Australia’s Investible launches AU$100M Climate Tech Fund

Australian venture capital firm Investible has launched a A$100-million fund that will invest in climate-focused tech companies mostly in Australia.

The launch of Climate Tech Fund follows the successful raise of the firm’s second sector-agnostic fund earlier this year.

In a statement, Investible said the new fund will predominantly focus on Australian businesses that assist in reducing emissions across the six sectors identified by the United Nations Environment Programme.

Investible CEO Rod Bristow said they are strong believers that decarbonisation will come from a broad suite of solutions addressing all parts of the economy.

He said that over the last decade, Investible has built a proven screening and investment methodology to both source high-quality deal flow and offer a compelling proposition to highly sought-after early-stage companies.

Bristow added that as leaders in investing at the seed stage, they can make a significant impact by providing the climate tech sector the smart, early-stage capital and comprehensive support needed to commercialise their technology and scale globally.

To support the Fund, Investible has brought together a highly experienced climate-focused investment team led by Tom Kline and Patrick Sieb.

Prior to joining Investible, Kline was the inaugural CEO of New Energy Solar – a renewable energy manager that built a portfolio of large-scale solar farms across the United States and Australia, managing over $1 billion in renewable assets.

Sieb has been investing in tech companies since 2014 but has been solely focused on early-stage climate tech companies since 2019 and plays an active role in supporting companies as an advisor, mentor, and director.

In August, Investible announced it will launch Greenhouse, a growth hub dedicated to enabling climate tech startups to scale, late next year, with support from the City of Sydney.

Kline said that through the Climate Tech Fund and Greenhouse, Investible aims to support both founders and the wider ecosystem to deliver outcomes for investors, Australia, and the environment.