Venture Climate Alliance

3one4 Capital is proud to join the Venture Climate Alliance, a group of leading VCs committed to achieving net zero or negative greenhouse gas emissions by 2050 or sooner. As India’s pioneering VC PRI signatory, 3one4 Capital continues to nurture its commitment to ESG-aligned businesses. VCs, as early touchpoints between capital markets and early-stage innovation, have a unique ability to help startups integrate net zero goals from day one. The Venture Climate Alliance exists to define, facilitate, and realise net zero-aligned pathways.

💥 The big news I’ve been waiting to tell you: We closed our first fund! At €300M! 💥 The largest first-time fund in European climate VC history! To be honest, the fundraising market was super hard for the past two years: the war, the energy crisis, the inflation and soaring interest rates, the collapse of the Silicon Valley Bank and investors telling me that they wanted to wait and not invest... have turned my hair grey. No joke. Other VCs will know this, but this is why we’re extremely proud today: 🌍 World Fund has brought on very experienced and successful LPs like for example the European Investment Fund (EIF), KfW Capital or VP Capital. 🌍 We have also brought on board professional institutional LPs that invested in a first-time VC fund for the first time ever, like the Environment Agency Pension Fund, Erste Plavi Pension Fund, or Wiltshire Pension Fund. 🌍 Yes, pension funds invested in a first-time climate VC fund! We thus addressed an investor group that (especially in Europe!) so far had little to do with VC and certainly nothing to do with first-time funds. 🌍 Bonjour Bpifrance! Very proud to be the first first-time VC fund you have invested in outside France! 🌍 And yes, World Fund I is the largest first-time fund in European climate VC history! Why does this matter? World Fund has already backed numerous incredible startups with huge climate performance potential, including Planet A Foods, cylib, IQM Quantum Computers, Space Forge, CustomCells , ENOUGH, Juicy Marbles, aedifion, ecoworks, Farmless and Mission Zero Technologies. We’re not done though. This is just the start. Thank you to everyone in our World Fund family, especially Daria Saharova, Craig Douglas and Tim Schumacher! 💚

Thanks #axios for the excellent article on DevEngine Partners launch!

Earlier this week, Daryl Kennedy, Piva's Sustainability & Investor Relations lead participated at the PEI Responsible Investment Forum in New York. Daryl participated in a panel discussing supply chain risks and strategies for resilience in the evolving regulatory landscape of North America. The panel included experts, including Tim Mohin of BCG, Ariel Vita Giumarelli of Kirkland & Ellis, Heidi DuBois of AEA Investors, and Candice Brenet of Adrian, who offered deep dives into fostering sustainable practices across portfolio companies. Daryl's insights underscored our commitment to leading the charge in sustainable investment, highlighting successful case studies and the importance of collaboration to achieve meaningful sustainability outcomes.

On #COP28 Finance Day, the #VentureClimateAlliance is excited to announce the release of our draft Net Zero Aligned Methodology for review and comment. Download and join the conversation here: https://lnkd.in/g6w7msRt #NetZeroVC #NetZeroDayZero #RacetoZero

We are thrilled to announce the successful final close of Fund III. Thank you to our LP partners for their unwavering support in our mission to combat the climate crisis. Our model is simple: we fund innovative tech companies with a core commitment to climate decarbonization. There's much work ahead of us, but we're moving forward with determination and optimism. Onwards and upwards! ArcTern Ventures

It was a big year for the Venture Climate Alliance, which launched in April with two dozen members, and now counts 80+ VC firms working to align their early-stage portfolios with the global transition to #netzero. A draft methodology is out for public comment (through Jan 31). Curious to learn more? Here’s a great write up from one of our founding members, Sam Smith-Eppsteiner at Innovation Endeavors about “Why we’re excited to be part of the Venture Climate Alliance.” Sam sums it up well: “Getting to net zero is a team sport.” 👏👏👏