But god, it is worth every minute. So my sense is in the beginning, people just want an end-to-end solution that solves a problem. As always, more data goodies in the newsletter (linked in first comment). Surgeon Generals series of mindfulness practices designed to ease stress and strengthen relationships: https://bit.ly/3MTW0Qz. 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. Tanuj Dutta - Partner - Congruent Ventures | LinkedIn I am genuinely delighted about joining a company with a solid history and a proud legacy of superior service, innovation, and a strong team. https://lnkd.in/dhrJ3dWs Jackie Kossmann is a Partner at Congruent Ventures. These are terrific ideas that Id like to learn more about. So far this month we've seen 11,000 buyers register and this same month last year we saw 7,000 buyers register. This is what happens when there is widespread and growing understanding that the new climate normal is not normal. Congruent Ventures, a climate-focused VC firm, has closed its first continuity fund with over $300 million in commitments. The leading representative office of defined VC is situated in the San Francisco. Embedded Controls Engineer Matlab Python Microcontrollers PCB design GUI C/C++ Sensors We're committed to making the right talent, resources, and ideas available to our entrepreneurs. is senior reporter at Canary Media. Why Google Will Lose the AI War 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. #selfdefense #selfdefenseforwomen He also proposes an astonishing simple framework When you're fundraising, you need to convince people that the company or the fundraising round has an inevitable positive conclusion. Grey is 2022. 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. Investor in climate change adaptation and mitigation businesses. 150 LP Meetings (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. We. Congruent Ventures raised $304 million for its first fund dedicated to making growth investments in companies it already backs. You can identify a real problem to solve, 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.. The typical case for the fund is to invest in rounds with 4-5 participants. Engineers who might have been working on more efficient solar power panels suddenly started shifting their attention to creating the next Candy Crush company. Jackie Kossmann is a Partner at Congruent Ventures. #semiconductor #research #investments #europe, The Grantham Foundation for the Protection of the Environment. Over time, people learn what they need the software to do. 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. A late frost, a heavy rain, or a clumsy overseer can crush the life out of the sprouts. How it works: Evergrow operates an online market where investors can purchase tax credits from qualifying . Enterprise Software. We look for technology companies that will positively impact our energy and resource consumption. 3 The third pillar aims to ensure continuity of supply in case of a semiconductor crisis. Overnight on Wall Street is morning in Europe. The new fund has already invested in seven companies. 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 Always onward and upward here at Cooley! Happy Friday ! #startups #saas #entreprenurship, Inventions, Patents, Patent Portfolios, Strategy, Heading to the North Bay Next conference tomorrow at Sonoma State, for the Marin + Sonoma startup community. Most enterprise buyers just want an end-to-end solution that works well. Shepherding a new venture to success is hard enough; bootstrapping a new economic sector represents something orders of magnitude more difficult. Why Companies Do Not Need to Know How AI Works Our San Francisco and Berlin teams are combining our powers with Daniel And yet you still can fail 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. - how many LP meetings (shh..150) 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. You can build a solution to that problem, Well played. Josh Posamentier of Congruent Ventures (Congruent Ventures is an investor) Antora Energy Antora Energy's team. largest early-stage ClimateTech venture fund in the U.S. Why Blowing Up Pipelines Will Not Solve The Climate Crisis. 1. It was great to see the increasing focus on technology and climate with such a great international focus. 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 Partner John Dado led the Cooley team. Dana Cullen - Senior Associate, SCOR Ventures - LinkedIn 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) Oney est une Banque franaise situ Croix, Hauts De France. 1 The first pillar establishes the EU Chips Joint Undertaking, a public-private partnership that supports semiconductor research, pilot production lines, skills, and networking of semiconductor expertise centers. 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 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. Well done! Congruent Ventures raises $175M fund for early-stage | Canary Media How to Create Urgency in a Fundraise Congruent raises new $300M climatetech fund despite | Canary Media Congruent Ventures is an early-stage venture fund focused on climate tech and sustainable technologies. Special thanks to the Climatebase team for pulling off this fantastic week and the mastermind Evan Hynes behind the whole week! 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. 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. Amy Duffuor LinkedIn: #ventureclimatealliance #netzero #netzerovc # 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 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. Congruent Ventures has raised $175 million for a fund that focuses on investments in early stage climate-technology companies. 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. Angel, Fund of Funds, Venture Capital), Whether an Organization is for profit or non-profit, General contact email for the organization. And some of their LPs. 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. Kudos! Congruent Ventures, launched in 2017, is co-led by Joshua Posamentier and Abe Yokell, who have decades of climate tech investing expertise between them. A Cooley team led by John Dado advised Congruent on the deal. Cooley is a registered service mark of Cooley LLP in the United States and European Union as well as certain other jurisdictions. ArcTern Ventures | LinkedIn A world class Early Stage Cleantech | E8 Angels #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. It's a long-format article, 30' long. Working in such a highly regarded and well respected business is both an honour and a privilege. 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. 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. 9. Joshua Posamentier on LinkedIn: Congruent Ventures Raises Growth Fund The partners originally targeted a fund size of $125 million, but simply. We are developing the next generation system to produce biochar, a powerful soil amendment that helps to sequester atmospheric carbon. 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. After years of slow spending on early-stage cleantech startups, a new VC firm thinks it's time to jump in. Venture capital pre-MBA associates may get bachelor's degrees in mathematics, statistics, finance, economics, or accounting. For leadership teams, its incredibly difficult to choose to destabilize your own ship. If the idea takes root, angels introduce the emergent shoots of companies to early-stage venture firms. to evaluate your business viability. John Sellers on LinkedIn: Congruent Announces $300 Million Continuity Oney est situ 34 Avenue de Flandre, 59170 Croix, France, S'il vous plat contacter Oney en utilisant les informations ci-dessous: Adresse, numro de tlphone, fax, code postal, adresse du site Web, e-mail, Facebook. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. In this article, Jason Cohen, founder of WP Engine, 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. They are the future. A bridge tosomewhere, we hope! Congruents first fund supported 29 startups, running the gamut from grid hardware to fintech, insuretech and steaks made from fungi. Source: SEC filing TAGS Fundraising Iris Dorbian MOST RECENT Spain's Altamar CAM eyes impact with new VC fund The new fund nearly doubles the firm's assets to . 28 April 2023, Subscribe to receive Canary's latest news. Jobs at Congruent Ventures Companies | Congruent Ventures SF Climate Week was a fantastic way to end my time in SF (for now!) How to Become a Venture Capital Associate - Investopedia 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. When I was fundraising as a startup CEO, I learned about the struggle 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. Bridge rounds. Yokell and Posamentier understand the stakes and are working hard on the ClimateTech vanguard. Details: First Round Capital led the all-equity financing, which included existing Evergrow investors XYZ Venture Capital, Congruent Ventures and Garuda Ventures. 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. Despite the Congruent Ventures, startups are often financed . 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 just closed its second fund and has a war chest of $175 million to spend on early stage ClimateTech ventures. As capital pours in to climate investments, Congruent Ventures closes Congruent Ventures, one of the first venture capital firms to focus squarely on early-stage . Abe Yokell on LinkedIn: Congruent Ventures Raises $300 Million for Climate Startups | 195 comments Close date is drawn out of thin air. Congruent Ventures - Venture Capital Firm | Signal Congruent Creating the companies that will positively impact how we move, create, eat, and live. Total ikigai. Look back over the past few paragraphs and notice how many times I used the word connection doing so, youll get a glimpse at the degree to which the venture world hinges on professional networks. We. 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 Registration opens at 8AM, looking forward to spending the day there and learning about and taking the pulse of the startup energy in the North Bay! Jackie Kossmann - Partner at Congruent Ventures | The Org Opinions expressed by Forbes Contributors are their own. #selfdefensetraining This is a BETA experience. If we see an opportunity to partner with a like-minded team About Cooley LLP For many use cases, chat will replace search. Members of the VCA are required to: Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. 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. The future is bright for Yurra and to help lead this is a rare opportunity. Associate Director Gresham House Ventures Aug 2022 - Present9 months London, England, United Kingdom Senior Investment Associate (Expat in China) - Shell Ventures Shell Nov 2021 - Aug. CNH INDUSTRIAL FRANCE. M. climatetech fund despite market slowdown. AI could replicate the post-WWII surplus that drove the next 40-60 years of prosperity. - what to send before (he used a deck, we Sapphire Partners $230M closed The target is $175 million. Abe Yokell on LinkedIn: Congruent Ventures Raises $300 Million for Personally, I love Emmeline Ventures' ethos of investing in female founded companies that focus on health, wealth, and living in a cleaner, safer world. For acompany thats tapped out of available venture capital, aSPAC offers hundreds of millions of dollars in cash and apotentially favorable valuation, given market enthusiasm for the sector. In brief: Venture capital firms join Mark Carney's GFANZ with net zero 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. 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). 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. The vast majority of the investors in a bridge were already on the cap table. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. Congruents limited partners have followed up with later-stage investments, but so have lots of outside investors. Congruent Ventures invests in early-stage sustainability technology companies. On Thursday, the young San Francisco-based firm closed a $ 175 million second fund, bringing it to $ 300 million under management. Participating investors include the Microsoft Climate Innovation Fund and affiliates of Prelude Ventures, according to a statement. The DCM team has deep expertise and relationships in areas key to entrepreneurial success. Climatetech investment dropped 36 percent last quarter, but that didn't stop the early-stage investor from launching a new fund that nearly doubles its assets under management. Your current investors are the primary starting point for more capital. A good idea represents the bare minimum requirement to build a successful venture. 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. The investors see Congruent Ventures as a new type of fund that collaborates closely with follow-on investors. Thank you Prelude Ventures, Evok Innovations, Congruent | 24 comments on LinkedIn Llaunched in 2017, Congruent Ventures is co-led by Joshua Posamentier and Abe Yokell, who have decades of climate tech investing expertise between them. Spent some time with the incredible duo behind Countdown Capital: Jai and Katerina. 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. 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. Tahsin Zahid Kiron Chopra Vinamra Agarwal Smita Vaish Agarwal Sudeep Goenka Pankaj Poddar Mohit Malhotra Mohit Kumar Sarvesh Goel JAI AGARWAL. We hope this goes to show that all types of allocators see the value and need for Climate Tina Bao on LinkedIn: Congruent Ventures Raises $300 Million for Climate Startups 5. The Yindjibarndi 3C model 2023 Cooley LLP and Cooley (UK) LLP. Eric Wesoff, Dan McCarthy . Do you dare to try it? 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. Heres Why. Sinai Ventures What does this mean for founders? We're incredibly fortunate to have the solid backing of Prelude, UC, and Cambridge Associates and some of their clients. 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. 6. 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. Venture Capital Firm Raises $175M for Climate Investment Fund Data caveats - this analysis is on US startups, Seed through Series F. Read more: Axios 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. 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 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