emergent shoots of companies to early-stage venture firms. In brief: Venture capital firms join Mark Carney's GFANZ with net zero I very much look forward to future MassRobotics and Lever Talent, Inc. collaborations! https://www.wsj.com/articles/congruent-ventures-raises-growth-fund-to-back-its-climate-tech-startups-db26a110. We've defined bridge rounds in this case as rounds completed at the same valuation as the prior round. 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. All rights reserved. Congruent just closed its second fund and has a war chest of $175 million to spend on early stage ClimateTech ventures. 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. Shepherding a new venture to success is hard enough; bootstrapping a new economic sector represents something orders of magnitude more difficult. Overnight on Wall Street is morning in Europe. Congruent Ventures Ivey Business School at Western University Experience Partner Congruent Ventures Apr 2022 - Present1 year 1 month San Francisco Bay Area CPP Investments 3 years 10 months. Abe Yokell on LinkedIn: Congruent Ventures Raises $300 Million for Climate Startups | 195 comments Edison Almeida on LinkedIn: The Path to Net Zero - BSEC Annual Spring Forum Zixin Pan ACMA, CGMA - Associate Director - Gresham House Ventures - what in the data room Congruent Ventures raised $304 million for its first fund dedicated to making growth investments in companies it already backs. 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. I am thrilled to be the keynote speaker for the 17th Babson Sustainability Forum: The Path to Net Zero, where I will share my journey to Net Zero: - Why/how I Headquarters Location Congruent invests in early-stage transformational companies in climate tech, where we leverage our capital and deep in-sector experience to fund the best companies in the space, said Joshua Posamentier, co-founder and managing partner of Congruent Ventures. Inspiring! Congruent had targeted $125 million for the fund. #selfdefensetraining Congruent Ventures, a climate-focused VC firm, has closed its first continuity fund with over $300 million in commitments. Investors in SF Bay Area (CA) Serving/leading pre-seed impact founders to transform our industries. Congruent Ventures, a climate-focused VC firm, has closed its first continuity fund with over $300 million in commitments. Congratulations to a great, hard working team that I Lucas Mann on LinkedIn: Congruent Ventures Raises Growth Fund to Back Its Climate-Tech Startups 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. Congruent has made seven investments from Fund II, including Parallel Systems, a maker of electrified autonomous electric rail cars, and Hippo Harvest, which is using machine learning and robotics to optimize greenhouse growing systems. Congruent Announces $300 Million Continuity Fund Our San Francisco and Berlin teams are combining our powers with Daniel You will learn why your business idea might not be viable; I am excited about my new role and the prospect of working with the people that have made it successful. Congruent raises new $300M climatetech fund despite | Canary Media 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. Looking to empower entrepreneurs tackling the world's most challenging problems. The Math Behind a $230M First Time Fund: Live from London, tracking the breaking and top business news stories in the lead-up to the opening of European markets. Some examples include Amply, aprovider of managed charging for electric vehicle fleets, which raised $13.2 million last year from investors including Soros Fund Management and Siemens, and Span, amaker of digitally controllable home electrical panels, which raised $20 million in January from investors including Munich Re Ventures HSB Fund and Amazons AlexaFund. Please. This point was brought home to me recently when I spoke with the founders of Congruent, a ClimateTech-focused venture capital firm that specializes in early stage investing. Toyota Ventures Our portfolio bp ventures is set up to grow new energy businesses, in our core businesses in the upstream, downstream and alternative energy and in five areas: Advanced mobility; Power and storage; Carbon management; Bio and low carbon products; Digital transformation Introducing bp ventures We look for technology companies that will positively impact our energy and resource consumption. 424-430 He also was executive . Then, they will go look for a best-of-breed in the market and swap out that layer. It focuses on offering growth capital investment to mobility and urbanization, energy transition, food and agriculture, sustainable production, and consumption industries. Congruent raises new $. 28 April 2023, Subscribe to receive Canary's latest news. 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. Bloomberg Daybreak Europe. Congruent Ventures, one of the first venture capital firms to focus squarely on early-stage . Weve never been busier on the deal-flow side, and the quality of deals is going up as well, Yokell said. Tanuj Dutta - Partner - Congruent Ventures | LinkedIn 10. Total ikigai. The development of climate-tech startups is crucial in creating a sustainable future! 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. 2021 Climate Impact Report Climate Focus Mobility and Urbanization Energy Transformation Food and Agriculture Production & Consumption Learn More Highlights 2023-01-25 Building the Climate Bench Substack 2023-01-25 Building the Climate Bench Substack We also had the chance to hear about some of the more exciting investments Emmeline Ventures has made. #founders #startup #people #environment #grateful #power #climate #venture #venturecapital #LP #fundraising #funding, Industrial Technology Advisor (Business/Finance) - National Research Council Canada - IRAP Program, Independent Director | Technology Executive | Advisor | Investor Ex-Wipro, Flex, Texas Instruments. John Sellers on LinkedIn: Congruent Announces $300 Million Continuity Congratulations to our client Congruent Ventures, a venture capital firm focusing on technology companies that will positively impact energy and resource John Sellers on LinkedIn: Congruent Announces $300 Million Continuity Fund // Cooley // Global Law 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. The Continuity Fund navigates the ever-evolving climate environment to support Congruents early-stage portfolio companies as they scale to meet the demands of the changing climate innovation landscape. Heres Why. Congruent Creating the companies that will positively impact how we move, create, eat, and live. 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. Just as mycorrhizal networks perform vital functions for the plants growing in fields and forests (see my May Climate Catalysts article, Fantastic Fungi), the commercial networks that evolve to serve and nurture a particular field represent an irreplaceable natural resource. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Sweet spot: $1.5M. Jackie Kossmann is a Partner at Congruent Ventures. Its portfolio represents companies that will help to decarbonize every sector of the economyenergy, fleet electrification, farming, new food products, sustainable aviation fuels, manufacturing, and more. - etc. 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. We are developing the next generation system to produce biochar, a powerful soil amendment that helps to sequester atmospheric carbon. At Next Play Capital we believe that success leaves clues and work hard to give our community the opportunity to spend time learning from proven winners and champions! Early-stage climate and sustainability venture firmCongruent 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 fundraising environment. Charging Up | Gender diversity in climatetech, Down to the Wire | Deep dives into complex energy issues, Eating the Earth | Decarbonizing our food systems. In just a few years, the accelerator has grown to 75 resident start-ups using robotics to revolutionize healthcare, transportation, logistics, manufacturing, service, workforce planning and more. Green Data Dash. Sarah Sha en LinkedIn: KitchenTown + PepsiCo Ventures Group partnership Your #VC fundraising fun facts today is Tomasz Tunguz 6. Why The Single Close is a BS VC Vanity Metric CNH INDUSTRIAL FRANCE. If you would like to customise your choices, click 'Manage privacy settings'. Grey is 2022. Big ocean-scale news from Ebb Carbon today - we have secured $20m in Series A funding! Read more at the link below. Markets never sleep, and neither does Bloomberg News. You can build a solution to that problem, All of a sudden, theres a re-platforming where all that market share is up for grabs. Congruent Ventures is an early-stage venture fund focused on climate tech and sustainable technologies. Josh Posamentier of Congruent Ventures (Congruent Ventures is an investor) Antora Energy Antora Energy's team. Congruent Ventures has raised over $152 million for its second fund, according to an SEC filing. Even Congruents early-stage portfolio has been fielding inbound interest from SPACs in search of acquisition opportunities. And Congruents team has grown to 11 members who are among the most experienced and diverse in early-stage climate, having invested through the first Cleantech cycle. Managing Partner Next Play Capital | Henry Crown Fellow | DocuSign Advisory Board | Chairman Ryan Nece Foundation, Along with the team USOPF we hosted a powerful group of investor and executive on the rooftop of our office. IAS 28 outlines the accounting for investments in associates. It's a vanity metric for VCs. Congruents limited partners have followed up with later-stage investments, but so have lots of outside investors. As both plants and start-ups grow, numerous problems can and do occur, but the most delicate part of the lifecycle is early on. 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). USV (@usv) / Twitter If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Oney Banque Croix, 34 Avenue de Flandre, 59170 Croix, France, Infrastructure layer: Top 3 cloud companies (AWS, GCP, Azure) = ~$2.1T market cap. Congratulations Joshua Posamentier! 2023 Cooley LLP and Cooley (UK) LLP. AMP Robotics, a materials recovery startup. +33 3 20 66 39 00. : Many companies are looking to make self-driving trucks. 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. * NOTE: In a consulting engagement a few years ago, I crunched the numbers on thousands of successful exits (cases in which a start-up sells to a larger company or goes public through an IPO) and found that a dense network of professional connections increases the value of a start-up idea by around three times. Congruent Ventures | LinkedIn The Yindjibarndi 3C model This is a BETA experience. The leading representative office of defined VC is situated in the San Francisco. Read more at the link below. The future is bright for Yurra and to help lead this is a rare opportunity. Joshua Posamentier on LinkedIn: Congruent Ventures Raises Growth Fund Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. The partners originally targeted a fund size of $125 million, but simply could not stop institutional investors from sending them checks. I am genuinely delighted about joining a company with a solid history and a proud legacy of superior service, innovation, and a strong team. Climate Robotics is a venture-backed startup building heavy equipment to improve agricultural soils and fight climate change. Oney est une Banque franaise situ Croix, Hauts De France. Education and Training. 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. tablissement (s) rattach (s) Aucun. 2 The second pillar supports the setting up of new fabs and "open EU foundries" (Article 11, very interesting concept!). E8 provides early-stage funding, participation in follow-on rounds, and expert feedback, coaching, advisors, connections and support for your success. Portfolio G2 Venture Partners 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. AI could replicate the post-WWII surplus that drove the next 40-60 years of prosperity. And together, LFG! Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 7. 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. Excited to be kicking off KitchenTown's global partnership with PepsiCo Ventures Group! Venture capital firm Congruent Ventures has raised a $300 million fund to help its stable of climate-focused startups grow their businesses, with much of the money coming from . 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. Adrian Jones Javier S. CJ Armbrust Alexandre (Alex) Lazarow (AMP Robotics, another of Congruents portfolio companies, is pioneering the use of AI-powered robots to sort waste at recycling centers.). Senior Associate & Investment Lead at New Ventures | LATAM | Venture Capital | Impact Investing. Sec Form D/A Bilal Zuberi on LinkedIn: Spent some time with the incredible duo 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. Range: $100K - $5.0M. Experienced early-stage CleanTech venture fund partners threw in the towel and retired to ranches in Wyoming. We look for technology companies that will positively impact our energy and resource consumption. Jackie Kossmann - Partner at Congruent Ventures | The Org 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. Its backers include CalSTRS, investors advised by Cambridge Associates, and pension funds in the U.S. and Canada, to name some. Their staff has grown to five investors, and they expect the shop to keep expanding.
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