$300m for Climate And Sustainability companies
Abe Yokell’s Congruent Ventures Raises $300 Million for Climate Startups and will now have more than $700 million in assets under management.
The fund will help its stable of climate-focused startups scale their operations,
Investors include
- the California State Teachers Retirement System —
- Grantham Foundation,
- Sobrato Capital,
- Three Cairns Group and
- investors advised by Cambridge Associates.
Two of Congruent’s companies had already been acquired by oil giant BP Plc: Amply Power, which offers electric vehicle charging for fleets, and Blueprint Power, which provides energy management for buildings.
The Yokell gem 💎
“A story is not going to get you a good exit, here,” he said, in an interview. “You’re going to have to build good companies.”
Posted on April 21, 2023Leave a Reply
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