$300M Climate Tech Startup Congruent Ventures Seals the Deal

Congruent Ventures new fund bucks the trend of venture pullback, suggesting continued confidence in climate tech

Although it may have had a down quarter in terms of funding, climate tech is still alive and well with innovative new projects being developed all the time. So don’t count it out yet – 2018 is sure to be an exciting year for this emerging field!

Despite the dismal figures from much of the venture capital sector, climate tech deals were still somewhat popular in 2017. However, it remains to be seen whether this is just a brief blip or if there is a longer-term trend.

With over $1BN invested in climate tech, Congruent Ventures appears to be feeling good about the future of this sector. One of the largest VC firms in the world is signalling its confidence byestablishing a new fund specifically dedicated to climate tech startups. This seems to indicate that not only is there ample investor interest in this space, but that specialists within the industry are confident about their business model and potential for growth.

Continuity Fund has shifted to become a more active investor, with a focus on providing follow-on financing to its portfolio companies. This new direction is likely in response to the increase in competition and advancement of technology that startups face. The Continuity Fund is seeking out companies that are able to stand the test of time and keep up with evolving industry trends.

In the scramble to make initial investments in the tech space, many firms are turning to venture capital. However, one departing firm advises caution, as this type of financing can be risky. While still executing early stage deals, the firm plans to continue forming relationships with technology startups.

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Dylan Williams

Dylan Williams is a multimedia storyteller with a background in video production and graphic design. He has a knack for finding and sharing unique and visually striking stories from around the world.

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