Sustainability catches the eye of Kompas’ shiny new, green-tinted glasses fund

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Dollar is mostly green, but is in the hands of compass, so are the kronor, euro and shekel. The firm has a presence in Amsterdam, Copenhagen and Tel Aviv, and now has $160 million in funding to deploy in its focus areas: sustainability and technological innovation in the construction, real estate and manufacturing industries. The new fund specifically seeks to take early-stage companies under its waxy golden feathers, with check sizes ranging from $1 million-$5 million.

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The fund will be managed by Sebastian Peck and Talia Raffaelli, and has aspirations to back successful innovations that accelerate the adoption of digital technology and industrial automation in the real estate, construction and manufacturing sectors. It specifically seeks to reduce waste and CO2 emissions.

The fund’s strategy is driven by increasing regulatory pressure to reduce CO2 emissions and the emerging desire for a green built environment.

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Kompas’ managers have a recent past in corporate VC in the automotive sector; An industry that has also seen a drastic change in its desire to green pastures. Sebastian Peck previously headed the corporate VC arm for Jaguar Land Rover, while Talia Raffaelli led investments on behalf of Porsche’s VC arm in Europe and Israel.

The fund seeks to locate startups that fall into one of three buckets:

  • Smart, sustainable and healthy home – Advanced materials, smart home technology, IoT and climate technology.
  • Business model and service innovation real estate and construction – Solutions to improve lifecycle asset optimization, architecture and building design, construction methods and customer experience
  • digital enterprise Industrial automation, digital supply chain management, cyber security, enterprise software and the circular economy.
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Sebastian Peck and Talia Rafaeli are leading the new Sustainability Fund for Compass. image credit: compass

“Tackling the existential threat of climate change requires us to think differently about how we design and build our future cities, commercial buildings and residential homes,” says Sebastian Peck. “Today, 39% of global CO2 is emitted by the construction sector and 30% of the waste generated in Europe stems from construction and demolition. To meet its environmental obligations, the sector needs to fundamentally change, which represents tremendous opportunity for technological innovation and new business models,” he adds. “We aim to deliver top quartile financial returns by supporting founders who will make a real impact on our industry.”

“Venture capital plays an important role in funding the development of breakthrough solutions to reduce the climate impact of modern industry and more sustainable business practices,” says Talia Raffaelli. “We are incredibly excited to begin this journey and return to the aspiring founders who are driving this transformation.”

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