New VC fund, “2150“Starts with the first closure of a € 200 million ($ 281 million) fund that supports technologies primarily aimed at reducing carbon dioxide emissions in cities. For example, carbon in concrete. A start-up company that injects and monitors building energy. Final settlement is expected by mid-2021.
The 2150 Advisory Board is made up of Richard Florida, a former Chief Sustainability Officer of the Obama administration, a well-known urbanist and scholar. 2150 is based on the idea Half of the world’s population lives in cities, And this will increase by two-thirds by 2050, which will increase the world’s unmanageable environmental impact given the climate crisis.
Based in London, Copenhagen and Berlin, the fund’s Limited Partners are a mix of institutional investors, including Chr, and family offices. Augustinus Fabrikker, Danish Green Future Fund, Novo Holdings. 2150 states that there are other LP partners who are building or managing “real estate over 16 million square meters.” These partners are tired of the effectiveness of their investment in 2150.Anchor funds NREP, Sustainable real estate fund manager with a large Nordic footprint and platform.
Founding partners include Mikkel Bülow-Lehnsby, Chairman and Co-Founder of NREP, a leading real estate logistics company. Jacob Bro, former Chief Product Officer of Rocket Internet; Christian Jølck, founder and former chairman of the industry climate advocacy group SYNERGI. Christian Hernandez, former Facebook executive and VC. Nicole LeBlanc, formerly a member of Alphabet’s urban product incubator Sidewalk Labs. Rahul Parekh, founder of venture capital-backed food tech startup EatFirst and former Executive Secretary of Goldman Sachs. And Alexandra Perez, who grew up and launched an urban tech startup at Tech City Ventures.
The 2150 focuses on startups that can make cities more resilient, efficient and sustainable, investing in technologies related to urban environment, materials, automation and sensor-based surveillance to build buildings. Improves the health, safety and productivity of our residents. Aiming for the first portfolio of about 20 companies, they will only invest if their impact on sustainability can be measured. Start-up ticket sizes range from 4 to 5 million euros in Series A, but we will also invest in existing companies that want to expand.
That first investment CarbonCure Technologies – A Canadian company that reduces the CO2 footprint of concrete – 2150 participated in last year’s funding round and invested with Amazon’s Climate Pledge Fund, Bill Gates-backed Breakthrough Energy Ventures, and Microsoft’s Climate Innovation Fund.Concrete currently accounts for 8% of global CO2 emissions
Hernandez spoke with TechCrunch that the 2150 is particularly interested in becoming known as “ESG Analytics” or “Carbon Accounting.” In other words, it is a platform that can analyze the impact of development in terms of ESG and CO2.
Other background data that influenced the creation of the fund include 2000000000 We need to build a new house in the next 80 years.city Consume More than two-thirds of the world’s energy accounts for more than 70% of the world’s CO2 emissions.13% of world GDP Spent Under construction, the industry is slow to adopt new technologies.And the United Nations Said In cities where the battle for sustainable development “wins or loses”, breakthrough innovation is needed.
Mikkel Bülow-Lehnsby, 2150 Partner, Chairman and Co-Founder of NREP, said: “At NREP, we have fulfilled our 15-year mission to make real estate and cities more efficient, customer-centric and sustainable. At 2150, we leverage all of NREP’s learning and ambitions to join the industry. We are partnering with vendors to identify and accelerate technologies that will help us support our goal of improving real estate. A team of 2150 missions is entrepreneurial, technology and sustainable. I am convinced that the fusion of real estate will play an important role in designing a future that reverses the negative effects of the built environment on the earth. “
Christian Hernandez, a partner of 2150, said: “Cities are a complex living system that is constantly expanding, evolving and adapting, and now half of the world’s population lives and grows in the urban environment. Cities are a means to improve humanity. Currently, it emits 70% of the world’s greenhouse gases and produces most of the earth’s waste. By completely rethinking and transforming the urban environment, urban development and civil life, There is a great opportunity to have a serious impact on the way we work and care. “
The 2150 Advisory Board includes engineers, scientists and designers, including the renowned architect Bjarke Ingels, director of the Andlinger Energy and Environment Center in Princeton. Dr. Lynn Loo, AI Head of Unity. Danny Lange, former Chief Susability Officer of the Obama administration. Christine Harada, founder of sustainable developer EDGE Technologies. And Coenvan Oostrom.
2150 launches with $281M fund to reduce the carbon footprint of the world’s growing cities – TechCrunch Source link 2150 launches with $281M fund to reduce the carbon footprint of the world’s growing cities – TechCrunch