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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. 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 | 66 comments on LinkedIn Joshua Posamentier on LinkedIn: Congruent Ventures Raises Growth Fund to Back Its Climate-Tech Startups | 66 comments Embedded Controls Engineer Matlab Python Microcontrollers PCB design GUI C/C++ Sensors 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. We discussed how much is "enough," and how do you showcase it for a potential investor. Your current investors are the primary starting point for more capital. You will learn why your business idea might not be viable; 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. 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 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. Google was uncontested for ~25 years, and now theres a disruptive technology challenging the hegemony. Members of the VCA are required to: 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. (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. Inc. 30 under 30 Entrepreneur. 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. 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. M'y rendre : 71 av georges hannart. Thats double the GDP growth of the US. Yurra is a diversified contracting and partnership focused business that is majority owned by all Yindjibarndi people. Next stop Chicago! Congrats to you and your amazing team for your success and for the amazing impact you're having on the climate tech world, Joshua! 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.. 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. #semiconductor #research #investments #europe, The Grantham Foundation for the Protection of the Environment. USV (@usv) / Twitter Sarah Sha en LinkedIn: KitchenTown + PepsiCo Ventures Group partnership 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 new fund has already invested in seven companies. I am convinced that even the best idea is worth exactly nothing if that idea doesnt get connected to the right advisors, customers, and investors.*. When I was fundraising as a startup CEO, I learned about the struggle Julian Spector April 04, 2018. Finally, the act seeks to provide venture funding to start-up, scale-ups, and smaller companies. Based in Oakland, California, the early-stage venture firm focuses on sustainable technologies. Partner John Dado led the Cooley team. 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.. - how many fund closes (tldr: one and done is lovely but a vanity metric) Congruent Ventures, aventure capital firm dedicated to early-stage climate startups, has anew fund to invest. Congruent Ventures raised $304 million for its first fund dedicated to making growth investments in companies it already backs. Chris Abshire is a senior associate at Toyota Ventures, responsible for sourcing startups, evaluating opportunities, negotiating, and closing investments. (AMP Robotics, another of Congruents portfolio companies, is pioneering the use of AI-powered robots to sort waste at recycling centers.). Dana Cullen - Senior Associate, SCOR Ventures - LinkedIn The firm concentrates on backing developers of technologies aimed at reducing carbon emissions. Senior Associate, SCOR Ventures Dec 2020 - Present2 years 5 months Innovation Associate, SCOR Syndicate Aug 2018 - Dec 20202 years 5 months London, United Kingdom Medical Analyst, SCOR Global. The company was established in North America in United States. Infrastructure layer: Top 3 cloud companies (AWS, GCP, Azure) = ~$2.1T market cap. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. The investors see Congruent Ventures as a new type of fund that collaborates closely with follow-on investors. Congratulations Joshua Posamentier! Monitor your investments 24 hours a day, around the clock from around the globe. Participating investors include the Microsoft Climate Innovation Fund and affiliates of Prelude Ventures, according to a statement. So my sense is in the beginning, people just want an end-to-end solution that solves a problem. The development of climate-tech startups is crucial in creating a sustainable future! Pulse 2.0 focuses on business news, profiles, and deal flow coverage. 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. Toyota Ventures The Big Picture: Congruent Ventures - Tending ClimateTech - Forbes We hope this goes to show that all types of allocators see the value and need for Climate Tina Bao LinkedIn: Congruent Ventures Raises $300 Million for Climate Startups 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. If I was a climate startup, I'd call Joshua Posamentier, Abe Yokell and Congruent Ventures first. 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. Venture firm Congruent Ventures has raised $175 million for a fund that focuses on investments in early stage climate-technology companies. And yet you still can fail And some of their LPs. 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. 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. 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. If we see an opportunity to partner with a like-minded team Are you building something exciting and impactful in climate and just forming your first institutional capital? Heres the kicker about ClimateTech: the ClimateTech garden and its supporting ecosystem was thoroughly uprooted by the fall-out from the Financial Crisis. Inspiring! Great to meet many of my friends and collaborators while meeting many new ones. Oney Banque Croix, 34 Avenue de Flandre, 59170 Croix, France, What did other regions, like North-America and Asia, invested? Stop by and come over the VC round table! http://dlvr.it/Sn08p3, Founder-Editor, Women Shine | Net Zero Fellow | Co-Founder- Crimansqua Ventures | POSH Trainer, World's Largest Women's Safety Programme by SPEFL-SC. 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. * 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. Spent some time with the incredible duo behind Countdown Capital: Jai and Katerina. 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. Education and Training. That's great! Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. As capital pours in to climate investments, Congruent Ventures closes The application layer has a greater diversity of needs. Congruent Ventures Wants to Prove That Early-Stage Cleantech VCs Can Serving/leading pre-seed impact founders to transform our industries. 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 Purple is 2023. A bridge tosomewhere, we hope! Silicon . 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. ArcTern Ventures | LinkedIn We've defined bridge rounds in this case as rounds completed at the same valuation as the prior round. Congruent Ventures Raises $300 Million for Climate Startups A good idea represents the bare minimum requirement to build a successful venture. Venture capital pre-MBA associates may get bachelor's degrees in mathematics, statistics, finance, economics, or accounting. 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. 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. The round was a follow-on to a $7 million seed round, which closed in 2021. Associate. Sweet spot: $1.5M. #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. Related Persons. I am genuinely delighted about joining a company with a solid history and a proud legacy of superior service, innovation, and a strong team. How to Create Urgency in a Fundraise Why Google Will Lose the AI War Nearly a decade passed before institutional investors were ready to start harvesting from the CleanTech / ClimateTech garden again. #CFOExecutiveSummit #CFO #mossadams Russell Watts, CLCS, U.S. Department of Health and Human Services (HHS). Angel, Fund of Funds, Venture Capital), Whether an Organization is for profit or non-profit, General contact email for the organization. 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. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. #selfdefense #selfdefenseforwomen Always onward and upward here at Cooley! Congruents limited partners have followed up with later-stage investments, but so have lots of outside investors. (Culture, Community & Commercial Development) Happy Friday ! Abe Yokell on LinkedIn: Congruent Ventures Raises $300 Million for We. How to Become a Venture Capital Associate - Investopedia 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. Abe Yokell @Congruent Ventures - Substack Congruent Ventures raises $175 million for early-stage climate tech 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 climate sector focuses on mobility and urbanization, energy transition, food and agriculture, and sustainable production and consumption.. We're so excited to announce Congruent's largest fund yet at $300M!!! -- b.rad. #robotics #leadership #futureofwork. Congruent Ventures invests in early-stage sustainability technology companies. We're incredibly fortunate to have the solid backing of Prelude, UC, and Cambridge Associates and some of their clients. How AI Could Save The US Economy 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. to evaluate your business viability. Filter By Geography U.S. China Japan Global Ibrahim AlSuwaidi Principal Matthew C. Bonner COO & Legal Partner David Chao Co-Founder and General Partner For more details visit https://www.spefl.in Climate-Tech Startups to Watch in 2021, According to VCs - Business Insider And together, LFG! It focuses on offering growth capital investment to mobility and urbanization, energy transition, food and agriculture, sustainable production, and consumption industries. 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 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. 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. Climate Robotics is a venture-backed startup building heavy equipment to improve agricultural soils and fight climate change. 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. The funds commitments represent Limited Partners with more than $2 trillion in assets, bucking the recent trend of LPs trimming their exposure to venture capital and private equity. Shepherding a new venture to success is hard enough; bootstrapping a new economic sector represents something orders of magnitude more difficult. Big ocean-scale news from Ebb Carbon today - we have secured $20m in Series A funding! 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. Its backers include CalSTRS, investors advised by Cambridge Associates, and pension funds in the U.S. and Canada, to name some. Team | DCM Looking through Congruents list of portfolio companies most of which were funded through its original $92 million fund I found a lot to like. #cvc #vc #vclatam 2. Show All Companies in portfolio 80. The DCM team has deep expertise and relationships in areas key to entrepreneurial success. Its backers include CalSTRS, investors advised by Cambridge Associates, and pension funds in the U.S. and Canada, to name some. AMP Robotics, a materials recovery startup. Cooley is a registered service mark of Cooley LLP in the United States and European Union as well as certain other jurisdictions. 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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. What does this mean for founders? 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. 2 The second pillar supports the setting up of new fabs and "open EU foundries" (Article 11, very interesting concept!). ACVC LATAM VC CLUB 59170 Croix. Looking to empower entrepreneurs tackling the world's most challenging problems. Prior to joining Toyota Ventures, Chris was on the investment team at Fenox Venture Capital, where he led the U.S. due diligence process and market research activities. A Cooley team led by John Dado advised Congruent on the deal. So nice to see deeptech focused seed funds 5. CEO @ Acquire.com. Grey is 2022. We invest globally in breakthrough technology startups that can. There are painfully few funds that are focused on investing capital into early-stage ClimateTech ventures, and of those, Congruent is the largest. 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. Yokell and Posamentier understand the stakes and are working hard on the ClimateTech vanguard. Last Name First Name Middle Name; Congruent Ventures II GP, LLC: n/a: Street Address 1 Street Address 2; It is an initiative focused on promoting the safety and well-being of women and girls. 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. Another dedicated early-stage fund launched last week in Houston. More of a given fund's dollars are going to current bets - so if you're a new bet, be aware. Then, they will go look for a best-of-breed in the market and swap out that layer. CleanTech entrepreneurs did not become billionaires, so dont function as angels to ClimateTech entrepreneurs. Portfolio G2 Venture Partners You can build a solution to that problem, Let's talk. Oney est une Banque franaise situ Croix, Hauts De France. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Here is the wild story Tomasz Tunguz shared on 20VC today: 1. 4. There's nothing terrible about having multiple closes. 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. Congruent raises new $300M climatetech fund despite | Canary Media Congruent invested some of the funds in Meati Foods, AMP Robotics, Fervo Energy and Span.IO. Edison Almeida on LinkedIn: The Path to Net Zero - BSEC Annual Spring Forum 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. He also was executive . Congruent Ventures raises $175M fund for early-stage | Canary Media Congruent Ventures | LinkedIn 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. Headquarters Location 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. In Uttar Pradesh, we are currently training 10,000 girls of ITIs and skill development Centres in 1st Phase. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. 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. Are You Ready For AI-Driven Radical ESG Transparency? The Math Behind a $230M First Time Fund: As both plants and start-ups grow, numerous problems can and do occur, but the most delicate part of the lifecycle is early on. pod with Harry Stebbings giving all the details you'd want to know about how he raised his FTF. Hugues Bertin. Investors in SF Bay Area (CA) Tina Bao LinkedIn: Congruent Ventures Raises $300 Million for What a month in SF meeting incredible climate people and validating startup ideas bp ventures We look for technology companies that will positively impact our energy and resource consumption. About Cooley LLP The typical case for the fund is to invest in rounds with 4-5 participants. Lucas Mann on LinkedIn: Congruent Ventures Raises Growth Fund to Back Total ikigai. Innovation Weve never been busier on the deal-flow side, and the quality of deals is going up as well, Yokell said. 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. This copy is for your personal, non-commercial use only. Congruent Ventures raised $304 million for its first fund dedicated to making growth investments in companies it already backs. The firms is looking at seed through Series B, with select late-stage opportunities.. . The San Francisco firm said it wrapped up its Congruent. Congruents first fund supported 29 startups, running the gamut from grid hardware to fintech, insuretech and steaks made from fungi. 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 When you're fundraising, you need to convince people that the company or the fundraising round has an inevitable positive conclusion.