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. For more details visit https://www.spefl.in Convertible Note, Early Stage Venture, Seed, Venture, Find More Contacts for Congruent Ventures, Edit Lists Featuring This Company Section, Congruent Ventures Raises Growth Fund to Back Its Climate-Tech Startups, Seed Stage Investors with Investments in Berkeley, California, San Francisco Investors with Funds Raised in 2018, Convertible Note Investors with Investments in Greater New York Area, Early Stage Venture Investors with Investments in Austin, Texas. Stop by and come over the VC round table! Engineers who might have been working on more efficient solar power panels suddenly started shifting their attention to creating the next Candy Crush company. Our climate sector focuses on mobility and urbanization, energy transition, food and agriculture, and sustainable production and consumption. Green Data Dash. 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.. 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. 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? Congruent Ventures raised $304 million for its first fund dedicated to making growth investments in companies it already backs. We. Inspiring! As both plants and start-ups grow, numerous problems can and do occur, but the most delicate part of the lifecycle is early on. Congruent Ventures is an early-stage venture fund focused on climate tech and sustainable technologies. Based in Oakland, California, the early-stage venture firm focuses on sustainable technologies. 300. 15% close rate Grey is 2022. - which LPs The Continuity Fund has been navigating 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. It is an initiative focused on promoting the safety and well-being of women and girls. It's a long-format article, 30' long. Always onward and upward here at Cooley! 38.Rise WorksSino Global CapitalHashKey CapitalDraper AssociatesWeb3 . Congruent just closed its second fund and has a war chest of $175 million to spend on early stage ClimateTech ventures. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. (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. Read more: Axios CEO @ Acquire.com. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. The development of climate-tech startups is crucial in creating a sustainable future! Serving/leading pre-seed impact founders to transform our industries. He also was executive . Co-Founder and Managing Partner at Congruent Ventures. All star and HoF combination. 7. https://lnkd.in/dhrJ3dWs 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. Then again, SPAC exits returned money to limited partners who can now invest it in anew wave of companies, Yokell noted. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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 Congratulations to our client Congruent Ventures, a venture capital firm focusing on technology companies that will positively impact energy and resource John Sellers LinkedIn: Congruent Announces $300 Million Continuity Fund // Cooley // Global Law 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. The company was established in North America in United States. This copy is for your personal, non-commercial use only. like decks too) 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. The Congruent | 195 comments on LinkedIn Delighted that our LPs saw through the noise to support our growing early stage portfolio! 2. Headquarters Location Julian Spector 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). So far this month we've seen 11,000 buyers register and this same month last year we saw 7,000 buyers register. 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 Tahsin Zahid Kiron Chopra Vinamra Agarwal Smita Vaish Agarwal Sudeep Goenka Pankaj Poddar Mohit Malhotra Mohit Kumar Sarvesh Goel JAI AGARWAL. 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. How AI Could Save The US Economy If you would like to customise your choices, click 'Manage privacy settings'. The Series A funding round was led by Union Square Ventures with participation from Congruent Ventures, National Grid Partners, Powerhouse Ventures, Elemental Excelerator, and FJ Labs. Congruent Ventures Closes More Than $300 Million Proving Interest in Climate Tech, The Climate Growth Fund Targeting Its Early-Stage Portfolio Makes Congruent One of the Largest Early-Stage Climate Investors with More Than $700M in Assets under Management. They are the future. The partners originally targeted a fund size of $125 million, but simply could not stop institutional investors from sending them checks. If I was a climate startup, I'd call Joshua Posamentier, Abe Yokell and Congruent Ventures first. The new fund nearly doubles the firm's assets to . I think its the wrong call for almost all those companies at the valuations theyre talking about, Posamentier said. Finally, the act seeks to provide venture funding to start-up, scale-ups, and smaller companies. largest early-stage ClimateTech venture fund in the U.S. Why Blowing Up Pipelines Will Not Solve The Climate Crisis. This is a BETA experience. Sinai Ventures invests in internet and software founders at all stages. Proceeds from the Continuity Fund will be used to help scale existing portfolio companies from early stage to full commercialization. Thats double the GDP growth of the US. Three minutes of mindfulness can have a lasting impact on your day. Investors in SF Bay Area (CA) Cooley is a registered service mark of Cooley LLP in the United States and European Union as well as certain other jurisdictions. 8. Active, Closed, Alternate or previous names for the organization, Tags are labels assigned to organizations, which identify their belonging to a group with that shared label, This describes the type of investor this organization is (e.g. 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. Cambridge Associates Congruent Ventures consumer products energy food manufacturing prelude ventures venture capital Startups Daily Crunch: Silicon Valley Bank goes bust regulators take. Live from London, tracking the breaking and top business news stories in the lead-up to the opening of European markets. I bet DeSantis wins the election. Heres Why. 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. 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. https://www.wsj.com/articles/congruent-ventures-raises-growth-fund-to-back-its-climate-tech-startups-db26a110. 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. We discussed how much is "enough," and how do you showcase it for a potential investor. Our biggest concern was that we would not have sufficient follow-on capital after we did pre-seed, seed and Series A, said co-founder and managing partner Abe Yokell. 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. 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 Congruents first fund supported 29 startups, running the gamut from grid hardware to fintech, insuretech and steaks made from fungi. And its portfolio represents companies that will help to decarbonize every sector of the economy energy, fleet electrification, farming, new food products, sustainable aviation fuels, manufacturing, and more. $230M closed GOP is the party of capitalism. How it works: Evergrow operates an online market where investors can purchase tax credits from qualifying . Goldman projects a 7% reduction in the labor population and a 2.5% increase in GDP as a result of AI. Congruents portfolio includes many 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. 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. ArcTern Ventures is a venture capital firm obsessed with helping solve the climate crisis and rethinking sustainability. A good idea represents the bare minimum requirement to build a successful venture. Total ikigai. Markets never sleep, and neither does Bloomberg News. It's a vanity metric for VCs. Do you dare to try it? 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 focused on scale across hardware, software, or services, were interested.
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