Azolla Ventures

Coming off the heels of the recent news that Heaten was acquired by AI Alpine and Advent International, catch up on some of the media coverage below. As our first portfolio company exit, we couldn't be more proud to see how combining catalytic capital and conventional venture capital has resulted in this opportunity to rapidly scale Heaten’s industry-leading, high-temperature-heat-pump solutions! ImpactAlpha:?https://lnkd.in/ezfJGVsi Fortune:?https://lnkd.in/d-_fF6uY Sightline Climate (CTVC):?https://lnkd.in/esNexFx5

We are thrilled to announce that our first investment, Heaten, was acquired by AI Alpine and Advent International.?This strategic partnership empowers?Heaten?to rapidly produce and scale its very-high-temperature industrial #heatpump technology to #decarbonize industrial processes. A significant milestone for Azolla, the acquisition represents our first portfolio company exit (less?than three years after initial investment) and showcases how our unique model of combining catalytic capital and conventional venture capital can accelerate transformative climate solutions. We offer our congratulations to the entire?Heaten?team led by Jeroen Koot and Harald Nes Risl? and our co-investors Shell Ventures, Nysn? Climate Investments, and Valinor. We are excited about?Heaten’s bright future?in?its pursuit of gigaton-scale climate impact and feel privileged to be a small part of?Heaten’s journey. Onwards! Read the full press release here: https://lnkd.in/eb8dZNPW

Our portfolio company, Charm Industrial, was recently featured on Heatmap News for its partnership with the USDA Forest Service on a groundbreaking pilot in Inyo National Forest!???? Charm is transforming forest-thinning biomass into bio-oil, tackling wildfire risk while permanently removing CO2 from the atmosphere.????? Supported by a Cal Fire grant, the project utilizes Charm’s advanced pyrolysis technology to convert waste wood into a carbon sink, with big plans to scale up. This exciting initiative shows the potential to make a huge impact on wildfire risk reduction and climate change mitigation. Read more:? https://lnkd.in/eH8pWUrN #WildfirePrevention #ClimateTech #PrimeImpactFund

?? The shipping industry accounts for 3% of global emissions today, with projections reaching 10% by 2050 if urgent action isn't taken. The International Maritime Organization’s (IMO) 2023 GHG Strategy sets ambitious decarbonization targets, aiming for net-zero by 2050, creating significant opportunities in alternative fuels. ?? Green methanol, ammonia, and carbon capture technologies are poised to play a crucial role in decarbonizing long-haul shipping. Investment in these solutions is vital, especially as regulatory incentives lag and infrastructure challenges loom. With investments in companies like Oxylus Energy (green methanol) and Calcarea (carbon capture), Azolla Ventures is invested in helping the shipping industry reduce emissions. The path to decarbonization is clear, and the time for bold investment is now. ?? Read the full article written by Azolla Venture’s Amy Duffuor, and Alexandra Steckmest here: https://lnkd.in/gGcbFuXB #Sustainability #Decarbonization #GreenMethanol #Shipping #CarbonCapture #AzollaVentures

?? Exciting News in Green Cement! ??? We are proud to see our portfolio company, Sublime Systems, leading the charge in decarbonizing the cement industry, which accounts for roughly 8% of global emissions. This week, Holcim AG?and CRH PLC?announced a $75M investment into Sublime to accelerate their groundbreaking electrochemical cement production process, which has demonstrated a 90% reduction in CO2 emissions in early tests. This exciting development was recently featured in Bloomberg?by Michelle Ma. ?? With the backing of industry leaders and a commitment to scaling up through a 30,000-ton-per-year commercial plant by 2026, Sublime is well on its way to transforming the construction sector. We're excited to see how their technology will pave the way for a more sustainable future! Read more:?https://lnkd.in/en-htcJ5 #CementRevolution #Sustainability #ClimateAction #AzollaVentures

If you are attending Climate Week NYC next week, don't miss Johanna Wolfson, General Partner at Azolla Ventures, speaking at the?Methane Reduction Intensive?on?Tuesday, September 24th. ? This event is hosted by The Astra Project, Overview Capital, and Azolla Ventures in partnership with FullCycle, Environmental Defense Fund, Project Drawdown, and Spark Climate Solutions. The intensive will bring together leaders from funds, corporates, non-profits, and governments to focus on implementing solutions for methane reduction. Key questions will focus on how the private sector can play a greater role in this global challenge. Main Event: 1:00pm - 5:00pm ET Happy Hour: 5:00pm - 6:00pm ET We're looking forward to inspiring conversations and meaningful progress! https://lnkd.in/g2mzVK59 #MethaneReduction #ClimateWeekNYC #AzollaVentures #Sustainability

?? We’re pleased to announce the addition of Nolan English, Head of Platform, to our team. Nolan’s extensive experience and leadership will play a crucial role as we continue to deploy catalytic capital to scale climate tech solutions. Learn more about how Nolan will help our portfolio companies achieve gigaton-scale climate impact. ?? https://shorturl.at/EMU2H #ClimateTech #VentureCapital #AzollaVentures #CatalyticCapital #PlatformLeadership

?Don’t miss The Philadelphia Citizen's article spotlighting Carbon Reform and their innovative carbon capture technology!? Their carbon capsule, which seamlessly integrates with existing HVAC systems, captures and sequesters CO? directly from indoor air and turns it into limestone pellets. It also cleans the air of viruses and other pollutants. This process significantly reduces energy costs by minimizing the need for external air. This is a win-win for both businesses and the planet! As Amy Duffuor of Azolla Ventures puts it, “This is really an energy savings value proposition with carbon capture on the side.” Carbon Reform’s journey, led by co-founders Nick M.?and Jo Norris, is a testament to the impact that deep technology hardware solutions can have. We are excited to see growing interest from companies and municipalities that wish to partner with Carbon Reform. Congrats to the entire Carbon Reform team on their incredible progress. The future is bright! Read the article here: https://lnkd.in/eqrPT4yg #ClimateTech #CarbonCapture #Sustainability #CleanAir #BuildingTheFuture #AzollaVentures #CarbonReform #EnergySavings

Azolla Ventures Featured in Bloomberg Article on Energy Transition Bloomberg’s Ari Natter and Michelle Ma recently explored the potential impacts on the U.S. Department of Energy (DOE)’s DOE Loan Programs Office (LPO) and its critical role in advancing clean technologies. The article highlights how future developments could influence energy policy and funding approaches, creating new challenges and opportunities for companies in the climate tech space. Matthew Nordan, Co-Founder and General Partner at Azolla Ventures, shared his insights: "Any CEO worth their salt is thinking hard about this right now. It’s a constant topic of discussion in any board meeting." At Azolla Ventures, we remain committed to supporting climate tech companies that drive the transition to a sustainable future, while thoughtfully navigating the evolving landscape. Read the full article here:?https://shorturl.at/AILPy #ClimateTech #VentureCapital #DOE #AzollaVentures #Bloomberg

Today marks the next phase at Oxylus Energy as we announce the closing of our over-subscribed Series Seed fundraising round. A total of $4.5M in new capital is coming to Oxylus Energy from leading climate, energy, and strategic investors across the globe, along with U.S. state support. Toyota Ventures and Azolla Ventures are co-leading the investment round. In order to decarbonize the hard-to-abate sectors of aviation, shipping, and petrochemicals that are currently responsible for ~11% of emissions we need to bring down the cost of alternative fuels such as green methanol. Oxylus' low-cost CO2 electrolysis to green methanol can reduce costs and inefficiencies at each level of green methanol production. The Seed funding will go towards developing a pilot electrolyzer for future commercial and industrial deployment. You can find the exclusive interview with TechCrunch Tim De Chant below. https://lnkd.in/dqP7mWWq Thank you to Lisa Coca at Toyota Ventures, Amy Duffuor at Azolla Ventures for co-leading the round and to Earth Foundry and Connecticut Innovations for joining the round and showing your belief in the technology. We also want to thank our advisors Prof. Hailiang Wang, Mike Matson, Pete Schork, Karan Khimji, and Dan K. for their mentorship & advice. We are grateful to all the startup support via ClimateHaven and Third Derivative, along with our community Yale School of Management, Yale Ventures, Tsai Center for Innovative Thinking at Yale (Tsai CITY), Yale School of the Environment, and Yale Center for Business and the Environment.