Version One Ventures backs mission-driven founders at the earliest stages. Full thesis here: https://versionone.vc/updated-thesis/

Version One Ventures

Climate tech VC. Seed stage. We invest in reducing and reversing the effects of climate change and preparing for a new world. Pale blue dot was founded by Hampus Jakobsson, Heidi Lindvall, and Joel Larsson and is headquartered in Malmö, Sweden.

Pale blue dot

Andreessen Horowitz is a venture capital firm specializing in investing in seed, start-ups, early, mid-stage, growth, and late-stage. It prefers to invest in the social media business and technology sector with a focus on software, back-end infrastructure, the infrastructure of the Internet, cloud computing, enterprise software and services, consumer, business Internet, mobile-Internet, consumer Internet, cloud computing, data storage, social network browsers data-storage, consumer electronics, networking functions, software related biology, biotech, and medicine companies at the intersection of computer science and life sciences with a focus on digital therapeutics, cloud technology in biology, and computational medicine.

Andreessen Horowitz

Maple VC is an angel fund that focuses on founders with Canadian roots.

Maple VC

Coatue is a privately owned hedge fund sponsor. The firm invests in the public equity markets globally focusing on investments in technology, media, and telecommunications in addition to other sectors. It employs a long or short strategy to make its investments.

Coatue

GTMfund is an early-stage fund focused on investing in hyper-growth B2B SaaS companies. The fund is comprised of 260+ go-to-market executives from the fastest-growing companies on the planet (Snowflake, DocuSign, Okta, Salesforce, Twilio, Square, Procore, etc). Our operators have been there, done that, from zero to IPO. We support our founders with everything GTM - from strategy to hiring and execution.

GTMfund

GIC is a global investment firm established in 1981 to manage Singapore's foreign reserves. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate, and infrastructure. GIC invests through funds and directly in companies, partnering with its fund managers and management teams to help world-class businesses achieve their objectives. In tech investing, GIC seeks to be a lifetime partner to the companies it invests in. GIC has investments in over 40 countries around the world. Headquartered in Singapore, GIC employs over 1,700 people across 10 offices in key financial cities worldwide.

B Capital Group backs brash entrepreneurs building technology companies. With offices in Los Angeles, San Francisco, and Singapore, B Capital Group focuses on pioneering start-ups that are ready to scale across the global stage. Partnering with Boston Consulting Group, and its incubation arm BCG Digital Ventures, B Capital delivers access to top corporations to match start-ups with the world's most powerful CEOs, platforms, and brands. B Capital Group's unique multinational presence, combined with deep industry expertise, has built a portfolio of B2B and B2B2C startups that are transforming large traditional industries across borders and geographies. It helps startups navigate business challenges, raise capital, and attract talented leadership at key points of their journeys to scale.

B Capital

Energize Capital is a global alternative investment manager focused on accelerating digital transformation in energy and sustainability. Founded in 2016, Energize has funded 21 companies to date and is backed by strategic and institutional LPs including CDPQ, Invenergy, Schneider Electric, General Electric, Caterpillar, and more. With an unmatched depth and breadth of industry and operational expertise, Energize works in partnership with its portfolio companies to realize their full potential from early commercialization to growth scaling and into the public markets.

Energize Capital

Contrary is a venture fund that identifies and invests in the world’s top talent. Backed by iconic founders from Tesla, Airbnb, Facebook, and more.

Contrary

My Climate Journey Collective is an early-stage climate tech fund. It seeks to invest in early-stage climate tech startups(primarily pre-seed, seed, and A across a wide range of sectors. Its typical check size is between $100-250k and aims for between 3-5 investments per quarter.

My Climate Journey Collective

Blue Impact is an investment firm that invests in and supports entrepreneurs in tackling urgent climate and biodiversity issues.     We cooperate with other investors leading later investment stages to empower founders to go further. We support diverse entrepreneurs with a focus on female founders, as diversity in talent is key to the planetary turnaround. The company invests in pre-seed, seed, and Series A rounds in carbon-neutral transport, smart buildings and cities, renewable energy, and women empowering issues and sectors.

Blue Impact Ventures

AENU drives systemic transformation in venture capital towards impact, accessibility and stakeholder-alignment, with long-term investment for tech-entrepreneurs who solve the climate crisis and advance social equality.

AENU

Patch Technologies

Patch focuses on building infrastructure for a climate-positive economy, starting with an API for carbon removal. The company makes carbon removal as simple as writing a few lines of code. Build sustainable products with ease and put your climate goals on autopilot. It was founded in 2020 and headquartered in San Francisco, California.

Patch offers an application programming interface (API)-based solution for businesses to calculate and offset their carbon footprint. Patch’s API solution can be readily integrated with a business’s existing digital systems to calculate the carbon footprint of both internal and customer-facing operations. Businesses can then offset their carbon footprint through financing verified carbon reduction projects available on the platform.

New technology allows individuals and organizations to become carbon intelligent

Carbon Management Software

Patch

Patch offers an application programming interface (API)-based solution for businesses to calculate and offset their carbon footprint. Patch’s API solution can be readily integrated with a business’s existing digital systems to calculate the carbon footprint of both internal and customer-facing operations. Businesses can then offset their carbon footprint through financing verified carbon reduction projects available on the platform. Key customers and partnershipsAs of February 2021, Patch had around 15 customers using its service. Patch had also partnered with 11 carbon removal suppliers, including leading carbon capture, utilization, and storage (CCUS) companies like Climeworks and Carbon Cure. Other partners include Ascenda, Persefoni, <a href="https://sp-edge.com/updates/6153">Doconomy</a>, <a href="https://sp-edge.com/updates/6816">Afterpay, FARFETCH Platform Solutions, EasyPost</a>,&nbsp; <a href="https://sp-edge.com/updates/7772">MUGO</a> BeZero and <a href="https://sp-edge.com/updates/12484">Searoutes</a>. In October 2023, Patch partnered with <a href="https://sp-edge.com/updates/22888">Puro.earth</a> to integrate the Puro Connect API and allow Puro.earth suppliers to access the Patch marketplace and utilize Patch’s CarbonOS system. Funding and Financials&nbsp;Patch’s most recent funding round was in September 2022, when it raised <a href="https://sp-edge.com/updates/13014">USD 55 million</a> in a Series B funding round led by Energize Ventures. Previously, in September 2021, Patch raised USD 20.75 million in a Series A funding round led by Coatue Management to expand offsetting operations to one-gigaton scale. Previously, in February 2021, Patch raised USD 4.5 million in a seed round led by Andreessen Horowitz.

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 Circular IQ is a Netherlands-based digital platform that offers SaaS-based solutions for businesses to assess their circular performance through smart data-gathering and analytics. Circular IQ collects and analyzes supplier-specific data and provides tailor-made reports for businesses about the circularity of their operations.&nbsp;
 
 
 Circular IQ offers three main services 1) Circular Procurement Program, a service that monitors and reports the circular performance of a business&rsquo;s existing supply chain, 2) Product Circularity Improvement Program, a service in collaboration with KPMG to identify areas where the circularity of an existing supply chain can be improved, and 3) Circular Transition Indicators (CTI) Program, a service that supports and guides businesses through circular transition. The monthly subscription for CircularIQ&rsquo;s services is EUR 5,000 (USD 5,960).&nbsp;
 
 
 In June 2023, Circular IQ reported more than 2,000 CTI customer accounts. 
 KPMG, Whirlpool, Saudi Aramco, Aptar, Rabobank, and Royal DSM are some of Circular IQ&rsquo;s high-profile clients.
 
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Circular IQ

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 Cloverly offers an application programming interface (API)-based business-to-business carbon offset solution that can be integrated into existing e-commerce, rideshare, aviation, fintech, enterprise resource planning, and shipping platforms. Cloverly offsets emissions on a per-transaction basis, which gives businesses the option of transferring the cost of offsetting to customers. For instance, a business using Cloverly can ask the customer to pay slightly extra to offset the carbon footprint of that particular transaction at checkout.&nbsp;
 
 
 Cloverly determines the amount of carbon emitted by a transaction based on data such as package weights and transportation destinations and matches it with carbon offset projects located as closely as possible to the location and the source of the initial carbon-producing activity. After which, Cloverly purchases verified carbon offsets or Renewable Energy Credits (RECs) from the matched carbon offset projects in the amounts needed to cover the carbon footprint of the transaction. As of March 2021, Cloverly charges a service fee of USD 0.25 per transaction.
 
 
 As of March 2021, Cloverly&rsquo;s main focus has been e-commerce by allowing merchants to add Cloverly to their Shopify, BigCommerce, and Magneto stores. The online gift card company, Instagift, also allows its customers to offset emissions through Cloverly.&nbsp;As of February 2020, Cloverly had facilitated 150,000 transactions offsetting nearly 11 million pounds of carbon. In November 2021, Clovery partnered with Diversifi to launch a service that offsets the crypto-carbon footprint.&nbsp;In May 2022, Cloverly also partnered with 
 <a href="https://sp-edge.com/updates/11507">
 BeZero Carbon
 </a>
 to obtain third-party ratings and independent quality assessments and 
 <a href="https://sp-edge.com/updates/11506">
 Redwood Logistics
 </a>
 to measure freight emissions and offset those via carbon credits in July 2022.&nbsp;
 
 
 
 
 Cloverly&rsquo;s most recent funding was in May 2023, when it raised USD 19 million in a 
 <a href="https://sp-edge.com/updates/18533">
 Series A funding
 </a>
 round led by Grotech Ventures. 
 In July 2021, Cloverly raised USD 2.1 million in a seed funding round led by TechSquare Ventures. As a part of the transaction, Cloverly was also spun out from Southern Company, an American gas and electric utility where it was incubated.
 
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Cloverly

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 UK-based Giki offers two mobile apps to reduce the personal carbon footprint of its users:  
 
 
 Giki Badges is an app that allows users to find sustainable and healthy products in supermarkets through 15 unique badges to UK supermarket products based on sustainability, health, and fairness. Customers can scan the product barcode to find the badges that are being awarded to the product. As of March 2021, Giki Badges reported awarding badges to over 280,000 supermarket products.
 
 
 Giki Zero is an app that allows users to calculate and reduce the personal carbon footprint. Giki Zero estimates the personal carbon footprint of a user based on a lifestyle survey (a set of detailed questions about the user’s lifestyle) and provides customized advice to reduce the user’s carbon footprint. Giki Zero Pro is an extension of the same product for businesses which allows employees to monitor and reduce their carbon footprint. 
 
 
 In April 2018, the software company Simpleweb invested an undisclosed amount in Giki in what is the company’s only funding round.
 
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Giki

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 Canada-based Metrio primarily offers SaaS-based Environmental, Social and Governance (ESG) reporting solutions for businesses. Metrio allows companies to monitor their ESG performance in real-time using dashboard tools to create customized reports based on any standard ESG framework. In addition to ESG reporting, Metrio also offers ESG industry benchmarking, supply chain ESG monitoring, and ESG investment management services. 
 
 
 As of June 2021, Metrio reported over 5,000 clients including 75 multinational companies such as Target, Air Canada, Decathlon, and Aldo.
 
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Metrio

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 Proof of Impact (POI) is an Impact-as-a-Service (IaaS) company based in the Netherlands. POI offers a range of SaaS-based digital tools for businesses and investors to collect, verify, and analyze real-time sustainability data from community assessments, Internet of Things devices, and corporate disclosures. The company also verifies and secures them using blockchain technology and presents them in a quantifiable form for sustainable decision making. 
 
 
 POI’s services include: 1) Digital consultancy–digital assessments to create and deploy a company’s sustainability strategy, 2) Impact dashboard–an end-to-end solution to collect, verify, analyze, and report sustainability data, and 3) Impact Catalyst Cloud–cloud-based tools and application programming interface (API) solutions for tracking, verifying, and investing in sustainability projects. 
 
 
 POI also operates a marketplace for sustainability projects where investors may directly select, and fund verified sustainable projects. 
 
 
 POI’s most recent funding was in August 2022, when it raised USD 6 million in a 
 <a href="https://sp-edge.com/updates/12037">
 pre-series A funding
 </a>
 round led by Rakuten Capital. Previously in 
 December 2021, when it raised USD 2.3 million in a seed funding round led by Altera Investments. 
 
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Proof of Impact

Solutions used improve carbon tracking transparency across internal and external business operations

Provides tools to monitor and offset CO2 emissions using reforestation, renewable energy credits, etc

Some carbon trading marketplaces are blockchain based (e.g., Nori)

Some carbon tracking companies use AI to measure and report CO2 emissions (e.g., Persefoni)

Software for offsetting business carbon footprints including carbon intelligence startups that also offer offsetting solutions. Primarily includes instant offsetting services and carbon trading marketplaces.

Patch

EDGE Insights

Carbon Management Software Q3 2022 update: Big Tech’s big move into carbon accounting

Carbon Management Software Q1 2022 update: first signs of cooling down?

Brennan Spellacy, CEO of Patch, on the API layer of the carbon stack

Climate Tech Software Q4 update: More funds! More growth!

Climate tech hotspots to watch out for in 2022

Climate Tech Software funding reaches new heights

Recent Updates

Patch partners with Drax to facilitate carbon credit sales

Puro.earth launches API for sales channel partners

Patch raises USD 55 million in Series B funding

Patch partners with Searoutes to offset shipping carbon footprint

Patch partners with BeZero for joint product offering

Patch partners with MUGO to offset carbon footprint

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