When it comes to saving the world — or, let’s face it, civilisation, the planet will recover — there is no silver bullet. Rather, it is going to take a holistic approach of caring for the Earth and each other.
A technological revolution got us into this pickle. Ironically, technology might just be the Hail Mary that will pull us, if not entirely out of it, then at least away from the brink of total disaster. But in order for that to happen, it is us humans who need to set our minds — and money — to it.
Recently launched venture capital firm Transition wants to support emerging technologies looking to help our planet. This includes, but is not exclusive to, reducing carbon emissions. Based out of London with offices in Reykjavik and New York, the climate tech VC is the brainchild of a group of experienced funders who saw a tremendous gap between early stage and later stage funding in the sector.
“What we saw was that there was this real gap in the market where there was a lot of activity at angel stage and seed stage. And then there is an enormous amount of capital available for later stage investing, which will only grow due to climate-focused targets,” Kristian Branaes, one of Transition’s partners, previously with CPP Investments and Atomico, told TNW.
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