Welcome to Climate Tech Pulse, your daily source of market intelligence for businesses and investors navigating the rapidly evolving landscape of climate tech solutions. From groundbreaking investments to breakthrough innovations cutting-edge, we’re bringing you the top stories on climate tech that are shaping collective futures.
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Today’s Highlights:
🔝Top Story: Airtree Ventures Closes First Round of $650 Million Fund V, Attracts Global Investors.
💲Investment: Hynfra invests $10.6B in Egypt’s green hydrogen, Vertical Aerospace raises $50M for eVTOL leadership, and Elicit Plant secures €45M for climate-resilient farming.
🔬 Innovation: Barton Blakeley raises £2.4M for emissions capture, while a study warns climate change could cut hydropower by 23% and require $150B to meet zero emissions by 2050.
🔄 Integration: The World Bank approves $250M to improve Morocco’s waste management, while the EU-GCC Green Transition Forum in Abu Dhabi advances sustainable investments and green finance.
💡 Intelligence: Key Insights from Veolia’s 2024 Triple Net Zero Sustainability Report.
Airtree Ventures Closes First Round of $650 Million Fund V, Attracts Global Investors
Image Credit: Airtree
Airtree Ventures Fund V: Securing Global Backing
Airtree Ventures has successfully secured 16% of its $650 million target for Fund V, with major commitments from top-tier US investors, including Adams Street Partners, Harvard Management Company, and the University of Wisconsin endowment. The fund is designed to support Australia’s burgeoning tech ecosystem, with a split focus on Seed-stage investments (Core Fund V) and scaling companies (Opportunity Fund V).
International and Local Investor Interest in ANZ Tech Ecosystem
The backing from prestigious US university endowments, along with renewed support from local Australian superannuation funds like AustralianSuper and TelstraSuper, underscores the growing global appeal of Australian and New Zealand tech startups. Airtree’s increasing international investor base reflects the rising interest in the region’s potential for tech innovation and success.
Airtree’s Strategic Focus and Future Plans
Looking forward, Airtree aims to make a dozen strategic investments annually, using Fund V’s capital to support the next generation of industry leaders. The firm’s growing global presence, with the addition of partner Kelland Reilly and a diverse mix of investors, positions Airtree as a key player in the ANZ tech ecosystem, with final fund closure expected by early 2025. Read More
Investment Highlights of the Day
- Polish renewable energy company Hynfra plans to invest $10.6 billion in a green hydrogen plant in Egypt, with an initial capacity of 100,000 tonnes per year and potential for expansion to one million tonnes annually. Read More
- Bristol-based Vertical Aerospace has secured a $50M funding commitment from Mudrick Capital Management to advance its Flightpath 2030 Strategy and position its eVTOL aircraft as a market leader. Read More
- Elicit Plant has raised €45 million in a funding round led by Carbyne to accelerate international growth, boost commercialization, and advance research on climate-resilient solutions for farmers. Read More
Innovation Highlights of the Day
- UK-based carbon utilization company Barton Blakeley has raised £2.4 million, led by Elbow Beach Capital, to deploy its emissions-capturing system in industry, targeting the removal of 1 kilo-tonne of carbon per system annually. Read More
- A new study warns that climate change could reduce hydropower by 23% and increase demand by 2%, requiring up to $150 billion in additional investments to achieve zero emissions by 2050. Read More
Integration Highlights of the Day
- The World Bank has approved a US$250 million program to strengthen Morocco’s municipal solid waste management, supporting reforms and investments to address ongoing environmental and financial challenges. Read More
- The 1st EU-GCC Green Transition Forum in Abu Dhabi united leaders to advance sustainable investments and green finance across the GCC and EU, building on COP29 momentum. Read More
Climate Insider Intelligence: Key Insights from Veolia’s 2024 Triple Net Zero Sustainability Report
The Veolia 2024 Triple Net Zero Industry Progress Report reveals a stark gap between corporate sustainability ambitions and real-world actions. While 98% of companies recognize the importance of sustainability, only a fraction treat it with the urgency needed to meet net-zero targets. As businesses race against the clock to reduce carbon, water, and waste, the report uncovers both progress and persistent barriers, from regulatory challenges to knowledge gaps. With decarbonization leading the way, but water and waste management lagging behind, the pressure is on for companies to accelerate efforts. Discover the key takeaways and what’s needed to bridge the gap. Read More
