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Search resuls for: "SOSV"


6 mentions found


☆ Rising temperatures and floods leave cities with hefty bills. Startups are working to help them adapt to climate risks.
  + stars: | 2024-03-26 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +10 min
All of this has given rise to climate adaptation, a sector that aims to mitigate against and adapt to the risks associated with climate change. For James Brennan and Navjit Sagoo, two of the scientists behind climate risk analytics startup Climate X, it is imperative that adaption efforts go hand in hand with those working to curb rising temperatures. Indeed, Bank of America analysts predicted the climate adaptation industry would be worth $2 trillion a year by 2026. Climate X made its calculations based on the UN's Intergovernmental Panel on Climate Change's RCP8.5 scenario, which has been deemed to be a "very high" baseline for emissions. Mike Segar/ReutersAll hands on deckThe need for climate adaptation is clear but often overlooked until an extreme weather event occurs, according to Landesman and Chaudhury.
Persons: —, James Brennan, Navjit Sagoo, Abrar Chaudhury, Autarc, Bill Gates, Tucker Landesman, Helge Jørgensen, Mike Segar, Brennan, Sagoo Organizations: Service, Business, Bank of America, Climate, X, Deloitte, University of Oxford's, Business School, New York Times, New, London, Fabian Society, Tech, Breakthrough Energy Ventures, Goldman Sachs, Management, Air, International Institute for Environment, Development Locations: London, New York City, New York, California, Autarc , Massachusetts, Medellin, Colombia, Europe, PitchBook, Mamaroneck, Westchester County , New York, U.S
☆ Electrification could overwhelm energy grids. Startups are betting on AI to make sure that doesn't happen
  + stars: | 2024-03-25 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +10 min
Today's energy grids are unable to keep up with the intense demand being heaped upon them. Globally, energy projects struggle to overcome permitting hurdles. Making smart grids a realityData was transmitted across a national energy grid for the first time in 2016. Startups selling them are hoping to alleviate pressure from physical grid infrastructure and allow operators to do more with the infrastructure they have. Victoria McIvor, an advisor to energy startups who was formerly an investor at the European climatetech firm World Fund, imagines a future where energy tariffs dictate when energy-intensive appliances run.
Persons: Rajesh Swaminathan, it's, Andrés Dancausa, Dancausa, Swaminathan, Victoria McIvor, Timothy Barat, Barat, Duncan Turner, SOSV, Turner, McIvor Organizations: Infrastructure, Service, International Energy Agency, Paris, Investors, Khosla Ventures, US Department of Energy, Fund, Octopus Energy, Continuum Industries, Software Locations: Europe, Ukraine, Portuguese, Amsterdam, California, London, VCs, Scottish
☆ Agtech valuations were crushed in 2023. But food security concerns will keep it on the agenda.
  + stars: | 2024-03-05 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +4 min
The Agtech Unicorn Index, which tracks venture-backed startups in the sector worth over $1 billion, recorded a 20% decline in 2023, according to the Morningstar Unicorn Market Monitor Q4 2023 update. Advertisement"There are more software companies that have sprouted over the past decade, but it traditionally requires fairly technical knowledge about plants and biology." London’s vertical farming unicorn InFarm also struggled and shuttered in Europe . Indeed, PitchBook’s Frederick anticipates agtech will outperform the broader VC ecosystem in the near term due to issues around food security, per PitchBook’s Agtech Q4 2023 report. More broadly, the number of companies hitting unicorn status was at its lowest level since 2017, with 81 new unicorns entering the Morningstar PitchBook Global Unicorn Index in 2023.
Persons: —, Alex Frederick, Frederick, Po Bronson, Bronson, PitchBook’s Frederick, agtech, ” Frederick Organizations: Service, Business, Morningstar, US, Farmers Business Network Locations: cybersecurity, Europe, Ukraine, India, California, Spain
☆ Dry clean your clothes in this climate startup's vending machine
  + stars: | 2023-02-14 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
Dry cleaning is not only costly for consumers, it's costly to the environment as well. While some industrial dry cleaners are opting for greener chemicals, others are looking to change the whole business model. Presso is an Atlanta-based startup that invented what looks like a vending machine for dry cleaning, but its process is a little different. The process, however, takes only a few minutes and can cost up to 80% less than traditional dry cleaning, depending on the garment. None of the process of even doing logistics inside a dry cleaning facility, none of that exists anymore," said Jain.
☆ Founders growing meat in labs raised a huge $600 million in 2022. Check out the pitch deck used by Multus to raise $9.5 million to make slaughter-free growth serum.
  + stars: | 2023-01-16 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +4 min
Lab-grown or cultivated meat is real meat grown from the cells of an animal in a controlled environment, as opposed to rearing and slaughtering said animals. It is now honing in on specific use cases to help cultivated meat manufacturers nail the taste and texture of their products. It expects to bring a range of products to market in 2023, including a growth media specifically for beef. The end goal is to also provide growth media for lab-grown dairy and leather. As well as off-the-shelf products, Multus takes advantage of data and automation to discover new growth media ingredients and formulations.
☆ Hair extension brand Nourie closed a $2.5 million seed round, a difficult feat for Black female founders
  + stars: | 2022-10-31 | by ( Alexandra York | ) www.businessinsider.com   time to read: +2 min
Osahon Ojeaga is the cofounder of Nourie, a startup that soon plans to begin selling plant-based braiding hair extensionsNourie closed a $2.5 million seed round in September, a difficult feat for Black female founders. Here is the 14-page pitch deck Ojeaga used to generate funding to launch her brand. But after four years of being one of the few Black women in the room, and constantly fighting to be seen, she was burned out. That bad braiding experience left her frustrated by the limited options Black women had to protect their hair. In fact, as of 2021, fewer than 200 Black women had ever raised more than $1 million in venture capital.
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