ESG in VC Insights

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ESG in VC Insights

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ESG in VC Insights

Edition #3

Oksana Stowe
Aug 5, 2022
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ESG in VC Insights

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Hello ESG in VC followers,

Welcome to the 3rd edition of ESG in VC Insights. Curated with 🖤 every month by ESG in VC team.

ESG in the News

  • The flow of capital into European ESG ETFs outperforms the broader market despite ongoing headwinds

  • As many US state legislatures become an ESG battleground, research from Wharton finds that state-imposed barriers on financial institutions with fossil fuels and firearms ESG restrictions may cause unintended costly impacts

  • Global consulting firm, Tata Consultancy Services, introduces its new ESG Integration Solution to accelerate sustainable investing

  • In a recent article, The Economist argues that corporations should prioritize emissions reductions over compliance with existing ESG frameworks

  • Pitchbook releases new research, discussing ESG risks and opportunities in the private real estate sector

The Regulatory Report

  • US Senator Joe Manchin’s sudden reversal now positions US democrats to pass $369 billion in climate and energy spending projected to cut US carbon emissions by 40% from 2005 levels by 2030, if passed, despite oil & gas concessions

  • The UK commits to achieving net-zero emissions in its domestic aviation industry by 2040 via its new 6-point Jet Zero strategy

  • The EU is expected to delay many ESG efforts, including those related to gender equality and exploitative labour practices, amid political infighting

  • The Integrity Council for the Voluntary Carbon Marketplace issues new guidance to ensure that high-quality carbon credit standards are maintained

Noteworthy Raises in E

🇬🇧 UK

  • EV start-up, Onto, a Warwick-based electric vehicle subscription platform, raises $60 million of Series C funding led by Legal & General to support the firm’s expansion across Europe

    • SDGs - 11, 12, 13

  • Circular economy start-up, Itero, a London-based developer of chemical recycling technologies for plastic waste, raises £5.1 million in venture funding led by Infinity Recycling

    • SDGs - 12, 15

  • Energy storage start-up, Nyobolt, a Cambridge-based developer of fast charging batteries for automotive applications, raises £50 million of Series B funding led by H.C. Starck

    • SDGs - 7, 12, 13

🇪🇺 EU

  • Electric charging start-up, Leap24, a Netherlands-based provider of hyper charging stations for electric delivery vans and trucks, raises €15 million of venture funding led by Meewind to expand the company’s network across the Netherlands, Germany, and the UK

    • SDGs - 11, 12, 13

  • Energy transition start-up, Node.Energy, a Frankfurt-based developer of energy management solutions and software, raises €7 million of Series A funding led by BitStone Capital

    • SDGs - 7, 13

  • Emissions data start-up, Root Global, a Berlin-based developer of environmental impact and carbon emissions management software for food manufacturers, processors, and retailers, raises €2.5 million of seed funding led by Project A

    • SDGs - 12, 13

🇱🇷 US

  • Clean fuel start-up, Aircela, a New York City-based developer of solar-powered direct air capture (DAC) units intended to capture carbon for use in eco-fuels, raises $5.5 million in seed funding from an undisclosed investor

    • SDGs - 11, 12, 13

  • Energy data analytics start-up, Odyssey Energy Solutions, a Colorado-based platform intended to make distributed energy data useable and actionable, raises $7.2MM of venture funding from undisclosed investors

    • SDGs - 7, 13

  • Energy storage start-up, Wildcat, a developer of advanced materials for rechargeable batteries, raises $90 million of Series D funding led by Koch Strategic Platforms

    • SDGs - 7, 12, 13

🌏 Asia & Australia

  • Waste wood processing start-up, 3RT, an Australian-based producer of hardwood intended to convert waste wood materials into sustainable products, raises its first VC funding round for an undisclosed amount led by Henkel Tech Ventures

    • SDGs - 12, 15

  • Alternative protein start-up, Liberate Foods, an India-based developer of plant-based proteins, raises $2 million in seed funding led by Better Bite Ventures, Blue Horizon, and Panthera Peak

    • SDGs - 12, 13

Noteworthy Raises in S

🇪🇺 EU

  • Web3 start-up, Jet Learn, a Netherlands-based Web 3.0 education platform for grades K-12, raises €1.2 million led by the INSEAD endowment

    • SDGs - 4, 10

  • Digital Health start-up, UnoBravo, a Italy-based online psychology services platform intended to provide access to mental health services anywhere at any time, raises €17 million of Series A funding led by Insight Partners

    • SDGs - 3, 10

  • EdTech start-up, Seabery, a Spain-based developer of sustainable professional training software for industrial workers utilizing AI and augmented reality, completed its third funding round led by Spain Oman Private Equity Fund and Seaya Ventures

    • SDGs - 4, 8

🇱🇷 US

  • HealthTech start-up, Sage, a New York City-based developer of integrated healthcare operating systems aiming to improve care and quality of life for older adults, raises $9 million in seed funding led by Goldcrest Capital

    • SDGs - 3

  • Blockchain start-up, Topl, a Texas-based developer of blockchain technology to allow businesses to verify and monetize ethical and sustainable practices, raises $15 million in Series A funding led by Mercury, Republic Asia, and Cryptology

    • SDGs - 8, 10, 12

  • HealthTech start-up, NightWare, a Minnesota-based developer of a digital therapeutic platform intended to reduced the traumatic nightmares associated with post-traumatic stress disorder, raises $1 million in funding from the US Air Force

    • SDGs - 3

  • EdTech start-up, The Diversity Movement, a North Carolina-based provider of professional training services to drive improved business outcomes through diversity, equity, and inclusion, raises $0.8 million in venture funding led by Resilient Ventures

    • SDGs - 4, 10

  • Infrastructure start-up, Altaeros, a Massachusetts-based developer of airborne wind turbines intended to deliver advanced technology and infrastructure to rural and remote communities, raises $34.8 million of venture funding from undisclosed investors

    • SDGs - 9, 10

🌍 Africa

  • FinTech start-up, Qwili, a South Africa-based developer of hybrid hardware-software products to promote financial inclusion among merchants in rural communities, raises $1.2 million of seed funding led by Entrepreneurs for Entrepreneurs Africa

    • SDGs - 1, 8, 10

🌏 Asia

  • EdTech start-up, Geekster, an India-based platform designed to help people learn technical skills and get employed, raises $0.2 million in pre-seed funding led by Inflection Point Ventures

    • SDGs - 4, 8

  • HealthTech start-up, Kindly, an India-based fertility care platform making infertility treatments more affordable and accessible, raises $3.25 million of seed funding from Olive Tree Capital, Goodwater Capital and Soma Capital

    • SDGs - 3

Noteworthy Raises in G

  • We’re always on the lookout for new start-ups addressing governance challenges – If you know of any you think should be highlighted, please reach out!

Latest Funds Announcements

  • Founded in 2016 and based in Marina Del Rey, California, VC firm Fifth Wall raises a $500 million fund aimed at decarbonizing the real estate sector

  • Founded in 2022 and based in Berlin, Germany, AENU raises its €100 million evergreen fund to invest in companies solving the climate crisis and advancing social equality

  • Founded in 2020 and based in London, Kiko Ventures raises a $450 million fund to support climate tech start-ups

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