• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Investible launches $100M AUD fund for early-stage climate tech startups

September 29, 2021 by David Barret Leave a Comment

Investible, the Sydney-based early-stage venture firm known for investments in Canva and other top Australian startups, announced today it is raising a $100 million AUD (about $72.3 million USD) Climate Tech Fund. This is the first time Investible has launched a sector-focused fund. It’s first two funds, including a $50 million AUD one closed earlier this year, were both sector-agnostic.

Last month, Investible also said it will launch Greenhouse, a growth and innovation hub for climate tech startups, in partnership with the City of Sydney. Once it opens next year, Greenhouse will bring together startups, researchers, academics and corporations, including climate tech companies outside of Investible’s portfolio.

“It’s about helping them go from startup to scale, and so some of that will be additional research to improve their technology or engaging corporates to understand what exactly they are looking for and also finding their next customers,” said Tom Kline, one of the heads of the Climate Tech Fund.

Canva raises $200 million at a $40 billion valuation

The fund will invest in seed rounds, but reserve half of its capital for follow-on funding. It will primarily back Australian companies, but also plans to devote up to 30% of the fund to international companies. It is focused on the six sectors identified by the United Nations Environment Programme as the most important for reducing climate change and global warming: energy, transport, industry, buildings and cities, food and agriculture, and forests and land use.

The fund will be led by Kline, former chief executive officer of renewable energy manager New Energy Solar, and Patrick Sieb, who has invested in tech companies since 2014 and focused specifically on climate tech startups since 2019.

“With each passing year, we’re noticing that we need to do more in the space, and coming from the other end, Investible sees deal flow of between 1,500 to 2,000 a year, and an increasing amount of those have been climate focused,” Kline told TechCrunch about the firm’s decision to launch a climate-focused fund after being sector-agnostic.

He added that more people are paying attention to climate change and it’s driving consumer choices and prompting corporations to become more transparent. More governments are also setting targets that will require significant technology—and capital—to achieve.

Investible’s climate fund will typically participate in seed rounds starting from about $1.5 million AUD, contributing up to 30%, so about $500,000 AUD. Follow-on checks could be up to several million dollars.

The fund will use the same investment process as Investible’s sector-agnostic funds, but with climate-focused criteria. For example, it may look at much emissions it can reduce, the founding team, opportunity size and how long it will take to develop and monetize its tech.

“Scientists have been talking about climate change for decades and there’s been a lot of debate, but I think we’re finally at the stage where the debate is over and people are acknowledging that this is human-caused and we really must take action this decade,” said Kline.

The enormous challenges and abundant opportunities in climate tech

Source Link Investible launches $100M AUD fund for early-stage climate tech startups

David Barret
David Barret

Related posts:

  1. Malaysia holiday hotspot readies for reopening with tourism bubble
  2. Popular Netflix series sparks new debate over S.Korea’s military conscription
  3. Tennis-Greek Sakkari boosts chances of making WTA Finals cut
  4. Georgian ex-president says he will fly home, despite jail threat, to ‘save the country’

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • The Strange “Egg-Laying” Rockfaces Of Planet Earth
  • One Of The World’s Largest And Rarest “Fancy Red” Diamonds Has Been Studied For The First Time
  • The Simple Rule That Seems To Govern How Life Is Organized On Earth
  • This Paradisiacal Island In The Philippines Had Advanced Maritime Culture 35,000 Years Ago
  • Neanderthals Faced A Catastrophic Population Collapse 110,000 Years Ago
  • Why Travelers Are Putting Their Luggage In Hotel Bathtubs
  • NSFW Video Shows Two Male Gray Whales Seemingly Having Sex
  • Space Explosions, Dead Sea Scrolls, And Why It’s So Hard To Sex A Dino
  • This Image Of Earth (And Saturn) Will Change You
  • Watch Inquisitive Humpback Whales Blow Bubble Rings At Whale Watchers
  • How Long Did Neanderthals Live For?
  • Want To Use Dragons As Dice? Now You Can, Thanks To Math
  • Why Did Humans Start Using Fire? New Theory Suggests It Wasn’t To Cook Food
  • Controversial “Alien’s Math” Has A New Translator. Can He Reform Its Reputation?
  • How To Watch A Rare Daytime Meteor Shower This Weekend
  • Over 250 Years After Captain Cook Arrived In Australia, Final Resting Place Of HMS Endeavour Confirmed
  • Over 1 Trillion Dollars’ Worth Of Precious Metals Are Hiding In Lunar Craters, Study Suggests
  • What Happened To Marco Siffredi? The First Person To Snowboard Down Mount Everest
  • Why The 28 Biggest Cities In The US Are Sinking Into The Ground
  • 200-Year-Old Condom Made Of Sheep Appendix Contains A *Very* NSFW Drawing
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version