Kiko Ventures joins ClimateTech investment crush with $450M Evergreen fund

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Given the gloomy predictions of the coming (and mostly already) climate crisisthe world cannot get enough ClimateTech funds to introduce new innovations that can solve this problem.

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FTSE 250 listed investment company IP Group has previously invested in the area, but clearly “read runes‘ and changed its existing investment strategy, tossed it in the pot, stirred it up and created a properly dedicated cleantech/climate venture capital fund. Kiko Ventures, ClimateTech’s ‘evergreen’ fund (because it comes from a listed entity, so it doesn’t have a 10-year time frame to return the fund like regular venture capital) launches today with a $450m (£375m) fund for investment. in ClimateTech and “regenerative” technologies. He will invest in the Seed and Series A/B stages or in the public capital markets.

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Over the next five years, Kiko intends to deploy £200m by launching existing assets that it says are already valued at more than £175m, as well as a range of new investments that it has yet to announce.

The time is ripe. After all, the Climate Tech VC fact sheet recently reported that global investment in the sector has reached an all-time high. $40 billion last yeara trajectory that is likely to continue.

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The founding team of Kiko Ventures consists of IP Group’s existing cleantech team, led by Robert Trezon and Jamie Vollbracht, with new partner Arne Morteani, formerly of other cleantech venture capital funds.

Previous IP Group investments include fuel cell company Ceres Power (withdrew); Fusion of the first light; and Oxbotica (autonomous mobility software used by BP and ZF).

Trezona (Founding Partner of Kiko Ventures) said in a statement: “We launched Kiko to unleash the power of human ingenuity by bringing together ideas, experience and capital to ensure a sustainable future. To do this, we have created a truly flexible capital investment model that encourages change, not hinders it.”

According to this year’s Atomico report, last year investors poured $10 billion into European start-ups fighting the climate crisis, up from $5.4 billion a year earlier.

In comparison, other European climate-focused funds include Astanor Ventures ($325M), Worldwide Fund (€350M), 2150 (€270M), Norrsken VC (€125M), Blue Horizon €183M), Emerald Technology Ventures ($100M) and Pale Blue Dot ($87M).

But Kiko appears to be the first (as far as we can tell) evergreen fund with access to public market funding rather than traditional venture capital.


Credit: techcrunch.com /

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