This week’s investors aren’t simply backing green ideas: they’re targeting the hard physical systems behind the transition, from low-carbon fuels and grid storage to deep tech in India. For founders, that means sharper investor fit, and for the transition, it means money is reaching parts of the economy that are hardest to change.
1. AP Ventures Fund III | Final close | $300M | London
What they back: Early-stage industrial and energy technology, including low-carbon fuels, carbon capture and use, circularity and advanced recycling.
Why it matters: The fund has already backed 13 companies since its 2024 first close. It gives founders in heavy industry a specialist investor, in sectors that are slow and capital-heavy to scale.
Key contact: Andrew Hinkly, founding managing partner
2. Pulse Fund | Closed | $63M | Los Angeles
What they back: Early-stage climate companies across energy transition, infrastructure, food and agriculture, and mobility.
Why it matters: Pulse backs these four sectors together, on the view that a breakthrough in one creates openings in the others. Founders working across sectors may find it easier to explain their full opportunity here.
Key contact: Tenzin Seldon, founder
3. ERV Fund II | First close | $50M target | London
What they back: Seed and Series A startups in energy storage, grid technology and advanced materials.
Why it matters: Centrica has committed $13.5M, and the target is well above Fund I’s $18M. Backing from a major energy company could help founders reach real-world customers and test sites.
Key contact: Marcus Clover, co-founding general partner
4. Lavni Ventures Fund II | Final close | About $21M | India
What they back: Deep-tech startups in health and climate technology, with first cheques of about $210,000–$630,000 and follow-ons of about $850,000–$1.5M.
Why it matters: Patient early capital is scarce for Indian deep tech. Its clear cheque sizes also help founders judge quickly whether the fund suits their round.
5. Green Angel Syndicate | Angel group | UK
What they back: Early-stage companies that can cut or remove greenhouse gas emissions, across agritech and water, the built environment, energy, transport, and waste and recycling.
Why it matters: It invests only in carbon-cutting innovation, and a £5M commitment from British Business Investments adds to the capital available from its investors. That gives UK founders a specialist route before they’re ready for a climate VC.
Key contact: Nick Lyth, CEO
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Cover image: AI-generated
