Sharing Valo’s 2023 Impact Report

Dear Friends of Valo,

2023 was the hottest year on record, and 2024 continues to set new records (Delhi, India—with a population of 34 million—hit a record high of 52.9C / 127.2F last month). Despite 28 years of annual COP gatherings, greenhouse gas emissions continue to rise globally. However, if we scrutinize the trend data below the top line, we can see promising progress with scalable climate solutions that are disrupting the status quo.

Valo’s mission is “investing for a brighter future,” and we do this by supporting entrepreneurs who are building critical solutions that will deliver both cash flow and a positive impact for humanity.

The Valo team is keen to share our 2023 Impact Report, which describes our impact framework for startups and showcases the technology solutions that our portfolio companies are developing.

Climate solutions encompass a broad and evolving investment landscape that is highly technical and requires collaboration across multiple stakeholders. We try to take a holistic, “systems thinking” approach to analyze technology benefits in relation to existing economic value chains and the potential catalysts for technology adoption.

To set our portfolio in the context of the broader climate tech ecosystem, we categorize our investments across three dimensions of impact:

Investing in climate solutions is hard, but it offers multiplier impacts for future generations as well as exceptional wealth creation for the entrepreneurs and market participants who are prepared to lead or adapt.

As we put forward our impact framework and share the progress our individual companies have made to date, we welcome your thoughts on this important and often difficult task of impact measurement for early-stage startups.

To our portfolio companies, we are proud of the impact you are making! ARRIS Basecamp Research BioSqueeze Inc. Boston Materials Clever Carnivore eduMe Equilibrium Energy Fluus Granular Energy Inlyte Energy Landit Modern Hydrogen Novoloop Optera PlanetiQ RoadRunner Simbe SINAI Technologies UrbanFootprint Visby Medical Wise Systems, Inc.

Optimistically yours,

-The Valo Team