Why Team and Purpose Matter Most in Venture: A Closer Look at R3i

In the world of deeptech venture capital, there is often a focus on finding the next big idea or breakthrough technology. While these factors are certainly important, they are not the only things that matter. In fact, when it comes to building a successful venture capital firm, team and purpose may be even more critical.

First and foremost, the team is the foundation of any venture capital firm. A team with diverse experiences and skill sets can bring a variety of perspectives to the table, which can be invaluable when evaluating potential investments. Additionally, a team that works well together and shares common values and vision can make better decisions and execute more effectively.

At R3i we believe that it takes all kinds of people to invent the future: thinkers and doers, logical pragmatists and intuitive visionaries, experts and generalists, and bright lights that thrive on transformation rather than incremental change. Our team is a collection of talent from many international backgrounds from bright-eyed top-talent graduates, policy and market access leaders, serial entrepreneurs, and seasoned experts from leading international financial institutions.

As Founders, Data Scientists, Ai Research Academics, Diplomats, Olympians, Architects, and VC Operators, together, we inspire possible and accelerated impact by connecting our founders to smart capital, customers and non-dilutive R&D funding pathways.

And the proof is in the pudding, today our fund zero boasts no write-offs, 57% IRR (un) and 2.8x MOIC (after a proactive writedown due to market volatility). But our founders have a wealth of experience,

Everyone on the team came to R3i because of me, but they stayed for purpose and for one another. Together we are committed to deploying 1bn into climate change adaptation and the transition to value-based care.

Partnerships

We collaborate with a world of partners and collaborators such as She Loves Tech, Nordic Innovation House, and Striders Corporation. Plug and Play Tech Centre, TBLI Group, 500 Global, PFAN, Beyond the Billion, Women in VC, Nvidia VC Alliance, Global Green Connect, Coolwater Capital, 2xIgnite, and 100 Women in Finance.

These R3i collaborations provide access to elite deal flow, co-investments, deep domain know-how and expertise, and global networks, contributing to our success in efficiently sourcing and selecting the best opportunities, conducting deep due diligence and creating impact through ethical investing.

These accelerators offered via our House of MedTech and House of DeepTech serve as efficient deal sourcing and selection engines for R3i Capital.

Global Advisory Council

We are also supported by a Global Advisory Council that provides deep domain expertise, ecosystem connectivity, and global networks to accelerate our founder's impact through our accelerator and innovation ecosystem - the House of DeepTech and House of MedTech, and R3i Ventures.

Our collective purpose is clearly a key factor in driving the success of a venture capital firm. A clear purpose and mission help to attract and retain top talent, as well as align the team around a common goal. Our strong purpose guides our every action, and investment decision and ensures that R3i is making a positive impact on the world.

For example R3i's investment in MGA Thermal focuses on GHG Emission reduction. MGA Thermal unlocks zero-carbon renewable energy storage for grid and industrial use. MGA Blocks are used in Thermal Energy Storage Systems (TESS) which deliver sustained high-temperature heat or electricity that is safe, low cost, sustainable, and high capacity.

In today's world, investors are increasingly looking for more than just financial returns. They want to invest in companies that are making a positive impact on society, and they want to work with firms that share their values. By focusing on team and purpose, venture capital firms can differentiate themselves from the competition and attract the best investors and entrepreneurs.

From room temperature powered quantum computing, to long duration solar thermal renewable energy to prognostics that can predict alazheimers 20 years in advance or severe dengue haemmhorage. R3i is built for Returns, Resilience and Reliability - and Impact.

In summary, ultimately, the success of a venture capital firm is about more than just finding the next big idea. It's about building a strong team that shares a common purpose and is committed to making a positive impact on the world.

By doing so, as venture capital franchises we can go on to drive multigenerational returns, real-world change and create long-term value for our investors and our planet.

For only together can we accelerate impact!

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About the Author

Leesa Souldore?is the General Partner of R3i Capital,?a global sustainable development venture capital fund?investing in climate change adaptation and the transition to value-based healthcare. Reach out if you would like to learn more about our mission in the R3i Future Fund.

What’s in our name?

R3i stands for returns, resilience and reliability — three characteristics that are often used to describe or evaluate investments, businesses, or other assets.

Together, these three characteristics can be important factors to consider when evaluating the potential risks and rewards of an investment or asset.

3 i’s — “Intelligence, Innovation, Insight” are the three characteristics that are often used to describe a venture firm’s edge. R3i synthesises these into its collective and inclusive “impact”.

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