Carbon13's July Updates

The headline this month is the announcement that Carbon13 has raised over $2 million from Silicon Valley-based True Ventures and family offices. We're delighted to use this money to expand our support for startups fighting the climate emergency. Read below for the details and comments from our founder and CEO, Chris Coleridge .

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It's not just us with fundraises: Matnex , from our very first cohort in 2021, announced today a ￡2 million seed round led by Ada ventures. Huge congratulations and details below.

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Other updates this month include:

• Carbon13's $2.2m seed round
• A huge thank you to our community?
• Updates about applications to our programmes
• New webinar opportunities with our partners
• Job opportunities in climate tech
• News from our founders

Carbon13 Raise?

?? We're excited to announce we that we've closed a successful seed round of over $2.2m and are set to boost our operations significantly, propelling us towards our target of 400m tonnes of decarbonisation.?

As our founder and CEO, Chris Coleridge says: “We have found that remarkable things happen when you bring together some of the world’s most talented people who are all highly motivated by the mission to fight the climate emergency.” With 46 ventures launched since 2021 and more to come this year, Carbon13 is scaling fast and we're looking forward to using this money to keep expanding our activities and supporting impactful climate tech startups.?

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The key information:?

?? A range of family offices and venture firms contributed to this seed round including Silicon Valley’s True Ventures

?? We're consistently proving that extraordinary companies with ‘credible carbon potential’ can be built at scale

?? Carbon13 aims to hit 300 startup investments by early 2026

?? This new funding will go towards the expansion of Carbon13 activities, new cohorts, and more ventures

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About True Ventures:

Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early stage technology startups. With more than $3.8 billion under management, True provides seed and Series A financing to entrepreneurs in some of today's fastest growing markets.

Read the Press Release

Application updates from our Venture Builder and Launchpad

?? Applications for our next cohort starting on the?7th November 2023?in Cambridge are open now.?If you are based in Europe, you can also apply to Cohort 2 starting in Berlin in?early 2024.?We take applications on a rolling basis and places fill up fast. Apply before the?12th of August?to be interviewed before the end of the month.

Apply for UK

Apply for EU

?? Applications will open soon for our next Venture Launchpad in partnership with Barclays Eagle Labs.

The Venture Launchpad is our accelerator for teams and this cohort will be have the theme of "Food, Land and Nature".?Startups can pre-register now.

Pre-register

?? Thank you to everyone who attended our Community Input Days

?? Thank you to all of you who attended our Community Input Days - we estimate nearly 200 people joined over the two days. A special thanks to those who made the event happen: Emma Mee , Guy Champniss, PhD , Julia Sequeira , Veryan Bliss and Stephen Tunnicliffe-Wilson , 安永 , Barclays Eagle Labs and Jordan Torch . And?congratulations to all of you who pitched your climate tech solutions to the public for the first time this week.

Materials Nexus announce a ￡2m raise

Congratulations to Matnex who have announced a?￡2m raise led by Ada Ventures ?for their deep tech AI solution to push sustainable materials to market faster.

Matt Pennycard, co-founding partner at Ada Ventures , comments “Our strong bet is that Materials Nexus has the potential to play a very significant role in our fight against climate change and be the solution to the damaging addiction to rare earths and unique metal compounds we’ve built.”?

Upcoming Webinars and Online Events

Tune into our ongoing series, offering tools and guidance to entrepreneurs and businesses working on reaching their net zero and ESG business goals. In partnership with Barclays Eagle Labs, Carbon13 are set to share valuable expertise and insights from our vibrant community and ground-breaking programmes designed to scale climate tech startups.?

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Rewatch:

• Strengthening your Value Proposition through Future Sustainability Trends -?YouTube .?

Upcoming webinars with our partners:?

• 29 August –?Webinar: Getting ready for ClimateTech Investment: Jonathan Cumming ?

Our full schedule

Job opportunities?

???Mortar IO?are hiring?software engineers

???Materials Nexus?are hiring?software developers

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Alumni news

Raises and accelerators ??

• Circular11 ?secured a trial and development grant with the National Highways Agency for new motorway fencing products, as part of their Low Carbon Accelerator Programme and won funding for a materials scientist through InnovateUK's Knowledge Transfer Partnership, supported by the National Composite Centre
• Kestrix ?closed its 500k pre-seed round, with participation from Notion Capital and several top business angels. Congratulations
• MapMortar ?have won a grant from Innovate UK for ￡260,000 for a project with their partner Barnet Council. They have also signed a purchase order for their first paid pilot.
• Elaniti ?are delighted to announce our selection in the inaugural cohort of Syngenta Group’s Shoots accelerator.?
• Agreed Earth won an Innovate UK grant!?They were part of a successful consortium application for a DEFRA-funded Innovate UK grant in the?‘Farming Futures R&D Fund: Climate Smart Farming’ competition.??

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Events ??

• Canefin 's CEO, Alison Jessup, was at?FCA Consumer Duty TechSprint? this month finding solutions and proofs of concepts through the innovative and responsible use of consumer data.
• Kita 's CEO Natalia Dorfman was invited to?participate in Lloyd’s Europe Insurance Innovation Competition ?and Kita received a special mention by the judges.?

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Recognition ??

• Kestrix ?was also a finalist at the Brilliant Innovators pitch competition in June, hosted by Brilliant Minds and EQT Ventures.
• Ki Hydrogen ?has been selected as one of?50 finalists out of more than 1000 applicants for the Lee Kuan Yew Global Business Plan Competiton ?

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Product ??

• Bluemethane ?achieved another important milestone in their journey to remove a billion tonnes of GHG from water. They presented our demonstration unit to a select group of water specialists, including UK water utilities and industry experts.?
• Preoptima ?now includes Building Services . This feature comes at a pivotal time with increasingly stringent standards emphasising sustainable design, energy efficiency and reduced embodied carbon. It ensures that building design meets these standards right from the onset, setting the foundation for a compliant and carbon-efficient build.