VC firm Climate Angels Sets Up Syndicates To Back Climate Tech Start-up
- ByStartupStory | August 27, 2022
Special syndicates have been launched by Climate Angels, a VC firm to help investors invest in climate tech startups with ease.
The VC firm will write the cheques between INR 3 Cr ($375K) and INR 10 Cr ($1.2 Mn) in these syndicates for firms focusing on climate tech-focused startups for a six-year time period.
Additionally, Climate Angels enables investors to take part in startup funding rounds or run their own syndicates using the VC company, including angel investors and corporations actively working in energy, cleantech, and other related areas.
Shailesh Vickram Singh, founder of the VC firm, Climate Angels said “Realising the need to combat climate change, conscious investors such as senior executives, HNIs, family offices and others are scouting for opportunities to support climate tech startups for the green cause. Notably, SEBI mandates that angel investors should meet accreditation norms & invest via registered angel funds,” said Shailesh Vickram Singh, founder of Climate Angels.
Founded by veteran venture capitalists and investors–Singh, Pravin Gandhi, Paula Mariwala, Nipun Sahni and Vijay Shekhar Sharma, Climate Angels backs startups working in clean energy, mobility, water, food and other allied sectors.
Furthermore, Singh added that “In 2021, 29 new climate tech unicorns emerged in the world and prior to 2021, there were only 14 unicorns. In India, climate tech is nascent however in June this year, two transactions worth $25 Mn were recorded in electric mobility.”
It is interesting to note that, The founding group of Climate Angels has a wide range of expertise. Most of its founders not only run the venture capital firm but also work as investors and entrepreneurs full-time. Nipun Sahni is currently serving as a partner at Apollo Global while Pravin Gandhi, Paula Mariwala, and Nipun Gandhi are in charge of Seedfund and Stanford Angles, respectively. The noida based Indian digital payments and financial services company, also a listed fintech was founded by Vijay Shekhar Sharma.
About Climate Angels
Founded in 2020 by Venture capitalist and entrepreneur Shailesh Vickram Singh who is also the founder of Gomassive, Climate Angels is an angel investment fund that invests in startups working on Climate Tech and Pollution Reduction Tech. Over the past year, the platform has experienced incredible growth; and now it also has more than 300 registered Angel Investors from throughout the world.
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