Top level Climate Change investment coalition invites unique early stage investment house to join as its 11th member.
Cleantech for UK, a coalition designed to lead the policy debate for climate change investment, has invited Green Angel Ventures to join as its 11th member. Alongside giants including Octopus Ventures, Breakthrough Energy Ventures, Legal & General Capital, and Imperial College, Green Angel Ventures brings to the coalition a specialisation in early stage investment in cleantech.
The coalition’s authority in this critical field for the future of climate change investment was recognised at its launch in February, which was attended by both the Prime Minister, Rishi Sunak, and Breakthrough Energy Ventures founder Bill Gates. Following Green Angel Ventures, Cleantech for UK plans to invite no more than a further nine members, capping membership at 20.
Cam Ross, CEO of Green Angel Ventures, commented:
“This is an exceptional honour for Green Angel Ventures. It is enormously gratifying that the pioneering work we have been doing for the last six years in climate change investment should gain this recognition. We look forward to working within the coalition to strengthen the policy framework for early stage investment in the technology innovations we so desperately need.”
Sarah Mackintosh, Director of Cleantech for UK, also said:
“Cleantech for UK is delighted to welcome Green Angel Ventures to our coalition. They see the opportunity offered by innovative cleantech companies in the UK, as well as the urgency to drive positive climate outcomes. Policymakers should heed our clarion call to deliver a bold strategy to scale up tomorrow’s cleantech champions.”
The addition of Green Angel Ventures to Cleantech for UK’s coalition is expected to strengthen the initiative’s advocacy for the UK to grasp the once-in-a-generation economic opportunity afforded by the green transition. The full membership list is: Breakthrough Energy Ventures, Undaunted (Imperial College London), Clean Growth Fund, Kiko Ventures, Legal and General Capital, Just Climate, Decarbonization Partners, Deep Science Ventures, Green Angel Ventures, Octopus Ventures, 2150.
Earlier this year, Cleantech for UK released a landmark report on the state of UK cleantech investment. More recently, Cleantech for UK published an open letter, “Fast-track, Fund and Focus”, to the Chancellor of the Exchequer, as well as the Secretary of State for the Department of Energy Security and Net Zero. The letter outlined six priority action items for policy makers, all of which, if enacted, would help maintain the UK’s cleantech competitiveness.