Supporting the government’s recently proposed Future Made In Australia Act , the Investible Climate Tech Strategy is a series of early-stage venture capital funds investing in founders who are creating high-growth technology enabled companies with a positive climate impact.
In 2023, Investible with 200 members across 14 countries, is raising US$150 mil fund with Indonesia Bank Mandiri -The Mandiri Investible Global Climate Tech Fund – which will run out of their Singapore office. Once fully raised, the fund will be a continuation of their climate tech investment strategy, which formally launched in 2021 with their Australia-based Climate Tech Fund and the Greenhouse Tech Hub – having backed 23 climate tech companies across four continents, addressing high-emissions sectors and enabling a more resilient future.
Investible chief executive Rod Bristow told The Australian Financial Review, that the government’s intention to foster domestic capability in deep tech manufacturing was “overdue,” and that it was currently more efficient to set up big investment vehicles like his elsewhere in Asia.
“If Australia doesn’t develop new and innovative ways to deploy capital to the industries and sectors that will lead the world into the future, we will inevitably be left behind,” CEO Rod Bristow said.
“Over the past couple of years, we’ve noticed more companies moving abroad because they’re getting access to public funding and grants elsewhere. The time for this type of policy intervention is well and truly now.”
We are always in the market, and always looking at opportunities, in fact, we looked at nearly 5000 potential investments last year, across about 20 or 22 different countries,” Mr Bristow said
Philippines: During the 2024 ASEAN-Australia Special Summit in Melbourne last month, Investible and the Philippines’ National Development Company (NDC) signed a Letter of Intent for a partnership aimed at accelerating the decarbonisation of industries in the Philippines.
The partnership is poised to play a pivotal role in helping the Philippines Government achieve its Net Zero targets under the Nationally Determined Contribution and the Paris Agreement.
The collaboration will focus on investment in early-stage climate technology companies and projects that facilitate industry transition to Net Zero. Specifically, businesses and tech which will promote sustainable cities and communities (SDG 11) and build resilient infrastructure to foster inclusivity and sustainability (SDG 9).
This agreement aligns with Investible’s mission to invest in climate tech solutions across key sectors identified by the UN Environment Programme as critical in combating climate change through its Climate Tech Strategy.
Investible has established itself as a leading investor in the early-stage climate tech sector, having made over 30 investments into companies on the forefront of critical, heavy-emissions sectors in four continents.
Earlier this year, Investible announced Tina Di Cicco as its newest Venture Partner. She sits on the board of the Manila Angel Investors Network, the largest and most active angel network in the Philippines.
There, she also chairs its Gender-Lens Investing Committee, which works with high-potential female-led startups.
“We are excited about the potential impact of this partnership in accelerating the transition to a sustainable future in the Philippines,” said Tina.
“By leveraging Investible’s proven expertise and propriety approach to early investment and NDC’s commitment to achieving Net Zero, we are confident that we can drive meaningful change and create lasting value for local communities, and the world at large,” she added.
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