Axios Names Alumni Ventures One of the Most Active Climate Tech VCs
Axios named Alumni Ventures the third-most active climate tech VC in the U.S.
In a recent analysis by Axios, Alumni Ventures (AV) ranked third in the number of investments made in U.S.-based climate tech companies, behind only Breakthrough Energy Ventures and SOSV.
The ranking comes as no surprise to those familiar with AV’s reputation for sourcing and investing in promising companies and startups that aim to solve some of the biggest challenges facing our planet. AV has an established track record of investing in entrepreneurs addressing difficult problems, including global warming, sustainable energy production, and net-zero transportation.
Climate change poses a quantifiable economic threat to every country on the planet, according to a report from the Intergovernmental Panel on Climate Change (IPCC). Greenhouse gas emissions from human activities are contributing to permanent changes to the global climate. Innovative startups aim to help consumers and organizations transition to alternative and renewable energy sources, and VC firms have taken notice. According to a PitchBook report, global investors in 2021 closed as many climate-focused funds as were raised during the previous five years combined. Many investors are confident that climate change-related companies are forming an integral part of the overall economy.
We’ve compiled a shortlist of impactful climate tech companies from AV’s portfolio. They run the gamut from products addressing climate change head on to startups seeking to mitigate the consequences of a dramatically changed global climate. All reflect AV’s dedication to investing in entrepreneurs aiming to create a better world for future generations.
Enact is the developer of a cloud-based, solar energy project management system. It has created an end-to-end system that helps utilities, system installers, and building owners design, install, and manage solar panel installations.
FreeWire manufactures mobile energy storage systems to transform electric vehicle energy delivery. Its products deliver clean and quick mobile power on-demand, charging electric vehicles without the added costs of construction or infrastructure upgrades.
Kettle is a property reinsurer focused on wildfires and other climate risks. Kettle leverages deep learning to build more accurate climate-risk models that enable better predictions and reduce loss ratios.
Nitricity is an energy startup whose technology produces nitrogen at the point of use, drastically simplifying fertilizer supply chains for agricultural applications. By eliminating fossil fuel-consuming transportation, Nitricity’s tech reduces the overall carbon footprint of farming industries while promoting sustainable fertilizer production.
Persefoni has developed a platform to help organizations measure, analyze, plan, forecast, and report on their carbon footprint. Its SaaS platform leverages AI to provide a detailed picture of an enterprise’s carbon footprint, simplifying sustainability reports and disclosures for businesses and investment portfolio companies.
X-energy develops commercial nuclear reactors, giving users access to zero-emission energy that is safe, reliable, secure, and affordable. Its high-temperature, gas-cooled nuclear reactors are smaller, simpler, and melt-down proof when compared to conventional nuclear designs.
ZeroAvia is the developer of electric powertrains for aviation. The company uses hydrogen fuel cells to lower fuel and maintenance costs, resulting in up to 50% total trip cost reduction compared to traditional jet powertrains.
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