Green Angel Ventures: funding climate innovation
Green Angel Ventures is a UK-based investor specialising in early-stage climate innovation and focused on reducing or removing carbon emissions.
Its investment strategy centres on the environmental impact of the companies it supports, leading to a portfolio of 45 companies that have collectively reduced 206,000 tonnes of carbon-equivalent emissions to date.
Green Angel Ventures primarily operates through the Green Angel Syndicate, which comprises of over 350 specialist investor members. This network leverages professional experience to identify and invest in companies with technologies aimed at combating climate change. Green Angel Ventures' investment selection focuses on a company's ability to reduce or remove carbon emissions, and it has so far invested in 45 companies. Typically, Green Angel Ventures invests in 7-10 new companies per year.
The company also oversees the EIS Climate Change Fund, designed for passive investors seeking a diversified portfolio in early-stage businesses that qualify for EIS tax relief. Green Angel Ventures received UK government funding to co-invest with its syndicate members, Green Angel Syndicate. Their investments cover a range of sectors: energy, food and agriculture, water, the built environment, waste and recycling, and natural resources.
What makes Green Angel Ventures different:
- Its specialisation means that it has an abnormally low number of failures. Its processes and exposure to a very large number of opportunities means it is making calculated moves in climate investments
- It focuses solely on the industry sectors that are causing the greatest harm to climate change, and where innovation is needed most: energy, food and agriculture, water, the built environment, waste and recycling, and natural resources
- Green Angel Ventures is among the oldest investors in the UK which specialise in climate innovation
What has Green Angel Ventures achieved so far?
- Launched the only angel syndicate in the UK specialising in the fight against climate change, having now recruited over 350 specialist members
- Raised seven EIS Climate Change Fund rounds since launching the fund in 2020
- In 2021, Green Angel Ventures was allocated £5 million by the UK government, followed by an additional £10 million in 2022
Green Angel Ventures portfolio companies:
Investing in companies that specialise in climate innovation means that Green Angel Ventures’ portfolio is filled with truly innovative companies. These include:
- DEScycle – this startup focuses on e-waste recycling and sustainable metal recovery, by employing a chemical process using Deep Eutectic Solvents to extract metals from electronic waste
- eleXsys Energy – based in Australia, eleXsys Energy optimises the integration of renewable energy into existing electricity grids. Its technology addresses voltage stability issues, enabling a significant increase in distributed energy resources like solar and wind power
- Kelpi – a UK-based startup that develops sustainable packaging solutions using seaweed-derived bioplastics
- Molymem – a University of Manchester deeptech spinout which develops advanced 2D material-based membranes for water filtration and wastewater treatment
- Naked Energy – a UK-based startup focused on developing solar technology to decarbonise heat and power. Its flagship product range, Virtu, includes hybrid photovoltaic-thermal collectors that generate both electricity and heat
- Oceanium – UK-based Oceanium focuses on developing products from seaweed, using its proprietary biorefinery technology to extract maximum value from seaweed to create a range of products, including food ingredients, nutraceuticals, and biodegradable packaging materials
Green Angel Ventures stands out as an important investment firm in the UK. Specialising in early-stage companies dedicated to climate innovation, the funding the venture firm is putting into climate startups is truly making a difference, having already cut down 206,000 tonnes of carbon-equivalent emissions through its current investments.