Venturing in Climate

Patrick Sheehan is the Founder and Managing Partner of ETF Partners (Environmental Technologies Fund), a leading European climate VC firm, founded in 2006 and focusing mainly on Series B and beyond investments. Patrick has invested across cleantech cycles and has a wealth of experience in the space.In this episode, we discuss:1) Patrick's journey into venture capital2) His motivations to start an environmental VC fund3) How the cleantech investing cycle has evolved since Cleantech 1.04) How fundraising has evolved over time5) Example investments ETF has made6) Hardware investing7) Measuring impact8) Comparing cleantech 1.0 to now9) What to watch out for in climate tech investing10) Policy movements to watch out for11) Tips for being a good board member12) Key lessons from founding a VC firm13) Quick-fire round

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 value3) What Systemiq Capital looks for with examples4) Investing in hardware, capital intensity and dilution5) Fundraising process for a VC fund6) Over and under-invested areas of climate tech7) Quantifying impact potential8) Typical fund terms and returns9) Portfolio company: Brimstone10) Carbon Capture & Storage11) Quick-fire round

In this episode of Venturing in Climate, I spoke to Tessa Clarke, CEO and Co-Founder of OLIO. OLIO is an app that connects local communities and businesses to share surplus food and other household items. OLIO has raised ~$50m in funding. We discuss:1) What OLIO does and how the idea came about 2) Tessa's career journey 3) The scale of food waste and key challenges4) Key lessons from maintaining a good relationship with your Co-Founder5) Going from start-up to scale-up and key lessons6) Fundraising: 'cockroach plan', current funding climate and valuation7) A day in the life of Tessa 8) Quick-fire round Regulatory landscape of food waste3) The scale of 2) How Johan came to found Tepeo3) The challenge of heating - ~20% of carbon emissions are associated with domestic heating4) Lessons from entrepreneurship5) Being a sole founder6) The need to move from a centralised to decentralised energy system...and the energy crisis7) What's next for Tepeo8) Advice from moving into the climate space9) Quick-fire round

In this episode of Venturing in Climate, I spoke to Johan Du Plessis, CEO and Founder of Tepeo who are tackling the vast amount of emissions from domestic heating through their Zero Emission Boilers (ZEBs). We discuss: 1) What Tepeo does2) How Johan came to found Tepeo3) The challenge of heating - ~20% of carbon emissions are associated with domestic heating 4) Lessons from entrepreneurship5) Being a sole founder6) The need to move from a centralised to decentralised energy system...and the energy crisis7) What's next for Tepeo8) Advice from moving into the climate space9) Quick-fire round

In this episode, I interview Tom McGillyCuddy, Co-Founder of CIRCA5000. CIRCA5000 is an impact-investing platform which has raised over £12m in funding. In this episode, we discuss: 1) What CIRCA5000 does and what stage it is at2) How Tom and Matt started CIRCA5000 and why3) Retention 4) Becoming an entrepreneur and the key lessons learned5) Profit and purpose6) Challenges of working with VCs7) Building leading teams and tips for hiring8) When to build an executive team 9) Founder mental health10) Investing in the current environment 11) Measuring impact 12) Challenges of ESG approaches13) Quick-fire round

Here's what we discussed in this episode of Venturing in Climate: Kona Energy, what it does and why it is important Starting out: what made Andy set up Kona and take the leap into entrepreneurshipHow Andy manages uncertainty as a FounderRaising funding and its challengesThe opportunity for battery storageBattery technology and other technologies (e.g. hydrogen)What needs to change fast to encourage more battery storage The impact of the European energy crisis on renewables and battery storageQuick fire-round and Carbon Chain.