Although considerably smaller than HSBC's £100m investment in Bill Gates' green technology accelerator Catalyst this week, the Green Angel Syndicate Climate Change Fund is an investment vehicle backed by the UK's largest network of specialist investors fighting climate change.
Its success comes as no surprise, as increasing numbers of investors want to make sure their investments are not contributing to the acceleration of climate change and are realising that where they invest their money really does matter. A third of Round 3 subscriptions came from repeat Climate Change Fund investors, which is a great vote of confidence in the Fund.
Green Angel Syndicate is leading the way in climate change technology innovation investment. It receives over 700 applications a year, of which only a select few make it through the investment firm's formidable deal pipeline.
The Climate Change Fund, which launched in November 2020, has allowed those investors committed to reducing and reversing carbon emissions, to invest in a fund that has the sole purpose of supporting the growth of viable pioneering early-stage and startup companies finding solutions to climate change.
The more successful the Climate Change Fund, the greater the impact will be.
Cam Ross, CEO of Green Angel Syndicate says: "The Climate Change Fund acts as a powerful amplifier to our GAS Members' investments. Every pound invested by a GAS Member is topped up by the Climate Change Fund, ensuring that we continue to increase the climate change impact generated by our portfolio companies."
Nick Lyth, Founder and President of GAS comments: "The third round of the Climate Change Fund has been more successful than ever. It is a real sign of a growing recognition of the importance of investment in changing the direction of climate change."
CCF Fund CIO Antoine Pradayrol says: "Tackling climate change requires a complete transformation of all sectors of the economy. We have now fully deployed Round 1 of the Climate Change Fund into 10 companies operating in a variety of high impact sectors, from energy to biodiversity monitoring, and from mobility to agriculture. Round 2 is on track to be deployed by the summer, so it is great to have Round 3 in place to invest in the next cohort of exciting companies currently in Green Angel Syndicate's pipeline."
The GAS Climate Change Fund supports the deals invested in by Green Angel Syndicate, drawing on the specialist expertise of the Syndicate's 300+ members and using the same high standards of due diligence. The Fund, launched by Green Angel Syndicate in association with SFC Capital Partners, is overseen by specialists with depth and breadth of knowledge on climate change, innovation and investment. Round 4 of the Climate Change Fund will open for investment later this year.
Disclaimer - Investment in early-stage companies involves risks such as illiquidity, lack of dividends, loss of investment and dilution. Even when diversified within a fund, investing in early stage companies carries a higher risk than investing in more established companies. Investment in EIS and SEIS funds should be considered as part of a diversified portfolio. Green Angel Syndicate 2 Ltd is an appointed representative of SFC Capital Partners Ltd which is authorised and regulated by the Financial Conduct Authority ('FCA') in the United Kingdom (FRN 736284). The content is for information purposes only and should not be used or considered as an offer or solicitation to purchase or sell any securities