#107 | Climate tech innovation hype curve
Understory newsletter on climate and sustainability tech
Hello community! The Understory team will be at the Circularity 22 conference in Atlanta this week. Give a shout if you will be there - we would love to meet you in person!
You have one more week to register for our next ‘Startups Driving Sustainability’ Showcase which is happening on May 24th. We have a great lineup of speakers:
Partsimony - creating sustainable and resilient supply chains
Agolo - summarizing ESG content at scale
TrueToForm - driving sustainable fashion by improving fit in the apparel design process
Greenpixie - bringing transparency to digital carbon emissions
📚 Worth Reading
Looking for benchmarks on climate tech startups and technology opportunity areas? Silicon Valley Bank published a comprehensive look at The Future of Climate Tech. In addition to breaking down recent fundraising stats, the report showcases revenue growth, valuation, and cash runway of various sectors.
The Innovation Hype Curve highlights areas for potential investment that have runway remaining before reaching plateau: alternative packaging, carbon markets, climate fintech, biofuels, and more. Understory will continue to showcase technologies in these areas to accelerate adoption and scale.
🚀 Funding and Congrats!
Good Startup, a Singapore-based VC firm, raised $34 million to invest in alternative protein companies.
Carbon Clean, a carbon capture firm, raised a $150 million Series C round led by Chevron.
Wind turbine monitoring company SkySpecs raised a $80 million Series D round.
Sencrop, which helps farmers with precision agriculture, raised a $18 million Series B round.
Aqualung Carbon Capture raised a $10 million equity round.
💡 Startup Spotlight
OzoneBio - a biotech company with dead cell fermentation (‘zombie cell’) technology which converts toxic waste into high value materials.
👀 Quick Hits
JLL launched a new non-profit foundation focused on mitigating climate change. It will invest in startups dedicated to environmental sustainability working with Good Machine.
AXA and Unilever launched a new €1 billion regenerative agriculture fund to be managed by Tikehau Capital.
IKEA will start selling home solar panels this fall.
Indonesia and Papua New Guinea are restricting private carbon credit sales in order to audit projects and potentially keep the credits for their own targets instead of providing them to private markets.
Can cat litter solve climate change? Researchers have found a solution that grabs methane from passing air.
🎧 Podcast
Justin Whitehead: investing in a greener future
Rich Mokuolu: sustainable and resilient supply chains
Christian Mundy of Greencom: rewarding green behavior
The Understory Podcast is also available on SoundCloud, Apple Podcasts, Amazon Music, and Google Podcasts.
⚙️ Jobs
Find and share your open positions on the Understory Slack channel.
🆕 Project Manager in Sustainability at infogr8
🆕 Operations Coordinator at Re:Company
🆕 Multiple Roles at Virtual Peaker
🆕 Scientist Roles at Project Drawdown
🆕 Chief of Staff at New Age Meats
🆕 Director of Operations at Returnity
🆕 Engineering roles at Sunairio
🆕 Multiple roles at Pani Energy
🆕 Senior Mechanical Engineer at Charge Robotics
🆕 Product Owner at Return Rabbit
🆕 Product Manager, Low-Carbon Aviation at Google Climate Research
🆕 Director, Investor Relations at Closed Loop Partners
Environmental Program Officer- Thriving Communities at Patagonia
Intern at Newlab
GEM Project Manager at Greenlink Analytics
Business Development, Marketplace Partnerships at Cloverly
Sr. Product Sustainability Strategist at Intel
Circular Economy Specialist at Rubicon
Multiple Roles at Air Protein
Social Media Engagement Intern at Wallet Max
Multiple Roles at Gradient Comfort
ESG/Sustainability Product Lead at Hartford Funds
🗓 Events
May 17-19: Circularity 22 Conference
May 24: Understory’s Startups Driving Sustainability - May Showcase
June 22: Understory’s Startups Driving Sustainability - June Showcase
Do you have any events to share? Post them in our Understory Slack community.
📧 Stay in Touch!
You don’t have to wait for our weekly newsletter for all the latest content. Join us on Slack or follow along on LinkedIn, Instagram, and Twitter to see real-time updates.
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