congruent ventures associate
Consumer. usv.com Joining the Venture Climate Alliance | Union Square Ventures 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. 3. Senior Associate & Investment Lead at New Ventures | LATAM | Venture Capital | Impact Investing. Embedded Controls Engineer Matlab Python Microcontrollers PCB design GUI C/C++ Sensors Always onward and upward here at Cooley! 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) Huge congrats to the 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. Speaker/Consultant on Robocars and Exponential Technology [email protected], Einrides Self-Driving Goal Is Medium-Haul Electric Trucks, Not Long Haul. 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. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Congratulations to a great, hard working team that I Lucas Mann on LinkedIn: Congruent Ventures Raises Growth Fund to Back Its Climate-Tech Startups We invest globally in breakthrough technology startups that can. 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. 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. Why The Single Close is a BS VC Vanity Metric 9. My newsletter Survivaltech.club was also honored to host an amazing group of deeptech climate builders and investors together with Fifty Years last week Details: First Round Capital led the all-equity financing, which included existing Evergrow investors XYZ Venture Capital, Congruent Ventures and Garuda Ventures. All rights reserved. From that 2009-2017 time period, Congruent was probably the first emerging manager out of the gate with a pure sustainability fund. Climate Robotics is a venture-backed startup building heavy equipment to improve agricultural soils and fight climate change. Range: $100K - $5.0M. - how many LP meetings (shh..150) Congratulations Joshua Posamentier and the Congruent Ventures team. 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. Are you building something exciting and impactful in climate and just forming your first institutional capital? Filter By Geography U.S. China Japan Global Ibrahim AlSuwaidi Principal Matthew C. Bonner COO & Legal Partner David Chao Co-Founder and General Partner A good idea represents the bare minimum requirement to build a successful venture. Then again, SPAC exits returned money to limited partners who can now invest it in anew wave of companies, Yokell noted. Adrian Jones Javier S. CJ Armbrust Alexandre (Alex) Lazarow The round was a follow-on to a $7 million seed round, which closed in 2021. A world class 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 Why DeSantis is Great for Businesses Spent some time with the incredible duo behind Countdown Capital: Jai and Katerina. Congruent just closed its second fund and has a war chest of $175 million to spend on early stage ClimateTech ventures. At Next Play Capital we believe that success leaves clues and work hard to give our community the opportunity to spend time learning from proven winners and champions! As always, more data goodies in the newsletter (linked in first comment). 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. - large LP interest in portfolio construction and investment strategy 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. This is what happens when there is widespread and growing understanding that the new climate normal is not normal. Congruent Ventures Raises $300 Million for Climate Startups bloomberg.com 1,079 . Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. I am excited about my new role and the prospect of working with the people that have made it successful. It is an initiative focused on promoting the safety and well-being of women and girls. The investors see Congruent Ventures as a new type of fund that collaborates closely with follow-on investors. Application layer: Top 100 cloud companies = ~$2.1T market cap. When you have an incredible business model, you can either disrupt yourself and destabilize your ship, or wait until someone else does it. Abe Yokell on LinkedIn: Congruent Ventures Raises $300 Million for Climate Startups | 195 comments . And some of their LPs. Dear network, Read more at the link below. Einride feels they are the best path to electric trucks, and that's the best way to reduce emissions. 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. What does this mean for founders? 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. The application layer has a greater diversity of needs. 3. Josh Posamentier (l) and Abe Yokell (r), managing directors of Congruent Venture Capital, the [+] largest early-stage ClimateTech venture fund in the U.S. At the risk of sounding like Chauncy Gardner the witless antihero played brilliantly by Peter Sellers in his last movie role I believe the world of venture capital to be like a garden. Angel, Fund of Funds, Venture Capital), Whether an Organization is for profit or non-profit, General contact email for the organization. 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. 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. Eric Wesoff, Dan McCarthy . 8. You can have the right market, Why The Application Layer Has Higher Success Odds Than Infrastructure 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 you're fundraising, you need to convince people that the company or the fundraising round has an inevitable positive conclusion. Congruent Ventures has raised $175 million for a fund that focuses on investments in early stage climate-technology companies. 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. We've defined bridge rounds in this case as rounds completed at the same valuation as the prior round. This is inspiring and we look forward to witnessing the impact you will continue to make. It looks for technology companies that will positively impact energy and resource consumption. Live from London, tracking the breaking and top business news stories in the lead-up to the opening of European markets. 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. Our climate sector focuses on mobility and urbanization, energy transition, food and agriculture, and sustainable production and consumption. (Span, a company that has reinvented the electric panel to help prepare homeowners for an electrified future, is one of Congruents portfolio companies.). like decks too) Happy Friday ! 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. More and more venture capital is going to bridge rounds vs primary rounds this year. I am genuinely delighted about joining a company with a solid history and a proud legacy of superior service, innovation, and a strong team. Overnight on Wall Street is morning in Europe. Surgeon Generals series of mindfulness practices designed to ease stress and strengthen relationships: https://bit.ly/3MTW0Qz. Stop by and come over the VC round table! Headquarters Location 150 LP Meetings - etc. A late frost, a heavy rain, or a clumsy overseer can crush the life out of the sprouts. Its backers include CalSTRS, investors advised by Cambridge Associates, and pension funds in the U.S. and Canada, to name some. And Congruent partners with companies at the earliest stages and the Continuity Fund will be deployed to support them throughout their life cycles. Total ikigai. As Please. #itclatam started ! That's great! 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 Pulse 2.0 focuses on business news, profiles, and deal flow coverage. Entitlement spending in the US over the next 10 years is projected to consume ~95% of tax receipts. 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. 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. Congruent had targeted $125 million for the fund. View contacts for Congruent Ventures to access new leads and connect with decision-makers. Read more at the link below. Yokell and Posamentier understand the stakes and are working hard on the ClimateTech vanguard. You can build a solution to that problem, 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 -- b.rad. CleanTech entrepreneurs did not become billionaires, so dont function as angels to ClimateTech entrepreneurs. To understand why the early-stage ClimateTech funding world is so sparse, one must understand how the venture capital garden works. 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 Check out the U.S. Kudos! If the soil is rich, new shoots struggle tentatively out of the ground. Congrats to you and your amazing team for your success and for the amazing impact you're having on the climate tech world, Joshua! From left to right, Tarun Narayan, David Bierman, Justin Briggs (seated),. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. SPEFL-SC is a not-for-profit organization formed by the Ministry of Skill Development and Entrepreneurship (MSDE). - how many fund closes (tldr: one and done is lovely but a vanity metric) It is a Yindjibarndi word meaning sun. On Thursday, the young San Francisco-based firm closed a $175 million second fund, bringing it to $300 million under management. 6. In Uttar Pradesh, we are currently training 10,000 girls of ITIs and skill development Centres in 1st Phase. As money gets made in a new corner of the market, a complex network forms to support the new fields development. Infrastructure layer: Top 3 cloud companies (AWS, GCP, Azure) = ~$2.1T market cap. GOP is the party of capitalism. There are painfully few funds that are focused on investing capital into early-stage ClimateTech ventures, and of those, Congruent is the largest. Julian Spector April 04, 2018. 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. We're incredibly fortunate to have the solid backing of Prelude, UC, and Cambridge Associates and some of their clients. Building something impactful in the climate space is no easy feat, but with determination, a clear vision, and the right resources and support, it is definitely achievable. https://lnkd.in/dhrJ3dWs 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. Their staff has grown to five investors, and they expect the shop to keep expanding. focused on scale across hardware, software, or services, were interested. 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. The vast majority of the investors in a bridge were already on the cap table. 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. Congruent Creating the companies that will positively impact how we move, create, eat, and live. And yet you still can fail The partners originally targeted a fund size of $125 million, but simply could not stop institutional investors from sending them checks. 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. 1. Inspiring! +33 3 20 66 39 00. 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. 2. #semiconductor #research #investments #europe, The Grantham Foundation for the Protection of the Environment. The Yindjibarndi 3C model 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. Thats double the GDP growth of the US. Congruents limited partners have followed up with later-stage investments, but so have lots of outside investors. In this article, Jason Cohen, founder of WP Engine, 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. Markets never sleep, and neither does Bloomberg News. For many use cases, chat will replace search. Are You Ready For AI-Driven Radical ESG Transparency? Congruent Ventures: Over $300 Million In Commitments Raised To Invest In Climate Tech. The San Francisco firm said it wrapped up its Congruent. 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. 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. So my sense is in the beginning, people just want an end-to-end solution that solves a problem. 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. Go to Portfolio; 15% close rate Monitor your investments 24 hours a day, around the clock from around the globe. But that can also have adistorting effect, pushing the envelope on valuations for later-stage startups. Crusoe Energy All of this made fundraising a fascinating exercise. We. It's a vanity metric for VCs. 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. In addition to these areas of mutual interest, I also found some fascinating companies operating in areas Ive never thought about specialty insurance for distributed energy producers, robotic recycling sorters, and tools to genetically enhance microscopic organisms to increase the health of soil biomes. 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. 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 typical case for the fund is to invest in rounds with 4-5 participants. Investors supporting Congruent include CalSTRS, investors advised by Cambridge Associates, multiple U.S. and Canadian pension funds, the Grantham Foundation, Three Cairns Group, Sobrato Capital, and multiple other institutions representing some of the largest endowments, pensions, and foundations in the world. For leadership teams, its incredibly difficult to choose to destabilize your own ship. Tanuj DuttaJackie KossmannChristina OConorMarianne WuNicholas Adeyi Tina BaoSuzie Morano Parmar, CFANadia DugalAbby Steele On Thursday, the young San Francisco-based firm closed a $ 175 million second fund, bringing it to $ 300 million under management. It's driven by how strong of an auction you can develop and what your LP relationships look like. The firm concentrates on backing developers of technologies aimed at reducing carbon emissions. M. climatetech fund despite market slowdown. 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. Thanks to Joyce Sidopoulos, Co-Founder & Chief of Operations, quick friend, and fellow PI Maverick, for inviting me. 38.Rise WorksSino Global CapitalHashKey CapitalDraper AssociatesWeb3 . 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 So nice to see deeptech focused seed funds Great to meet many of my friends and collaborators while meeting many new ones. Heres the kicker about ClimateTech: the ClimateTech garden and its supporting ecosystem was thoroughly uprooted by the fall-out from the Financial Crisis. Congruent Ventures, one of the first venture capital firms to focus squarely on early-stage . 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. M'y rendre : 71 av georges hannart. Read more: Axios The Congruent | 195 comments on LinkedIn Delighted that our LPs saw through the noise to support our growing early stage portfolio! Register here for the whole 30 Minute Chai series, including biweekly masterminds and VC guest sessions: https://lu.ma/30minchai 71 av georges hannart. Experienced early-stage CleanTech venture fund partners threw in the towel and retired to ranches in Wyoming. A bridge tosomewhere, we hope! 300. 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 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. 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. The investors supporting Congruent include CalSTRS, investors advised by Cambridge Associates, multiple U.S. and Canadian pension funds, the Grantham Foundation, Three Cairns Group, Sobrato Capital, and multiple other institutions representing some of the largest endowments, pensions, and foundations in the world. 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. Find out more about how we use your personal data in our privacy policy and cookie policy. is senior reporter at Canary Media. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. The target is $175 million. 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 & Consumption sectors. But god, it is worth every minute. Safety, Quality, Environment; and ACVC LATAM VC CLUB How it works: Evergrow operates an online market where investors can purchase tax credits from qualifying . 5. Opinions expressed by Forbes Contributors are their own. Excited to be kicking off KitchenTown's global partnership with PepsiCo Ventures Group! Looking to empower entrepreneurs tackling the world's most challenging problems. The Math Behind a $230M First Time Fund: Proceeds from the Continuity Fund will be used to help scale existing portfolio companies from early stage to full commercialization. Finally, the act seeks to provide venture funding to start-up, scale-ups, and smaller companies. Why Google Will Lose the AI War 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. 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. 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. Julian Spector Congruent Ventures, a venture capital firm dedicated to early-stage climate startups, has a new fund to invest. Do you dare to try it? For more details visit https://www.spefl.in We discussed how much is "enough," and how do you showcase it for a potential investor. - what to send before (he used a deck, we Sapphire Partners 2023 Cooley LLP and Cooley (UK) LLP.
