ArcTern Ventures | LinkedIn The investors see Congruent Ventures as a new type of fund that collaborates closely with follow-on investors. 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 Einride feels they are the best path to electric trucks, and that's the best way to reduce emissions. 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. The Math Behind a $230M First Time Fund: How AI Could Save The US Economy HCS Capital 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. 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 Congruent Ventures fund to focus on early-stage investments, Microsoft Climate Innovation Fund among participants, Rivians Troubles Dont End at a 93% Wipeout, IBM to Pause Hiring for Jobs That AI Could Do, First Republics Jumbo Mortgages Brought On Banks Failure, Buffett Will Beat theMarket asRecession Looms, Investors Say, Yellen Warns Congress Treasury May Run Out of Cash Soon as June. But that can also have adistorting effect, pushing the envelope on valuations for later-stage startups. When you have an incredible business model, you can either disrupt yourself and destabilize your ship, or wait until someone else does it. 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. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. These are terrific ideas that Id like to learn more about. 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. CEO @ Acquire.com. 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. 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). We're so excited to announce Congruent's largest fund yet at $300M!!! $230M closed 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. In Uttar Pradesh, we are currently training 10,000 girls of ITIs and skill development Centres in 1st Phase. Congruent has supported 51 companies over the past 6 years, making it one of the most active and experienced U.S. investors in climate. . Congruent Ventures, launched in 2017, is co-led by Joshua Posamentier and Abe Yokell, who have decades of climate tech investing expertise between them. So far this month we've seen 11,000 buyers register and this same month last year we saw 7,000 buyers register. Stop by and come over the VC round table! 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 partners with companies at the earliest stages, and the Continuity Fund will be deployed to support them throughout their life cycles. Participating investors include the Microsoft Climate Innovation Fund . 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. 1. #itclatam started ! All of a sudden, theres a re-platforming where all that market share is up for grabs. Congruent Ventures raises $175M fund for early-stage | Canary Media Surgeon Generals series of mindfulness practices designed to ease stress and strengthen relationships: https://bit.ly/3MTW0Qz. Based in Oakland, California, the early-stage venture firm focuses on sustainable technologies. Why Google Missed The Mark with DeepMind The application layer has a greater diversity of needs. Application layer: Top 100 cloud companies = ~$2.1T market cap. 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. Dana Cullen - Senior Associate, SCOR Ventures - LinkedIn Edison Almeida on LinkedIn: The Path to Net Zero - BSEC Annual Spring Forum The development of climate-tech startups is crucial in creating a sustainable future! It was founded in 2017 and is based in San Francisco, California. 28 April 2023, Subscribe to receive Canary's latest news. . Charging Up | Gender diversity in climatetech, Down to the Wire | Deep dives into complex energy issues, Eating the Earth | Decarbonizing our food systems. As 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. Congruent Ventures Raises $300 Million for Climate Startups AMP Robotics, a materials recovery startup. 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. 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. AssetWatch is a provider of condition-monitoring services for industrial equipment. Looking through Congruents list of portfolio companies most of which were funded through its original $92 million fund I found a lot to like. (Span, a company that has reinvented the electric panel to help prepare homeowners for an electrified future, is one of Congruents portfolio companies.). 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 3. Jackie Kossmann is a Partner at Congruent Ventures. ##founder #funding #business #investing #vc #venturecapital #entrepreneur #startup #money #success #career #ai #artificialintelligence #fundraising #technology #data #leadership Congruent just closed its second fund and has a war chest of $175 million to spend on early stage ClimateTech ventures. 16.Avalanche Energy4000AAutodeskFounders FundCongruent VenturesA10% . It's driven by how strong of an auction you can develop and what your LP relationships look like. Proceeds from the Continuity Fund will be used to help scale existing portfolio companies from early stage to full commercialization. Its backers include CalSTRS, investors advised by Cambridge Associates, and pension funds in the U.S. and Canada, to name some. Great to meet many of my friends and collaborators while meeting many new ones. 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. Recently formed Congruent Ventures has closed a $92 . 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. What did other regions, like North-America and Asia, invested? 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. Congruents limited partners have followed up with later-stage investments, but so have lots of outside investors. When I was a VC writing checks, I learned how an investor's mind works Markets never sleep, and neither does Bloomberg News. John Sellers LinkedIn: Congruent Announces $300 Million Continuity A late frost, a heavy rain, or a clumsy overseer can crush the life out of the sprouts. We are developing the next generation system to produce biochar, a powerful soil amendment that helps to sequester atmospheric carbon. Just as mycorrhizal networks perform vital functions for the plants growing in fields and forests (see my May Climate Catalysts article, Fantastic Fungi), the commercial networks that evolve to serve and nurture a particular field represent an irreplaceable natural resource. 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. is senior reporter at Canary Media. The firms is looking at seed through Series B, with select late-stage opportunities.. 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. #CFOExecutiveSummit #CFO #mossadams Russell Watts, CLCS, U.S. Department of Health and Human Services (HHS). Early-stage venture firms help their investees with their wider web of connections and provide guidance on strategy, personnel, and organization. For leadership teams, its incredibly difficult to choose to destabilize your own ship. Abe Yokell on LinkedIn: Congruent Ventures Raises $300 Million for Well done! 15% close rate How it works: Evergrow operates an online market where investors can purchase tax credits from qualifying . 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. Close date is drawn out of thin air. Abe Yokell on LinkedIn: Congruent Ventures Raises $300 Million for Climate Startups | 195 comments In 2017 was created Congruent Ventures, which is appeared as VC. It's a long-format article, 30' long. Show All Companies in portfolio 80. 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. Sarah Sha en LinkedIn: KitchenTown + PepsiCo Ventures Group partnership
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