Cerulean Ventures Secures $10M Fund to Tackle Climate Challenges
Cerulean Ventures Closes $10M Pre-Seed Fund
Cerulean Ventures, a leading climate tech venture capital firm, recently marked a significant milestone by closing a $10 million pre-seed fund dedicated to advancing software solutions that address pressing climate issues. This fund specifically targets scalable software innovations that promote biodiversity, natural capital, and climate-positive business practices.
Backing and Vision of Cerulean Ventures
The firm was founded with the backing of key investors such as One Small Planet, along with the Regen Foundation and various global family offices that are committed to financing impactful solutions for climate change. Their mission is clear: to bridge the gap between groundbreaking technology and large-scale market applications.
Jack Wielebinski, Chief Investment Officer of One Small Planet, expressed confidence in Cerulean Ventures, stating, "As tech founders, Jahed and Matthew possess a unique ability to connect complex technologies to wide-reaching markets. We are excited to support Cerulean's mission to invest in software businesses driving nature-positive outcomes globally."
Team and Strategy for Success
The general partners at Cerulean Ventures actively collaborate with early-stage founders to refine their business strategies, establish market entry plans, and secure funding to achieve key milestones. Matthew Stotts, who previously founded a top consultancy in Silicon Valley, along with Jahed Momand, a former co-founder of a developer operations SaaS company, lead the charge in securing investments to help grow climate tech entrepreneurs.
Their combined experience in sustainable finance and agriculture has led to an impressive portfolio that includes software solutions for sustainable supply chains and innovations in the climate finance sector.
Focus Areas of Fund I
Cerulean Ventures Fund I is dedicated to four primary areas: Carbon, Energy, Sustainable Supply Chains, and Climate FinTech. These areas represent vital sectors that align with the firm’s goal of fostering software solutions that create sustainable and regenerative practices within our economy.
Groundbreaking Projects Supported by Cerulean
Cerulean Ventures' portfolio features remarkable projects, some of which include:
Leading the Carbon Market: Earthbanc
Earthbanc has established itself as a pioneering force within the carbon removal sector. The company collaborates with renowned multinational corporations to implement nature-based solutions that effectively capture carbon. Through innovative use of technology, including machine learning and proprietary software, Earthbanc aims to restore degraded land and significantly expand regenerative practices.
Jasmine Energy and Renewable Energy Markets
Jasmine Energy is on a mission to transform the landscape of renewable energy credits. By digitizing and synchronizing the U.S. market, they are making it easier for stakeholders to participate in this critical transition toward renewable energy. Their vision encompasses a global marketplace that incentivizes renewable investment, making them an essential player in the energy sector.
Driving Sustainable Supply Chains: CommonShare
CommonShare is revolutionizing how organizations approach procurement by harnessing AI to foster transparency and fairness across supply chains. Their strategic partnerships, including collaboration with Bureau Veritas, enable them to enhance traceability and compliance across the supply chain, which is pivotal for reducing environmental impacts.
Creating Blockchain for Good: Regen Network
Regen Network is dedicated to establishing a blockchain ecosystem focused on environmental stewardship. This initiative aims to reposition the management of land and natural resources in favor of indigenous communities while promoting responsible financing for biodiversity conservation. Their collaborative efforts and technology tools enable critical funding to flow towards the protection of vital ecosystems.
About Cerulean Ventures
Cerulean Ventures is committed to investing in pre-seed and seed-stage companies operating in sectors such as Climate FinTech, blockchain, and software as a service. Their investment strategy includes identifying earth-scale opportunities that encompass renewable energy, biodiversity, sustainable agriculture, and decarbonization, among others.
Frequently Asked Questions
What is the purpose of Cerulean Ventures' new fund?
The new fund focuses on investing in scalable software solutions that tackle climate change and promote sustainable practices.
Who are the main partners in Cerulean Ventures?
The key partners include Matthew Stotts and Jahed Momand, who both have substantial experience in technology and climate-focused ventures.
What types of companies does Cerulean Ventures invest in?
Cerulean Ventures invests in early-stage companies within Climate FinTech, blockchain, and sustainable software sectors.
How does Cerulean Ventures support its portfolio companies?
They provide strategic guidance, operational support, and assist in establishing go-to-market strategies for their portfolio companies.
What are the key focus areas for the fund?
The fund targets four main areas: Carbon, Energy, Sustainable Supply Chains, and Climate FinTech.
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