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Search resuls for: "Ada Ventures"


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While much of Europe's startup ecosystem has been hobbled by the rocky macroeconomic environment and soaring interest rates, climate tech has continued to lure funds from venture capitalists. Many climate tech companies work with hardware, meaning debt financing is also an attractive non-dilutive option for working capital between funding rounds. Global private market equity and grant funding for climate tech startups is actually down – it slid 40% to $65 billion in the 12 months ending September 30, according to PwC. Some smaller climate tech companies have made cuts, including vertical farming company InFarm, which retreated from Europe and was declared bankrupt in the Netherlands. Generally, however, layoffs have been a boon for climate as big tech talent has moved into or launched climate tech startups.
Persons: , Siobhan Brewster, Atomico, Brewster, Piotr Bukanski, Mike Schroepfer, Greg Sandoval, retrofits, Barcelona's, Balderton Capital's Magda Lukaszewicz, Stuart Ferguson, Schroepfer, Warner, Aenu's Brewster Organizations: Service, Business, Venture, Energy, Beringea, Gigascale, Sustainable Ventures, Silicon Valley Bank, Global, Ada Ventures Locations: London, Europe's, Ukraine, United States, Europe, Silicon, Netherlands
The institutional investors plying Britain's venture capital sector with cash have a penchant for backing funds owned entirely by men. All-male-owned firms raised 10 times more capital than funds owned by their female counterparts between 2017 and 2023, according to a report by impact fund Ada Ventures. A similar disparity was found among mixed-gender funds, which raised almost five times less than the male-owned funds. Those firms raised around 6.6 billion pounds during that period. Venture capital's diversity issues are well documented but there has been a slew of women leaving the industry this year.
Persons: VCs, Ekaterina Alamasque, Warner, Alamasque Organizations: Ada Ventures, Diversity, Google, Venture, Partners, Women
Europe's startup ecosystem has been battered this year but climate tech founders have managed to avoid the brunt of the immense downturn so far. PwC's global analysis of the sector also points to climate tech outperforming the norm, accounting for a tenth of private market investments in 2023. Venture capital investment into European startups more broadly is primed to slump by around 46% to 58.1 billion euros in 2023. These obligations have helped make climate tech startups "catnip to investors," Sustainable Ventures' Stuart Ferguson said. Last year, European companies like electric vehicle manufacturer Polestar and batter-maker Northvolt raised 1.6 billion euros and 1 billion euros respectively.
Persons: They've, Stuart Ferguson, Fabian Heilemann, Heilemann, Biden's, Warner, Namratha, Mark Bula, Northvolt, Lisa Barclay, Ferguson, Aenu's Organizations: Steel, Venture, Sustainable Ventures, Warner, Ada Ventures, Elyos Energy, Green Steel, Nesta, Investments Locations: Swedish, British, Norwegian, London, Norway
British climate tech startups Materials Nexus and Utopi have both raised funds recently. London-based Materials Nexus raised $2.8 million while Glasgow-based Utopi secured $6.3 million. British climate tech startups Materials Nexus and Utopi raised a combined $9.1 million recently. London-based Materials Nexus is using artificial intelligence to curb the green transition's reliance on mining metals. See the 11-slide redacted pitch deck from Materials Nexus below:Materials NexusMaterials NexusMaterials NexusMaterials NexusMaterials NexusMaterials NexusMaterials NexusMaterials NexusMaterials NexusMaterials NexusMaterials NexusUtopi plots US expansion with new fundsGlasgow-based startup Utopi, founded in 2019, recently secured £5 million (around $6.3 million) in an investment round backed by the Scottish National Investment Bank.
Persons: Utopi, Jonathan Bean Organizations: Ada Ventures, Nexus, Scottish National Investment Bank Locations: London, Glasgow, Cambridge
Quench.ai, a new company from Onfido cofounder Hussayn Kassai, has raised $5 million. The pre-seed round came from an array of firms including Firstminute Capital and Tuesday VC. The startup wants to help upskill young professionals at companies to give them a competitive edge. Quench.ai, a new startup using AI to help upskill workers, has raised $5 million in pre-seed funding. The startup, which was set up by the cofounder of identity verification unicorn Onfido, aims to help professionals find relevant training content to help with learning and development.
Persons: Hussayn Kassai, Kassai, Quench.ai Organizations: Firstminute Capital, Firstminute, VC, BY Venture Partners, Ada Ventures, Ventures, Notion Locations: COVID, Europe
But he said older VCs he's interacted with mostly tend to disagree and stick to emails when interacting with founders. Nathwani strayed into venture capital after finishing his A-Levels, as it looked like a good way to marry his interests in social impact and investing. He spoke with a few investors and a founder as part of his job as a summer associate at Social Impact Capital. He spent most of the morning working on an impact report for Social Impact Capital. 2:30 p.m.Nathwani used some time after lunch to do more work for Social Impact Capital and wade through his 30,000 unread emails.
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