#130 | Q3 Venture Funding Stats + Gardening Tech
Understory newsletter on climate and sustainability tech
Happy Monday! Don’t forget to register for our November 2nd showcase featuring founders from Climate X, Capture6, 4Earth, and Vertical Activewear.
📚 Worth Reading
Venture funding for climate tech was extremely healthy in Q3 2022. Six of the top ten largest deals were climate tech companies, including: Northvolt, TeraWatt Infrastructure, TerraPower, and Black Sesame. The sub-sectors getting the most attention include: batteries, nuclear energy, EVs, renewables, manufacturing, and SaaS.
Worth Reading: Climate tech had a huge Q3 in venture capital investments.
There are numerous environmental benefits to gardening: increased biodiversity, improved soil condition, reducing carbon emissions, and more. Unfortunately, home gardeners often have a hard time starting a garden on their own and over two-thirds fail.
GrowSquares is a technology solution that provides data insights and recommendations to help users create, organize, and grow their gardens more efficiently. Discover how the app works by reading our latest profile piece and revisiting Zachary Witman’s showcase presentation earlier this year.
Worth Reading: GrowSquares: Gardening Outside the Box
🚀 Funding and Congrats!
Spherics, a carbon accounting platform, was acquired by Sage, an accounting tech firm.
Rheaply acquired the United States Business Council for Sustainable Development's Materials Marketplace.
Agtech company Soli Organic raised a $125 million Series D funding round.
The Rounds, a refill delivery company, raised a $38 million Series A round.
Net Purpose, a sustainable investing platform, raised a $11 million Series A round.
Indonesian waste management startup Waste4Change raised $4 million in Series A funding.
Earthmover raised a $1.7 million pre-seed round. The company is building a cloud data stack for climate science.
💡 Startup Spotlight
Electra - a green iron company that produces steel without generating carbon emissions.
🌱 Startup Resources
Apply by October 21st: Breakthrough Energy’s Fellows Program
Apply by October 31st: Activate New York Cohort 2023 - Fellowship Program
Apply by November 18th: BNEF Pioneers Program
👀 Quick Hits
Impact investing has increased 40% over the past 2 years, hitting $1 trillion.
Microsoft launched new capabilities in its Cloud for Sustainability including tracking of Scope 3 emissions and announced plans to launch an Environmental Credit Service.
Solar power endured during Hurricane Ian in Florida when the traditional electric grid failed.
A look inside a battery recycling facility.
🎧 Podcast
Jorge Bonilla: sustainable structures with bamboo
Hazel Horvath: empowering sustainable transformation
Marcelo Lando: developing renewables in Latin America
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.
🆕 Multiple openings at Climate X
🆕 ESG and Climate Sales Specialist at MSCI
🆕 Program Manager, Sustainability Methodology at Microsoft
🆕 Sr Mgr, Innovation & New Programs at Exelon
🆕 Director of Product Management at Derapi
Chief of Staff at Arnie
Director - Sustainability at MetLife
Director of Sustainability at Nisolo
Director Sustainability Policy & Governance at Target
Director, Carbon Markets Policy and Governance at World Wildlife Fund
Director, Global Decarbonization Strategy and Program Management at Google
Carbon Partnerships Program Manager at Schneider Electric
Director, Sustainable Built Environment at Harvard University
Assistant Director - GSD Office of Sustainability at the City of Detroit
CEO & Co-Founder [Proptech] at Struck Studio
🗓 Events
November 2: Understory’s Startups Driving Sustainability - November Showcase
December 6: Understory’s Startups Driving Sustainability - December Showcase
Do you have any events to share? Post them in our Understory Slack community.
📧 Stay in Touch!
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