Safety, Quality, Environment; and Best of luck in your endeavors! As both plants and start-ups grow, numerous problems can and do occur, but the most delicate part of the lifecycle is early on. 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. Julian Spector Congruent Ventures, a venture capital firm dedicated to early-stage climate startups, has a new fund to invest. Congruent Ventures raised $304 million for its first fund dedicated to making growth investments in companies it already backs. Overnight on Wall Street is morning in Europe. Investors in SF Bay Area (CA) Tina Bao LinkedIn: Congruent Ventures Raises $300 Million for Julian Spector Portfolio G2 Venture Partners The new fund has already invested in seven companies. 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. Congruent Ventures, one of the first venture capital firms to focus squarely on early-stage . 59170 Croix. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. -- b.rad. It's a long-format article, 30' long. Why The Application Layer Has Higher Success Odds Than Infrastructure 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. 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. I am genuinely delighted about joining a company with a solid history and a proud legacy of superior service, innovation, and a strong team. We are a stage and industry agnostic venture firm. As always, more data goodies in the newsletter (linked in first comment). This is inspiring and we look forward to witnessing the impact you will continue to make. There are painfully few funds that are focused on investing capital into early-stage ClimateTech ventures, and of those, Congruent is the largest. As the seedling starts to grow stronger and as more industry insiders begin to hear and talk about what the new firm is doing, introductions to those later-stage venture firms are made, and more growth capital flows to the company. Please. (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. Tahsin Zahid Kiron Chopra Vinamra Agarwal Smita Vaish Agarwal Sudeep Goenka Pankaj Poddar Mohit Malhotra Mohit Kumar Sarvesh Goel JAI AGARWAL. 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 AMP Robotics, a materials recovery startup. Josh Posamentier of Congruent Ventures (Congruent Ventures is an investor) Antora Energy Antora Energy's team. Angel, Fund of Funds, Venture Capital), Whether an Organization is for profit or non-profit, General contact email for the organization. focused on scale across hardware, software, or services, were interested. 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. You can identify a real problem to solve, 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. Working in such a highly regarded and well respected business is both an honour and a privilege. Zixin Pan ACMA, CGMA - Associate Director - Gresham House Ventures John Sellers on LinkedIn: Congruent Announces $300 Million Continuity We look for technology companies that will positively impact our energy and resource consumption. The firms is looking at seed through Series B, with select late-stage opportunities.. Personally, I love Emmeline Ventures' ethos of investing in female founded companies that focus on health, wealth, and living in a cleaner, safer world. Spent some time with the incredible duo behind Countdown Capital: Jai and Katerina. Your current investors are the primary starting point for more capital. * 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. 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. Private Equitys First-Quarter Fundraising Dollars Hold Steady but Closings Fall, Ares Management Profit Lifted by Management Fees, Private Investors Looking to Capitalize on Nearshoring Trends Turn to Mexico, I Squared Capitals Andreas Moon Leaves Firm He Helped Build. 71 av georges hannart. As 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. 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. Inbox your query with your name and contact number and we will get in touch. Jackie Kossmann is a Partner at Congruent Ventures. Opinions expressed by Forbes Contributors are their own. 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. The Yindjibarndi 3C model It's driven by how strong of an auction you can develop and what your LP relationships look like. Jackie Kossmann - Partner at Congruent Ventures | The Org Why DeSantis is Great for Businesses Happy Friday ! Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Llaunched in 2017, Congruent Ventures is co-led by Joshua Posamentier and Abe Yokell, who have decades of climate tech investing expertise between them. When I was fundraising as a startup CEO, I learned about the struggle Weve never been busier on the deal-flow side, and the quality of deals is going up as well, Yokell said. A late frost, a heavy rain, or a clumsy overseer can crush the life out of the sprouts. Congruent raises new $. 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. The application layer has a greater diversity of needs. Three minutes of mindfulness can have a lasting impact on your day. - etc. Why Google Will Lose the AI War I bet DeSantis wins the election. Jobs at Congruent Ventures Companies | Congruent Ventures We need reform on the entitlements and a leader who can guide us. I am an optimist and truly believe technology will take us to the sustainable future, as always connecting the dots and reducing the degrees of separations is my primary focus in the decarbonization challenge. Sec Form D/A (AMP Robotics, another of Congruents portfolio companies, is pioneering the use of AI-powered robots to sort waste at recycling centers.). Congruent Ventures - Crunchbase Investor Profile & Investments Congratulations Joshua Posamentier! Early-stage venture firms help their investees with their wider web of connections and provide guidance on strategy, personnel, and organization. Oney est une Banque franaise situ Croix, Hauts De France. Logan Ashcraft's Investing Profile - Congruent Ventures Associate | Signal It looks for technology companies that will positively impact energy and resource consumption. Former CEO of Bizness Apps & Altcoin (both acquired). 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. Based in Oakland, California, the early-stage venture firm focuses on sustainable technologies. The partners originally targeted a fund size of $125 million, but simply. Education and Training. 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 To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. 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. 150 LP Meetings Abe Yokell on LinkedIn: Congruent Ventures Raises $300 Million for So nice to see deeptech focused seed funds Looking through Congruents list of portfolio companies most of which were funded through its original $92 million fund I found a lot to like. Abe Yokell on LinkedIn: Congruent Ventures Raises $300 Million for Climate Startups | 195 comments This is a BETA experience. Thank you Prelude Ventures, Evok Innovations, Congruent | 24 comments on LinkedIn 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. Congratulations to a great, hard working team that I Lucas Mann on LinkedIn: Congruent Ventures Raises Growth Fund to Back Its Climate-Tech Startups Congruent Ventures | LinkedIn 2023 Cooley LLP and Cooley (UK) LLP. 2. Congrats to you and your amazing team for your success and for the amazing impact you're having on the climate tech world, Joshua! ##founder #funding #business #investing #vc #venturecapital #entrepreneur #startup #money #success #career #ai #artificialintelligence #fundraising #technology #data #leadership is senior reporter at Canary Media. The partners originally targeted a fund size of $125 million, but simply could not stop institutional investors from sending them checks. Let's talk. InsurteChile Viola Ventures 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.. https://www.wsj.com/articles/congruent-ventures-raises-growth-fund-to-back-its-climate-tech-startups-db26a110. : Many companies are looking to make self-driving trucks. From 150 LP meetings to raising $230M as a solo GP with Theory Ventures. 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! And yet you still can fail Are You Ready For AI-Driven Radical ESG Transparency? SPAN: Home Electrification Company Raises $96 Million, Bed Bath & Beyond Files For Bankruptcy: What This Means For Customers, Scaler: How This Technical Education Company Grew To $100 Million In ARR, iPad Air 2 vs. iPad Air 3: Differences You Should Know About. 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. Frontier climate tech | EIR at Lifeline Ventures | Founder at Survivaltech.club. Congruent has supported 51 companies over the past six years, making it one of the most active and experienced U.S. investors in climate. Goldman projects a 7% reduction in the labor population and a 2.5% increase in GDP as a result of AI. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Bloomberg Daybreak Europe. These angels provide seed investments to the next wave of entrepreneurs and help their investees with introductions to potential employees, partners, and investors. Live from London, tracking the breaking and top business news stories in the lead-up to the opening of European markets. When Congruent closed its first fund in 2017, Silicon Valley was still nursing its bruises from alate-2000s wave of investments in thin-film solar, algal biofuels and other cleantech long shots that didnt makeit. bp ventures 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. Today, I get to combine those experiences to help founders w/ my writing, podcast, and the FWC program Investors want apiece of the startups that could build alow-carbon society. Investor in climate change adaptation and mitigation businesses. On Thursday, the young San Francisco-based firm closed a $ 175 million second fund, bringing it to $ 300 million under management. Finally, the act seeks to provide venture funding to start-up, scale-ups, and smaller companies. 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. 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. About. Congruent Ventures | LinkedIn 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 Generally speaking, [that concern] is completely resolved.. 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. From left to right, Tarun Narayan, David Bierman, Justin Briggs (seated),. 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. The San Francisco firm said it wrapped up its Congruent. Then again, SPAC exits returned money to limited partners who can now invest it in anew wave of companies, Yokell noted. Yurra is a diversified contracting and partnership focused business that is majority owned by all Yindjibarndi people. Sweet spot: $1.5M. The target is $175 million. Hugues Bertin. 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. 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. 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. 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 If you would like to customise your choices, click 'Manage privacy settings'. Congruent Ventures has raised over $152 million for its second fund, according to an SEC filing. But god, it is worth every minute. Congratulations Joshua Posamentier and the Congruent Ventures team. Climate Robotics is a venture-backed startup building heavy equipment to improve agricultural soils and fight climate change. Details: First Round Capital led the all-equity financing, which included existing Evergrow investors XYZ Venture Capital, Congruent Ventures and Garuda Ventures. Show All Companies in portfolio 80. About Cooley LLP I am excited about my new role and the prospect of working with the people that have made it successful. Congruent Announces $300 Million Continuity Fund Great to meet many of my friends and collaborators while meeting many new ones. Read more: Axios 2. 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. How it works: Evergrow operates an online market where investors can purchase tax credits from qualifying . We look for technology companies that will positively impact our energy and resource consumption. We. Register here for the whole 30 Minute Chai series, including biweekly masterminds and VC guest sessions: https://lu.ma/30minchai A bridge tosomewhere, we hope! $230M closed 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. (Culture, Community & Commercial Development) Monitor your investments 24 hours a day, around the clock from around the globe. More of a given fund's dollars are going to current bets - so if you're a new bet, be aware. This is what happens when there is widespread and growing understanding that the new climate normal is not normal. Silicon . The round was a follow-on to a $7 million seed round, which closed in 2021. CleanTech entrepreneurs did not become billionaires, so dont function as angels to ClimateTech entrepreneurs. They know, as I know, that capitalism holds the best chance for humanity to adapt to the daunting challenges posed by climate change and that building a sustainable economy represents an investment opportunity that will make the Industrial Revolution look penny ante. Check out the U.S. Green Data Dash. I very much look forward to future MassRobotics and Lever Talent, Inc. collaborations! Well done! Special thanks to the Climatebase team for pulling off this fantastic week and the mastermind Evan Hynes behind the whole week! 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. Source: SEC filing TAGS Fundraising Iris Dorbian MOST RECENT Spain's Altamar CAM eyes impact with new VC fund Congruents limited partners have followed up with later-stage investments, but so have lots of outside investors. 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. 8. to evaluate your business viability. 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. Like me, Abe and Josh are interested in VPPs and in the power of innovative software and hardware solutions in grid modernization. The Congruent | 195 comments on LinkedIn Delighted that our LPs saw through the noise to support our growing early stage portfolio! ArcTern Ventures | LinkedIn Congruent Ventures, a climate-focused VC firm, has closed its first continuity fund with over $300 million in commitments. 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. 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. The San Francisco firm said it wrapped up its Congruent Continuity Fund I LP, which had a $300 million target, and so far has made two investments from the vehicle. 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. After a Near-Death Experience, Early-Stage Cleantech Investing Shows A world class - which LPs If it checks all the boxes for security, IT, and compliance teams, then that's good enough, even if they dont understand how it really works. If I asked you to read one article for your startup, . 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. Well played. They are the future. 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) What does this mean for founders? https://lnkd.in/dhrJ3dWs It was great to see the increasing focus on technology and climate with such a great international focus. He also was executive . If the soil is rich, new shoots struggle tentatively out of the ground. 5. Do you dare to try it? HCS Capital In this article, Jason Cohen, founder of WP Engine, For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. #CFOExecutiveSummit #CFO #mossadams Russell Watts, CLCS, U.S. Department of Health and Human Services (HHS). 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 just closed its second fund and has a war chest of $175 million to spend on early stage ClimateTech ventures. We also had the chance to hear about some of the more exciting investments Emmeline Ventures has made. What did other regions, like North-America and Asia, invested? Congruent Ventures announces $300 million fund to scale planet-friendly
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