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. Congrats to you and your amazing team for your success and for the amazing impact you're having on the climate tech world, Joshua! What does this mean for founders? Shepherding a new venture to success is hard enough; bootstrapping a new economic sector represents something orders of magnitude more difficult. After years of slow spending on early-stage cleantech startups, a new VC firm thinks it's time to jump in. + Watch or listen to the full episode here: https://lnkd.in/g3VPURdE Bloomberg Daybreak Europe. Range: $100K - $5.0M. Goldman projects a 7% reduction in the labor population and a 2.5% increase in GDP as a result of AI. Silicon . Congruent had targeted $125 million for the fund. We look for technology companies that will positively impact our energy and resource consumption. 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. Congruent has supported 51 companies over the past 6 years, making it one of the most active and experienced U.S. investors in climate. 6. 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. It focuses on offering growth capital investment to mobility and urbanization, energy transition, food and agriculture, sustainable production, and consumption industries. 28 April 2023, Subscribe to receive Canary's latest news. Live from London, tracking the breaking and top business news stories in the lead-up to the opening of European markets. The partners originally targeted a fund size of $125 million, but simply could not stop institutional investors from sending them checks. Spent some time with the incredible duo behind Countdown Capital: Jai and Katerina. 15% close rate 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. Congruent Ventures Closes More Than $300 Million Proving Interest in Climate Tech, The Climate Growth Fund Targeting Its Early-Stage Portfolio Makes Congruent One of the Largest Early-Stage Climate Investors with More Than $700M in Assets under Management. 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. A world class Investor in climate change adaptation and mitigation businesses. Not only are the startups Congruent is investing in interesting, the very position of Congruent as a nurturer of tender ClimateTech shoots is unique and vitally important. like decks too) Congruents previous 2 fund families (Fund I family in 2017 at $92 million and Fund II in 2021 at $175 million) have been focused on supporting entrepreneurs who have been building solutions to address sustainability challenges. Stop by and come over the VC round table! #sustainableenergy #future #technology #cleanfuel #heatpumps, Engineer Backend BiMOS & E-Mobility at Hitachi Energy ETHZ, EPFL, Stanford, TUW, EU Chips Act got green light: 43 billion euro ($47 billion)! Read more: Axios As both plants and start-ups grow, numerous problems can and do occur, but the most delicate part of the lifecycle is early on. Enterprise Software. We. 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. Last Name First Name Middle Name; Congruent Ventures II GP, LLC: n/a: Street Address 1 Street Address 2; 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. E8 provides early-stage funding, participation in follow-on rounds, and expert feedback, coaching, advisors, connections and support for your success. Congruent Ventures Raises $300 Million for Climate Startups bloomberg.com 1,079 . If you have female staff in your establishments, Institution and want to get her trained in Self-defense do contact us. Dear network, Yokell and Posamentier understand the stakes and are working hard on the ClimateTech vanguard. 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! This copy is for your personal, non-commercial use only. Congratulations to our client Congruent Ventures, a venture capital firm focusing on technology companies that will positively impact energy and resource John Sellers on LinkedIn: Congruent Announces $300 Million Continuity Fund // Cooley // Global Law And together, LFG! 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.. The round was a follow-on to a $7 million seed round, which closed in 2021. 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 On Thursday, the young San Francisco-based firm closed a $175 million second fund, bringing it to $300 million under management. Surgeon Generals series of mindfulness practices designed to ease stress and strengthen relationships: https://bit.ly/3MTW0Qz. The DCM team has deep expertise and relationships in areas key to entrepreneurial success. 3 The third pillar aims to ensure continuity of supply in case of a semiconductor crisis. The company was established in North America in United States. I bet DeSantis wins the election. We're incredibly fortunate to have the solid backing of Prelude, UC, and Cambridge Associates and some of their clients. Congruents first fund supported 29 startups, running the gamut from grid hardware to fintech, insuretech and steaks made from fungi. OMG - we had such a fun time today at 30 Min Chai, sitting down with Naseem and La Keisha Landrum Pierre from Emmeline Ventures talking about product-market fit at pre-seed. This copy is for your personal, non-commercial use only. 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. Today, I get to combine those experiences to help founders w/ my writing, podcast, and the FWC program All of a sudden, theres a re-platforming where all that market share is up for grabs. 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. - large LP interest in portfolio construction and investment strategy Education and Training. 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. Crusoe Energy San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Congratulations to our client Congruent Ventures, a venture capital firm focusing on technology companies that will positively impact energy and resource John Sellers LinkedIn: Congruent Announces $300 Million Continuity Fund // Cooley // Global Law About Cooley LLP IAS 28 outlines the accounting for investments in associates. tablissement (s) rattach (s) Aucun. Read more at the link below. 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. This is inspiring and we look forward to witnessing the impact you will continue to make. . Its backers include CalSTRS, investors advised by Cambridge Associates, and pension funds in the U.S. and Canada, to name some. I think its the wrong call for almost all those companies at the valuations theyre talking about, Posamentier said. Weve never been busier on the deal-flow side, and the quality of deals is going up as well, Yokell said. CNH INDUSTRIAL FRANCE. 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. 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. Sinai Ventures invests in internet and software founders at all stages. (Span, a company that has reinvented the electric panel to help prepare homeowners for an electrified future, is one of Congruents portfolio companies.). Always onward and upward here at Cooley! If the new shoots can find a dependable water source, have a bit of protection from the elements, and gain a few inches in height, they have the chance to make it to the next stage of life strengthening their stalks in preparation for bearing fruit. If we see an opportunity to partner with a like-minded team. Check out the U.S. Do you dare to try it? Congruent Ventures raised $304 million for its first fund dedicated to making growth investments in companies it already backs. Data caveats - this analysis is on US startups, Seed through Series F. 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. The future is bright for Yurra and to help lead this is a rare opportunity. Thanks to Joyce Sidopoulos, Co-Founder & Chief of Operations, quick friend, and fellow PI Maverick, for inviting me. Hugues Bertin. 8. For acompany thats tapped out of available venture capital, aSPAC offers hundreds of millions of dollars in cash and apotentially favorable valuation, given market enthusiasm for the sector. If I was a climate startup, I'd call Joshua Posamentier, Abe Yokell and Congruent Ventures first. 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. What a month in SF meeting incredible climate people and validating startup ideas You can build a solution to that problem, Special thanks to the Climatebase team for pulling off this fantastic week and the mastermind Evan Hynes behind the whole week! 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 Congruent invested some of the funds in Meati Foods, AMP Robotics, Fervo Energy and Span.IO. Congratulations Joshua Posamentier and the Congruent Ventures team. Our climate sector focuses on mobility and urbanization, energy transition, food and agriculture, and sustainable production and consumption. Chinese dumping of solar panels on the U.S. market caused yet more problems (see also, Solyndra), and there were probably some unreasonable expectations about technical capabilities (see also, KiOR). Frontier climate tech | EIR at Lifeline Ventures | Founder at Survivaltech.club. We are a stage and industry agnostic venture firm. It was great to see the increasing focus on technology and climate with such a great international focus. It is a Yindjibarndi word meaning sun. Josh Posamentier of Congruent Ventures (Congruent Ventures is an investor) Antora Energy Antora Energy's team. We. #selfdefense #selfdefenseforwomen This explains why, so you can avoid their fate. ##founder #funding #business #investing #vc #venturecapital #entrepreneur #startup #money #success #career #ai #artificialintelligence #fundraising #technology #data #leadership - how many LP meetings (shh..150) Congruent Creating the companies that will positively impact how we move, create, eat, and live. Pulse 2.0 focuses on business news, profiles, and deal flow coverage. Venture capital pre-MBA associates may get bachelor's degrees in mathematics, statistics, finance, economics, or accounting. Co-Founder and Managing Partner at Congruent Ventures. If the soil is rich, new shoots struggle tentatively out of the ground. 59170 Croix. Despite the Congruent Ventures, startups are often financed . Members of the VCA are required to: Why DeSantis is Great for Businesses Congruents portfolio includes 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. 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. I look forward to meeting many innovative startups and VC colleagues. As money gets made in a new corner of the market, a complex network forms to support the new fields development. For more details visit https://www.spefl.in Purple is 2023. https://www.wsj.com/articles/congruent-ventures-raises-growth-fund-to-back-its-climate-tech-startups-db26a110. Your current investors are the primary starting point for more capital. 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, said Joshua Posamentier, co-founder and managing partner of Congruent Ventures. Inbox your query with your name and contact number and we will get in touch. I am pleased to share that effective May 1st I have been appointed as Chief Operating Officer of Yurra. The San Francisco firm said it wrapped up its Congruent Continuity Fund I LP, which had a $300 million target, and so far has made two investments from the vehicle. Serving/leading pre-seed impact founders to transform our industries. If you would like to customise your choices, click 'Manage privacy settings'. 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 Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. SPAN: Home Electrification Company Raises $96 Million, Bed Bath & Beyond Files For Bankruptcy: What This Means For Customers, Scaler: How This Technical Education Company Grew To $100 Million In ARR, iPad Air 2 vs. iPad Air 3: Differences You Should Know About. Apr 25 At USV we intend to make a meaningful contribution to solving the climate crisis. SF Climate Week was a fantastic way to end my time in SF (for now!) That's great! Happy Friday ! From 150 LP meetings to raising $230M as a solo GP with Theory Ventures. Why The Single Close is a BS VC Vanity Metric Congruent Ventures, a climate-focused VC firm, has closed its first continuity fund with over $300 million in commitments. Well done! View contacts for Congruent Ventures to access new leads and connect with decision-makers. All rights reserved. https://lnkd.in/dhrJ3dWs -- b.rad. Congruent raises new $. 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. Jackie Kossmann is a Partner at Congruent Ventures. Einride feels they are the best path to electric trucks, and that's the best way to reduce emissions. Monitor your investments 24 hours a day, around the clock from around the globe. All of this made fundraising a fascinating exercise. 7. Overnight on Wall Street is morning in Europe. Heres Why. $230M closed 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 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) Amazing result for Congruent and incredible work by John and his team! Personally, I love Emmeline Ventures' ethos of investing in female founded companies that focus on health, wealth, and living in a cleaner, safer world. Your #VC fundraising fun facts today is Tomasz Tunguz carbon Carbon has developed a patented 3D printing technology, which is able to print high-quality plastic parts at a rapid speed, bringing additive manufacturing from prototyping to production. #itclatam started ! Markets never sleep, and neither does Bloomberg News. 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 Total ikigai. 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. 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. Here is the wild story Tomasz Tunguz shared on 20VC today: 300. Like me, Abe and Josh are interested in VPPs and in the power of innovative software and hardware solutions in grid modernization. Julian Spector April 04, 2018. And Congruent partners with companies at the earliest stages and the Continuity Fund will be deployed to support them throughout their life cycles. Infrastructure layer: Top 3 cloud companies (AWS, GCP, Azure) = ~$2.1T market cap. Catching Up With Sunday, The Green Lawn-Care-In-A-Box Company, IONIQ 6 Makes Hyundai A True Tesla Contender: Test Driven, Companies Must Protect Workers From Heat Stress, Study Warns, McKinsey Predicts Deep Curbs On Car Use, Fall In New Car Sales, Rise Of Micromobility. 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. But god, it is worth every minute. Adrian Jones Javier S. CJ Armbrust Alexandre (Alex) Lazarow explains why this happens and what you can do about it. largest early-stage ClimateTech venture fund in the U.S. Why Blowing Up Pipelines Will Not Solve The Climate Crisis. Cooley is a registered service mark of Cooley LLP in the United States and European Union as well as certain other jurisdictions. Congruent Ventures, a climate-focused VC firm, has closed its first continuity fund with over $300 million in commitments. is senior reporter at Canary Media. Congruent just closed its second fund and has a war chest of $175 million to spend on early stage ClimateTech ventures. So nice to see deeptech focused seed funds On Thursday, the young San Francisco-based firm closed a $ 175 million second fund, bringing it to $ 300 million under management. Bio. Filter By Geography U.S. China Japan Global Ibrahim AlSuwaidi Principal Matthew C. Bonner COO & Legal Partner David Chao Co-Founder and General Partner When you're fundraising, you need to convince people that the company or the fundraising round has an inevitable positive conclusion. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. I am genuinely delighted about joining a company with a solid history and a proud legacy of superior service, innovation, and a strong team. - which LPs And yet you still can fail 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. 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. CleanTech entrepreneurs did not become billionaires, so dont function as angels to ClimateTech entrepreneurs. The vast majority of the investors in a bridge were already on the cap table. Thank you Prelude Ventures, Evok Innovations, Congruent | 24 comments on LinkedIn I very much look forward to future MassRobotics and Lever Talent, Inc. collaborations! It's a long-format article, 30' long. Recently formed Congruent Ventures has closed a $92 . Congruent Ventures raised $304 million for its first fund dedicated to making growth investments in companies it already backs. 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. 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. How to Create Urgency in a Fundraise Investors in SF Bay Area (CA) All rights reserved. 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. As always, more data goodies in the newsletter (linked in first comment). In 2017 was created Congruent Ventures, which is appeared as VC. Next stop Chicago! All star and HoF combination. Cambridge Associates Congruent Ventures consumer products energy food manufacturing prelude ventures venture capital Startups Daily Crunch: Silicon Valley Bank goes bust regulators take. Details: First Round Capital led the all-equity financing, which included existing Evergrow investors XYZ Venture Capital, Congruent Ventures and Garuda Ventures. 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. Their staff has grown to five investors, and they expect the shop to keep expanding. - etc. 3. The San Francisco firm said it wrapped up its Congruent. the climate sector focuses on mobility and urbanization, energy transition, food and agriculture, and sustainable production and consumption.. 9. He also was executive . I am excited about my new role and the prospect of working with the people that have made it successful. CEO @ Acquire.com. 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. He also proposes an astonishing simple framework 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.

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