Resolve Ventures to support envirotech start-ups through €30m fund
Resolve Ventures, an Irish development and growth capital fund management company has launched the ‘Climate Impact Fund,’ following support from the Irish Innovation Seed Fund.
The Fund, approved by the European Investment Fund, Enterprise Ireland and NTMA Ireland Strategic Investment Fund, will be used to seed and advise Irish early-stage breakthrough companies operating in sustainability and climate tech with sectoral focus on energy, agriculture, mobility, construction, smart consumerism and resource management.
This comes at a time of climate and biodiversity crisis, when investment in climate and nature friendly, high impact, and innovative companies is crucial for sustainable development globally. With an ever-evolving technology development ecosystem to build from, Irish businesses can play a key role in carbon reduction. Therefore, cultivating and scaling sustainability start-ups is key to ensuring the rapid decarbonisation of the Irish and wider global economy, in compliance with legally-binding targets. Resolve Ventures will undertake rigorous assessment in developing a portfolio of decarbonisation solutions that are nature-positive, equitable, and aligned with the UN sustainable development goals.
Aiming to engage in founder-friendly investment, Resolve Ventures will enable companies to grow and scale. This involves developing tailored strategic relationships with corporate partners, offering top-tier scaling and impact guidance, and establishing a peer-support network within the portfolio, dubbed the Venture Ecosystem. This allows for a structured and managed process that connects both parties and supports scale-ups to drive new revenue.
David Scanlon, managing partner of Resolve Ventures, said: “Through this Fund, we hope to aid innovative tech solutions that will power the decarbonisation of our food, energy, transport, and consumption systems.
“This Fund isn’t just beneficial for the environment we all live in, but it makes strong economic sense: governments, utilities, and multinational corporations will be required to invest and spend heavily on sustainability in the coming years in alignment with both the National Development Plan and Climate Action Plan. We are building a portfolio of start-ups to capitalise on this. Our mission is to cultivate our Venture Ecosystem, seizing this market opportunity, while making a meaningful impact on carbon reduction and the preservation of our planet for future generations.”
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