![]() TeleSense was acquired by UPL, a global provider of sustainable agricultural solutions, in January 2021 for an undisclosed amount. TeleSense, one of Congruent’s portfolio companies, developed an internet of things and analytics platform for the cereal and grain storage and transportation industry that identifies anomalies, predicts and prevents grain degradation and provides accurate data for market intelligence. "We're not trying to sell them a new CRM or enterprise SaaS tool, we're selling them the ability to reduce their operational costs."Ĭongruent invests in four categories of companies addressing the climate crisis: mobility and urbanization the energy transition food and agriculture and sustainable production and consumption. "Most of the things that drive climate tech are also good for companies in general," said Joshua Posamentier, managing partner at Congruent Ventures, based in San Francisco. This is double the assets it previously had under management, at $175 million. In April, Congruent Ventures, one of the first venture capital firms to focus on early-stage climate-oriented startups, raised more than $300 million for a "Continuity Fund," which aims to help existing portfolio companies grow their business from early stages into full commercialization. While venture capital funding might be down for climate tech companies, investors continue to make strategic bets on promising startups. Venture capitalists continue to bet on climate solutions Here are three reasons to be optimistic about climate tech in the second half of 2023: 1. All of this is good news for investors looking for returns, corporations who stand to benefit from climate tech innovations, impact career seekers who have new opportunities - and, of course, the future of our planet. ![]() Investors continue to pump money into climate tech startups, laid-off tech workers are flocking to climate tech career opportunities and the seeds of opportunity sowed by the IRA are yet to be reaped. But this doesn’t mean climate tech has reached a bust, either. While the latter half of 2022 saw a boom for climate tech following the signing of the Inflation Reduction Act (IRA) in August - defying the downward trend for the broader tech industry - in 2023 so far, venture capital funding for climate tech startups has slowed to its lowest pace in nearly three years. Climate tech has seen its fair share of ups and downs over the past year. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |