In this episode of Venturing in Climate, I spoke to Irena Spazzapan, Managing Partner of Systemiq Capital. Systemiq Capital is a London-based climate technology venture capital firm which has recently launched the first close of its £70m Fund II.
We discuss:
1) Irena's career journey to managing a climate tech VC firm
2) Building a VC firm and adding value
3) What Systemiq Capital looks for with examples
4) Investing in hardware, capital intensity and dilution
5) Fundraising process for a VC fund
6) Over and under-invested areas of climate tech
7) Quantifying impact potential
8) Typical fund terms and returns
9) Portfolio company: Brimstone
10) Carbon Capture & Storage
11) Quick-fire round
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