Jackie Kossmann is a Partner at Congruent Ventures. You can identify a real problem to solve, authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. Personally, I love Emmeline Ventures' ethos of investing in female founded companies that focus on health, wealth, and living in a cleaner, safer world. Participating investors include the Microsoft Climate Innovation Fund and affiliates of Prelude Ventures, according to a statement. Entrepreneurs in a field become rich and act as angel investors. In Uttar Pradesh, we are currently training 10,000 girls of ITIs and skill development Centres in 1st Phase. Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. When I was a VC writing checks, I learned how an investor's mind works What did other regions, like North-America and Asia, invested? 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. There are painfully few funds that are focused on investing capital into early-stage ClimateTech ventures, and of those, Congruent is the largest. From left to right, Tarun Narayan, David Bierman, Justin Briggs (seated),. 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. Thank you Prelude Ventures, Evok Innovations, Congruent | 24 comments on LinkedIn 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. Josh Posamentier of Congruent Ventures (Congruent Ventures is an investor) Antora Energy Antora Energy's team. Energy Transition Ventures, led by industry veterans Craig Lawrence and Neal Dikeman, is targeting afund of $75 million to invest in disruptive energy startups. ACVC LATAM VC CLUB Not only are the startups Congruent is investing in interesting, the very position of Congruent as a nurturer of tender ClimateTech shoots is unique and vitally important. A late frost, a heavy rain, or a clumsy overseer can crush the life out of the sprouts. Shepherding a new venture to success is hard enough; bootstrapping a new economic sector represents something orders of magnitude more difficult. Eric Wesoff, Dan McCarthy . 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. There's nothing terrible about having multiple closes. Thats double the GDP growth of the US. Congruent Creating the companies that will positively impact how we move, create, eat, and live. We also had the chance to hear about some of the more exciting investments Emmeline Ventures has made. Congruent Ventures raised $304 million for its first fund dedicated to making growth investments in companies it already backs. #venturecapital #founder #startup #startups, Top trend in 2023 venture capital so far? Hugues Bertin. Thanks to Joyce Sidopoulos, Co-Founder & Chief of Operations, quick friend, and fellow PI Maverick, for inviting me. Congruents limited partners have followed up with later-stage investments, but so have lots of outside investors. Congruent Ventures, aventure capital firm dedicated to early-stage climate startups, has anew fund to invest. Even Congruents early-stage portfolio has been fielding inbound interest from SPACs in search of acquisition opportunities. To understand why the early-stage ClimateTech funding world is so sparse, one must understand how the venture capital garden works. Silicon . 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. The new fund nearly doubles the firm's assets to . 50% existing relationships The vast majority of the investors in a bridge were already on the cap table. Speaker/Consultant on Robocars and Exponential Technology btm@4brad.com, Einrides Self-Driving Goal Is Medium-Haul Electric Trucks, Not Long Haul. This is what happens when there is widespread and growing understanding that the new climate normal is not normal. Its backers include CalSTRS, investors advised by Cambridge Associates, and pension funds in the U.S. and Canada, to name some. If I was a climate startup, I'd call Joshua Posamentier, Abe Yokell and Congruent Ventures first. A dozen of the firm's three dozen portfolio companies to date use machine learning or AI. When you're fundraising, you need to convince people that the company or the fundraising round has an inevitable positive conclusion. The company noted that limited partners invested in the second fund include: Since Congruents launch, the cleantech sector has embraced Wall Streets obsession with special-purpose acquisition companies (SPACs), whereby startups go public via acquisition by ashell company. 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. A good idea represents the bare minimum requirement to build a successful venture. It was great to see the increasing focus on technology and climate with such a great international focus. We're so excited to announce Congruent's largest fund yet at $300M!!! 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. 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. Application layer: Top 100 cloud companies = ~$2.1T market cap. The future is bright for Yurra and to help lead this is a rare opportunity. It's a vanity metric for VCs. What a month in SF meeting incredible climate people and validating startup ideas E8 provides early-stage funding, participation in follow-on rounds, and expert feedback, coaching, advisors, connections and support for your success. 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 Over time, people learn what they need the software to do. They are the future. 2 The second pillar supports the setting up of new fabs and "open EU foundries" (Article 11, very interesting concept!). 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. CEO @ Acquire.com. Congruent has supported 51 companies over the past 6 years, making it one of the most active and experienced U.S. investors in climate. Limited partners want exposure to later-stage climate startupsdespite a downturn in VC dealmakingin order to mitigate the climate risk embedded in their portfolio, according to Congruent managing partner Abe Yokell. Its become routine for Congruent to kick off a tiny seed round only to see the company raise a $20 million Series Ain short order, Posamentier said. Goldman projects a 7% reduction in the labor population and a 2.5% increase in GDP as a result of AI. Co-Founder and Managing Partner at Congruent Ventures. the climate sector focuses on mobility and urbanization, energy transition, food and agriculture, and sustainable production and consumption.. GOP is the party of capitalism. OMG - we had such a fun time today at 30 Min Chai, sitting down with Naseem and La Keisha Landrum Pierre from Emmeline Ventures talking about product-market fit at pre-seed. - how many fund closes (tldr: one and done is lovely but a vanity metric) And Congruent partners with companies at the earliest stages and the Continuity Fund will be deployed to support them throughout their life cycles. . When you have an incredible business model, you can either disrupt yourself and destabilize your ship, or wait until someone else does it. 3. 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Jean Carroll Testifies TrumpCritic Conway Encouraged Her Lawsuit, Trump Is Denied Mistrial Over Unfair Rulings in E. Jean Carroll Case, ADBs New Climate Program to Offer Up to $15 Billion in Loans, Billionaire Adani Focuses on Energy as Green Unit Profit Surges, Germany Sets the New Standard for Cheap, National Mass Transit, Chinas Now Spurning Ugliest Buildings That Symbolized Its Meteoric Rise, Broke Chinese Gen Zs Turn Factory Town into Top Tourist Spot, How a Blackpool Gang That Couldnt Shoot Straight Pulled Off a $24.5 Million Crypto Heist, Coinbase Sued for Privacy Violations Over Customer Biometrics, Coinbase Insiders Sued for Dumping Stock, Saving $1 Billion. 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. Congruent Ventures raised $304 million for its first fund dedicated to making growth investments in companies it already backs. 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 . 150 LP Meetings Congratulations to our Cooley team led by John Dado who advised Congruent Ventures, a venture capital firm focusing on technology companies that will positively impact energy and resource consumption, on its $300 million Continuity Fund. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Heres the kicker about ClimateTech: the ClimateTech garden and its supporting ecosystem was thoroughly uprooted by the fall-out from the Financial Crisis. All the women in attendance got to listen to a dynamic conversation featuring three-time Olympic soccer medalistBrandi Chastain and four-time Paralympic sitting volleyball medalist Katie Holloway. Safety, Quality, Environment; and Consumer. Range: $100K - $5.0M. Why Google Will Lose the AI War He also was executive . 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). All of this made fundraising a fascinating exercise. Then, they will go look for a best-of-breed in the market and swap out that layer. 1. Special thanks to the Climatebase team for pulling off this fantastic week and the mastermind Evan Hynes behind the whole week! Tahsin Zahid Kiron Chopra Vinamra Agarwal Smita Vaish Agarwal Sudeep Goenka Pankaj Poddar Mohit Malhotra Mohit Kumar Sarvesh Goel JAI AGARWAL. We're committed to making the right talent, resources, and ideas available to our entrepreneurs. 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. Why The Application Layer Has Higher Success Odds Than Infrastructure We discussed how much is "enough," and how do you showcase it for a potential investor. 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 Bio. +33 3 20 66 39 00. As always, more data goodies in the newsletter (linked in first comment). 71 av georges hannart. We are developing the next generation system to produce biochar, a powerful soil amendment that helps to sequester atmospheric carbon. Well done! Huge congrats to the Cooley team led by John Dado who advised Congruent Ventures, a venture capital firm focusing on technology companies that will positively impact energy and resource consumption, on its $300 million Continuity Fund. 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Looking to empower entrepreneurs tackling the world's most challenging problems. Yokell and Posamentier understand the stakes and are working hard on the ClimateTech vanguard. Total number of diversity investments made by an investor, Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Descriptive keyword for an Organization (e.g. https://www.wsj.com/articles/congruent-ventures-raises-growth-fund-to-back-its-climate-tech-startups-db26a110. * 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. 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. : Many companies are looking to make self-driving trucks. 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. 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 These angels provide seed investments to the next wave of entrepreneurs and help their investees with introductions to potential employees, partners, and investors. Senior Associate & Investment Lead at New Ventures | LATAM | Venture Capital | Impact Investing. 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. Congruent Ventures is an early-stage venture fund focused on climate tech and sustainable technologies. Congruent just closed its second fund and has a war chest of $175 million to spend on early stage ClimateTech ventures. Social media darlings whose names you know Instagram, WhatsApp, YouTube, and the like are the most visible actors in the Candy Crush Economy, but their growth has been made possible because of the rich ecosystems of angel investors, venture capital funds, lawyers, bankers, and other providers and partners. We. to evaluate your business viability. 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. All of a sudden, theres a re-platforming where all that market share is up for grabs. Associate. 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. 300. We see how Bembury is able to walk the line of business convention while taking his art to new heights, turning ordinary items into extraordinary footwear. Why The Single Close is a BS VC Vanity Metric For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. AI could replicate the post-WWII surplus that drove the next 40-60 years of prosperity. 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. 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. And some of their LPs. The partners originally targeted a fund size of $125 million, but simply. Your #VC fundraising fun facts today is Tomasz Tunguz The new fund has already invested in seven companies. 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 Also different from the first time around: Yokell and Posamentier have moved on from proving the value of an early-stage climate venture capital firm and are focused more on building an institution. Venture capital pre-MBA associates may get bachelor's degrees in mathematics, statistics, finance, economics, or accounting. InsurteChile Viola Ventures Congruent Ventures, launched in 2017, is co-led by Joshua Posamentier and Abe Yokell, who have decades of climate tech investing expertise between them. Show All Companies in portfolio 80. Chris Abshire is a senior associate at Toyota Ventures, responsible for sourcing startups, evaluating opportunities, negotiating, and closing investments. Inbox your query with your name and contact number and we will get in touch. Charging Up | Gender diversity in climatetech, Down to the Wire | Deep dives into complex energy issues, Eating the Earth | Decarbonizing our food systems. A world class Sinai Ventures invests in internet and software founders at all stages. 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. We look for technology companies that will positively impact our energy and resource consumption. Headquarters Location Congruent Ventures Raises $300 Million for Climate Startups bloomberg.com 1,079 . 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. The two partners will make the early-stage investments through their $50 million. CNH INDUSTRIAL FRANCE. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. 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. Google was uncontested for ~25 years, and now theres a disruptive technology challenging the hegemony. On Thursday, the young San Francisco-based firm closed a $175 million second fund, bringing it to $300 million under management. 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 Climate Robotics is a venture-backed startup building heavy equipment to improve agricultural soils and fight climate change. Then again, SPAC exits returned money to limited partners who can now invest it in anew wave of companies, Yokell noted. Great to meet many of my friends and collaborators while meeting many new ones. 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 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. Kudos! 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. For the summer of 2023, we focused on The Built Environment deals that will qualify for co-investment from our philanthropic Decarbon8-US impact fund and personal investment. At Azolla Ventures, we are excited to announce the launch of the #VentureClimateAlliance alongside 20+ of our venture capital peers (thank you Alexandra We invest globally in breakthrough technology startups that can. We're so excited to announce Congruent's largest fund yet at $300M!!! 6. Big ocean-scale news from Ebb Carbon today - we have secured $20m in Series A funding! This is inspiring and we look forward to witnessing the impact you will continue to make. #semiconductor #research #investments #europe, The Grantham Foundation for the Protection of the Environment. Venture firm Congruent Ventures has raised $175 million for a fund that focuses on investments in early stage climate-technology companies. All star and HoF combination. Yurra is a diversified contracting and partnership focused business that is majority owned by all Yindjibarndi people. Jackie Kossmann is a Partner at Congruent Ventures. Congruent Ventures, a climate-focused VC firm, has closed its first continuity fund with over $300 million in commitments. These are terrific ideas that Id like to learn more about. Josh Posamentier (l) and Abe Yokell (r), managing directors of Congruent Venture Capital, the [+] largest early-stage ClimateTech venture fund in the U.S. At the risk of sounding like Chauncy Gardner the witless antihero played brilliantly by Peter Sellers in his last movie role I believe the world of venture capital to be like a garden. #robotics #leadership #futureofwork. Monthly buyer sign ups for acquire.com are up almost 100% YoY and we're just getting started. Congruent raises new $. Adrian Jones Javier S. CJ Armbrust Alexandre (Alex) Lazarow Its backers include CalSTRS, investors advised by Cambridge Associates, and pension funds in the U.S. and Canada, to name some. Llaunched in 2017, Congruent Ventures is co-led by Joshua Posamentier and Abe Yokell, who have decades of climate tech investing expertise between them. 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. Julian Spector Congruent Ventures, a venture capital firm dedicated to early-stage climate startups, has a new fund to invest. Embedded Controls Engineer Matlab Python Microcontrollers PCB design GUI C/C++ Sensors Their staff has grown to five investors, and they expect the shop to keep expanding. The council has been promoted by the National Skill Development Corporation & Federation of Indian Chambers of Commerce & Industry (FICCI). More of a given fund's dollars are going to current bets - so if you're a new bet, be aware. Voir le site internet. Next stop Chicago! Theres no out-of-bounds if youre early[-stage] and youre doing sustainability, well look at it, co-founder and managing partner Joshua Posamentier told Canary Media. The Yindjibarndi 3C model Enterprise Software. Filter By Geography U.S. China Japan Global Ibrahim AlSuwaidi Principal Matthew C. Bonner COO & Legal Partner David Chao Co-Founder and General Partner Source: SEC filing TAGS Fundraising Iris Dorbian MOST RECENT Spain's Altamar CAM eyes impact with new VC fund Check out the U.S. AMP Robotics, a materials recovery startup. Congratulations Joshua Posamentier and the Congruent Ventures team. 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.
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