I left my 10+ year C-Suite Career to share my proven playbooks with companies looking to grow fast | Angel Investor | 1 Exit, 1 Failure
$20.7M was poured into Australian start-ups last week, and I noticed something about this. Reading the article by Eloise Keating on SmartCompany I noticed something poignant. All the start-ups listed were Australian Climate Tech companies. Undoubtedly, there were other start-ups and non-Climate Tech ones that confirmed raises last week, which were not reported, but this is an impressive week for Climate Tech. Mick Liubinskas rightly said that funding for Climate has been hard to come by, but I sincerely hope we see more weeks like this. Congrats to the teams at KC8 Capture Technologies, Sircel Limited, EVOS Energy and Fugu for their raises. Also to Woodside Energy, Cemex Ventures, Kilara Capital, Investible, Jelix Ventures and Electrifi Ventures et al for driving these funding events. Climate Tech ecosystem, drop a comment below - is funding on the up or this is a bright spot in a challenging time?
Ryan Hollis
7mo
It's hard to tell from my perspective, Landon Kahn, but I do sense that the stability and forward-looking nature of climate policy, both federally and at a state level, have begun to have more impact. Fingers crossed it stays this way, to then give the private funders more and more confidence, as there is no shortage of solutions being innovated in Australia right now.
Alan Hegerty
7mo
Seem like there is a momentum change.
Andrew Rooke
7mo
Seems like the money is there, but the matching is slow, thoughts Landon? 👍
Climate technology advisor, investor and supporter
7moYes. It’s tough but positive. There are investments being made. I’d like them to be a bit more deals, more dollars, faster… please. ;-) The challenge is that it’s capital intensive with much bigger step ups than saas. Seed round of $800k. Series A of $20m…. We need blended finance. Pollination and Wollemi Capital are leading the way.