The Bulletin
Business Growth
.

Business News

Eight climate tech companies backed by Sydney's Investible




A cohort of eight innovative technology companies contributing to decarbonisation efforts across sectors such as logistics, biodiversity and agriculture have received commitments worth $30 million from Sydney-based Investible’s Climate Tech Fund.

BusinessNewsAustralia website reports spanning four countries, the investment portfolio includes electric aircraft motor developer Kite Magnetics, electric boat jet propulsion system ZeroJet, agtech Digital Harvest, corporate carbon risk screening software Emmi, AI conservation platform Xylo Systems, designer dress rental marketplace Rntr, shipbroking software Spot Ship and proptech CIM.

A lead investor in Kite Magentics’ $1.85 million seed round, Investible is the first venture capital firm to co-invest in a tech startup alongside Breakthrough Victoria, which manages a $2 billion innovation fund, the website said..

The announcement marks the first round of investments for Investible’s Climate Tech Fund, which is aligned with the UN Environment Programme’s six-sector solution to climate change. It aims to invest in 50 early-stage companies which will contribute to emissions reduction and reversal, and mitigation of the effects of climate change.

Read the full report here.

Photo: Nicholas Doherty/Unsplash

The Bulletin Magazine

CBD Movers has announced that it will increase the number of locations in Melbourne throughout 2022

CBD Movers, a top-rated removalist firm based in Melbourne, is pleased to announce its arrival into suburban areas At CBDMoversMelbourne.com.au, we...

The Bulletin - avatar The Bulletin

Tree Pruning Mistakes and Tips

Each and every day experienced arborists get called out to properties where well-meaning homeowners with a set of hand tools have gone too far in th...

The Bulletin - avatar The Bulletin

3 Tips For Engagement Ring Shopping

If you’ve found your life partner, you may be thinking about getting the perfect engagement ring to celebrate your commitment to each other. Howev...

NewsServices.com - avatar NewsServices.com