Jina Kwon

🤝 Very proud to announce that GRYD has joined forces with leading renewables supplier Good Energy in a deal that is the first of its kind in the UK. ⚡Good Energy customers will now start receiving clean energy generated from homes across the country in GRYD’s decentralised smart solar network. We’re doing this through a unique export-only power purchase agreement that - for the first time in the UK - doesn’t require households to use the same supplier for both energy export and import. 🙌🏾 Good Energy are true pioneers in the renewables market and I’m excited to see our partnership grow as the network of GRYD homes expands across the UK - unlocking clean energy access for millions of homeowners and accelerating Britain’s net zero transition. 🚀 We're committed to creating new innovative models to supercharge the solar rooftop revolution in the UK and make the move to decentralised energy deliver even more benefits for homeowners! 👏🏾Great to work with James Rees, Nina McDouall and the Good Energy team & more to come from GRYD, Tom Jordan, Scott Whiteside! 🔗 Link to Tech.eu write-up on the deal in the comments. Thanks Lucy & Danielle 🙏🏾!

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I have expressed incredulity with news stories from the The Information and they have proven me wrong so this report is truly shocking. Bolt was valued in a peak market Series E in early 2022 at over $11 billion by BlackRock then almost fully written down in 2023 (as many seemed to indicate there was limited revenue or a business model) and now the company is raising $450 million of capital from investors in the United Arab Emirates and the United Kingdom at a $14 billion valuation? What am I missing here? Hopefully earlier investors have sold secondary shares into this round. #valuations #bolt #ecommerce #alternativeassets #privatemarkets #venturecapital #startups #fintech https://lnkd.in/extH76g2

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She is here! Pleased to share that Verdane Idun II, which will decarbonise the economy through investments in energy transition and resource efficiency businesses, has successfully closed at €700 million. Press release: https://lnkd.in/dAutCjea. With Idun II, we aim to demonstrate that generating world-class returns while contributing to the decarbonisation of our economy is possible. Idun II will invest between €20 and €100 million into sustainable businesses, with a carbon avoidance target of a minimum of 5,000 tonnes of CO2 avoided per €1 million invested.  We are grateful to welcome existing and new investors into Idun II and look forward to delivering both strong returns and positive climate impact, which they can quantify and track, for their programmes. This fund includes commitments from institutional investors spearheading the global green transition from across 13 countries, including Nysnø Climate Investments, Banque de Luxembourg, European Investment Fund (EIF), MN, Tesi and Carbon Equity to mention a few. We remain humbled by the continued trust placed in us by our investors. Thank you to Thomson Reuters and New Private Markets, among others, for covering the news https://lnkd.in/dYXM6aM5 https://lnkd.in/dJvcgdUt What about her name then? In Norse mythology, Idun is the goddess of spring and rejuvenation. #sustainability #privateequity #technology #growth

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⚡️ Electrifying news: Bohr Énergie secures €4M to make the energy markets accessible to every independent #power producers in France! 🤝 Together with Varsity and AFI Ventures, Founders Future is so proud to announce its new investment reshaping the #energy sector. 👨‍🔧 Founded by the experienced team Julien Haure, Julien Chollet, Luis Urday, and Jean-Pierre Mader (with of course also Dan Cabrol!), Bohr is committed to enhancing #renewable production competitiveness through an extensive product range (spot, forward, PPA, collective self-consumption), innovative models, combined with a simple, and transparent supervision app. 🤓📈 I firmly believe that with the grid becoming more green, more distributed and more intermittent, the long tail of independent and local producers (poorly addressed by large historical solution providers) will grow both in number and in size. 🙌🏻 #climatetech

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🚀 Tech Tour Energy & Decarbonisation 2024 🌍 It’s been an fantastic experience connecting with great founders in the energy tech space, catching up with some of our amazing Vireo Ventures portfolio companies, and engaging with LPs, co-investors, and fellow VC funds. With 80 startups showcasing their innovations to 140 investors and corporates, the event was a testament to the immense potential and innovation driving the energy-tech sector. 🌟 The quality and passion of the founders I met reaffirm that the future of energy is bright—and we’re just getting started! We're excited about the opportunities ahead and can’t wait to collaborate with some of the inspiring companies and investors from the event. Let’s keep pushing the boundaries of what’s possible in energy and decarbonisation. #EnergyTech #VentureCapital #Decarbonisation #Innovation #Sustainability #TechTour

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So, this is the clean energy news of the week!* Innovative industrial heat pump manufacturer Heaten has been acquired by funds managed by Advent International. The same funds that manage INNIO Group. So what does this mean? Well, Heaten uses an electrically-driven reciprocating heat pump to deliver heat and steam at temperatures as high as 200C. Reciprocating engines are very cool (ha, ha, see what I did there) because they are much simpler than turbines, which makes them cheaper and easier to maintain, even in places where turbine engineers are scarce, which is most of the world. They can also operate more efficiently than turbines (higher COP) as they ramp up, operate at part load, or ramp down. Which makes them perfect for use cases that doesn't operate flat out all the time - think food industry, textiles, production lines that don't operate 3 shifts, production lines that switch between different SKUs, batch processes, district heating, etc, etc. And guess what: INNIO makes some pretty good reciprocating engines, which means they have lots of knowledge and assets to share, and even client relationships, which will help Heaten get to scale at warp speed. Everyone wins, including the planet: Heaten heat pumps are going to be eliminating a lot of natural gas. Congrats to both teams, in particular to Rainer Thuerbach, who made the deal happen. * OK, I am a bit biased about this being the deal of the week because my EcoPragma Capital LLP colleagues Henry Lawson and Owen Mason acted as advisors to Heaten throughout. Good job lads, take the weekend off!

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I couldn’t be prouder to be a Venture Partner at Isomer Capital (aka the best European FoF - at least for me) as we just announced the launch of our pioneering £100m secondaries fund. This fund is dedicated to acquiring stakes from LPs in various VC funds, tapping into a massive and largely unexplored market. 🌟 Key Highlights: - Focused Investment: Primarily targeting stakes in VC funds, with selective investments in private companies. - Robust Funding: Already over 20% funded, thanks to strong support from Nordic family offices and a German foundation. - Market Potential: With a growing number of private tech companies and a VC liquidity crunch, Europe's VC secondaries market is poised for rapid growth. - Track Record: This isn’t Isomer’s first foray into the secondaries market. As a firm we’ve done several secondaries deals with portfolio companies and VC firms, including early-stage VC Seedcamp (in 2021) and mobility giant Bolt (in 2023). - Expert Team: Welcoming the amazing Omolade (Rachel) A., formerly of Coller Capital, as a principal to lead this initiative. 💡 Investment Strategy: - 65-75% of the fund will buy "LP interest" stakes in VC funds. - 15-25% will be directed towards stakes in companies. - Up to 15% reserved for flexible investment opportunities. 📈 Looking Ahead: We're targeting returns of 2-3x, with significant distributions expected in the next 4-7 years. As one of the few players in this space, we're not just participating in the market—we're driving it forward. Read all about it here: https://lnkd.in/dc7sbC3G #VentureCapital #SecondariesFund #EuropeanVC

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Striking: Zenobē, a UK climate tech startup, raised £600m from KKR and £270m from Infracapital, bypassing VC entirely. Zenobe captures excess energy from wind farms to stabilize the grid and reduce gas power reliance. This means: Zenobe secured one of 2023's biggest startup fundraises — without any venture capital. #battery #fundraising #venturecapital #energystorage #infrastructure #growthinflection Sifted: https://lnkd.in/g8wF-xA5

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 Showcasing the sustainability and economic efficiency of #renewableenergy projects can persuade #investors of their viability and potential for #highreturns.

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🌍 The Paris Agreement sets a collective goal: keeping global warming well below 2°C and striving for 1.5°C. But how do we get there? 🚀 Opinion: We need to dramatically accelerate the deployment of renewables and energy efficiency. Achieving a sustainable energy future requires: Tripling renewable energy capacity by 2030: This means adding at least 11,000 GW to our global grid. Doubling energy efficiency improvements: We must increase our annual average from 2% to over 4%. Even though VC funding in Clean Tech has grown 6 fold over the decade reaching US$70B in 2023, investments in Clean Energy was US$12B. For us to achieve the COP28 goal, this must increase 50% y-o-y. I'm an Industrial SaaS VC with energy management & efficiency at the core of my thesis. Would love to connect with startups working in this space! #Sustainability #RenewableEnergy #EnergyEfficiency #ClimateAction #venturecapital #startups #cleantech

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ANNOUNCEMENT: We just launched our diversified fund investments feature on Mainshares 😲 Starting today, accredited investors can invest in SMB acquisitions managed by sophisticated investors via Mainshares I’ve been telling you all that we’re here to change the game of SMB investing for the better, and this is a huge step for us. Before, SMB investing was commonly done on a deal-by-deal basis, and depending on who you are, you may not have the time to spend parsing out every deal. Well now, investors on our platform have access to deals across a variety of industries, geographies, and deal structures in this (traditionally) inaccessible and fragmented asset class. Invest in ~20 SMBs, all with a single investment. Join the Mainshares train before we take off like a 🚀 Link below for diversified SMB investing 👇

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I like what these guys are doing: helping businesses adopt the circular economy (read 'save money'), tackle e-waste and reduce their carbon footprint. We need more of these! #circulareconomy #bcorp #ewaste #carbonfootprint

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Mikel Ventures 26-Week Wrap-Up for October 2024 This week Mikal Ventures is pleased to bring you our half-yearly breakdown of the global venture capital market with an emphasis on the Mikal verticals. Over the 26-week period ending October 28, just under 16,500 new companies were added. The market grew to 211,248 companies included in the Health Tech, Med Tech, AI Tech, Fin Tech, and Ed Tech verticals. The non-US market again saw the largest percentage of new companies added--the group is trending at an impressive 21% annual growth rate, with all of the non-US verticals projecting double digit growth.  The total projected 52-week deal count has slowed a bit from last quarter and now is estimated at about 14% in US and 20% in non-US verticals. AI continues to dominate. AI Tech again saw the largest projected annual percentage of growth in new companies, weighing in at a notable 31% and 37% in the US and non-US markets, respectively. A global annualized growth rate topping an estimated 34% shows a striking indication of just how active this vertical remains. Worldwide, the 52-week indicated transactions in AI Tech were impressive as well, coming in at about 29%, with the lion’s share resulting from non-US deals (32%). Mikal Ventures publishes these stats on a rolling 4-week, quarterly and annual basis to provide a perspective on how the verticals and new startups move through time. We hope you find them informative and thought-provoking. VC Investors are always adjusting their "Play Book" with a variety of options for investing. Mikal Ventures is one of those alternatives, offering curated solutions to real world problems. Reach out if you have questions on how we can be of assistance and bookmark https://mikalventures.com/ for additional insights and information.

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Telis Energy is fast-tracking the future of energy. Combatting the global challenge of climate change requires a localized approach to address the unique energy security and affordability needs of every country and community. Telis is developing high-impact green energy projects that drive real change. #ClimateWeek2024 #ItIsTime #EnergyTransition #Sustainability #TelisEnergy

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In the Norrsken Accelerate Fund we have made 20 investments this year in super exciting impact tech startups that are tackling some of the big issues on the planet.🌍 I’d like to the spotlight on the amazing founders behind these companies. 📸 First out are Sébastien Fiedorow and Steven Bardey, PhD who are the founders of Aerleum. What they are doing is defossilizing heavy industries which is crucial for reducing GHG emissions globally. Sectors like shipping, road transport, and aviation need clean fuels with high energy density, cost-efficiency, and supply chain compatibility. How they address this is be having a unique technology that produces e-methanol from captured CO2 and low-carbon hydrogen. It burns cleanly, has high energy density, and integrates with current supply chains. By doing this they strive to remove giga-tons of carbon dioxide from the air and transform it into clean alternatives for fossil-based products which will be massive win for the planet.💚 Read more about Aerleum here: https://www.aerleum.com/ and ping me if you want to get in touch with them.

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At our final 2024 fireside chat, we had the pleasure of hosting Martino Cadoni, Director of Corporate Development and M&A at Klarna & Strategic Advisor at Football Benchmark. Here are three key takeaways that resonated with us: 1️⃣ Show Empathy, Stay Humble, Listen More: Martino reminded us of the power of giving before taking, emphasising the value of listening over speaking. 2️⃣ The Power of Storytelling: Communication often outweighs analytics. Building trust through clear, empathetic storytelling is essential for connecting with investors and stakeholders. 3️⃣ Know Your Stakeholders: Beyond tools and data, understanding stakeholder needs, pain points, processes and constraints is critical. Tailoring solutions to their challenges builds meaningful, lasting relationships. A big thank you to Martino for sharing his expertise with us.

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Reflecting on the various conversations and panel discussions at Retech Days Europe yesterday, my overriding take away is the need for further collaboration to address the challenges and opportunities before us in the secondary market. That sentiment applies at every level, from start-ups, to F500s, to government.💡 I’m intrigued to hear from other attendees on the matters we discussed, to gain further perspective and to brainstorm on how we can collaborate to be ‘better all round’. 🤝🏼 Thanks to Dataxis and all participants for making this inaugural event a real success! Feel free to share your thoughts in the comments, & this post with your network ♻️ #event #industry #circulareconomy #sustainability #europe #reuse #products #lifecycles #collaboration #experts #thoughtleadership #growth #innovation #retechdays

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I’ve been part of many wins and losses in 25 years of advising entrepreneurs on growth and scaling. Sometimes my advice didn’t work at all, but I’ve been lucky enough to see some of my advice turn into measurable wins for founders.   Helping founders grow their ventures has been fun. It’s always exciting, always a rollercoaster, always a thrill. Standing alongside courageous innovators as they pursue grand visions and try to make the world a better place, in small and big ways, is a privilege. I’ve had front row seats to a spectacle of dreamers and warriors fighting for their dreams. You get to see patterns. And now it’s one of the things I enjoy most about my work within NET: identifying ventures with high growth potential, and helping them make smart choices to achieve that potential.

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Check out our latest article on submetering and data collection via GRESB to learn how our Redaptive ONE data platform and meters can transform the way your team tracks and utilizes energy data! Read more here: https://lnkd.in/d2d_8u5u

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