“If you really think that the environment is less important than the economy, try holding your breath while you count your money.”
– Guy R. McPherson
Hello world, in this edition, we’ll cover:
From Rumbo with 💚
Fostering community 🤜🤛
Warm-up in Climate 🔥
Fundraising Updates 💸
Miscellaneous💡
From Rumbo with 💚
🎧 Climate-Tech Podcasts: Our 10 top picks - Alicia Hernández, Rumbo Ventures
“There’s something profoundly therapeutic about the simple act of putting one foot in front of the other, breathing in the fresh air, and getting mental clarity [..] And, I have found myself realizing that my daily walks are also a great moment to listen to podcasts and stay informed about the latest trends in climate-tech.”
📚 11 Books That Illuminated the Challenges of Climate Change for Me - Fernando Lelo de Larrea, Rumbo Ventures
“My journey of educating myself through this intricate terrain has been guided by the wisdom of authors, scientists, and visionaries who’ve unraveled the threads of climate change through the power of the written word.”
🚀 What does Latin America need to thrive in climate-tech?- Fernando Lelo de Larrea & Alicia Hernández, Rumbo Ventures
“Latin America has both the urgency to mitigate and adapt to climate change and the potential to become a climate-tech leader given its rich natural resource landscape. Now, what do we actually need for Latin America to thrive in climate-technology? …”
💚 On Life Experiences, Core Values, and a New Path - Fernando Lelo de Larrea, Rumbo Ventures
“Our Mission is to forge a transformative path towards a thriving planet by championing visionary entrepreneurs in Latin America and Spain.”
Fostering community 🤜🤛
During the past two months, we had the privilege of attending three significant events in the climate tech and venture capital industries: 🇸🇪 The Drop, 🇺🇸 New York Climate Week, and 🇲🇽 Femsa Ventures Day. From these experiences, we would like to share with you six essential ideas to keep in mind:
🔑Accessibility and Quality in Climate Tech Solutions: It's crucial to continually improve the quality and accessibility of climate technology solutions, making sustainability an opportunity for everyone, not a sacrifice.
📈 Adding Value as a Guiding Principle: As investors, our ethical and professional responsibility is to invest in companies where we can genuinely add value. This principle should guide our investment decisions.
📚 Continuous Learning and Diligence: Staying updated on climate technology trends and environmental policies is vital for making informed decisions and spotting emerging opportunities in this dynamic sector.
🤝 Collaboration and Networking: Recognize that individual efforts alone won't achieve a Net Zero world. Building networks and joining climate tech-focused groups to share knowledge and opportunities is essential for effective collaboration.
🧠 Understanding Climate Risk: Given the volatility associated with climate tech investments, particularly in areas like climate and natural resources, it's crucial to formalize risk assessment methodologies and become experts in this field.
🔊 Amplifying the Message: Never underestimate the importance of educating and raising awareness about the urgency of the climate crisis. To secure the "billions and billions" needed for a sustainable future, we must communicate this message widely.
Warm-up in Climate 🔥
Reads 📚
The benefits of climate tech: Do institutional investors affect these impacts?, Aibar-Guzmán, Beatriz; Aibar-Guzmán, Cristina; Piñeiro-Chousa, Juan-Ramón; Hussain, Nazim; García-Sánchez & Isabel-María.
Environment at a Glance in Latin America and the CaribbeanSpotlight on Climate Change, OECD.
Investing in net zero: The private sector’s role in driving lasting climate impact, Venture Climate Alliance.
How to fund climate tech in 2023, Freya Pratty.
Climate tech: enabling technologies and the Spanish startup scene, Nacho Puell.
Recordings 🎤
The Cost of Climate Change in America, The ballpark Podcast by LSE
Are we the last generation or the first sustainable one?, Hannah Ritchie.
Mitigating climate change with venture capital: A conversation with Wavemaker Impact’s Steve Melhuish, The Venture Podcast By McKinsey.
Sustainability and economic opportunity, Techstars climate tech Podcast By Techstars.
Environment ´Mother Nature’, Apple.
Fundraising Updates 💸
Sustainability-Focused Fund Launches
Greycroft Coca‑Cola System Sustainability Fund, read the news here
Copel Ventures, read the news here
HSBC climate tech venture capital strategy, read the news here
Highlighted Deals
🇺🇸 Indigo Ag raised $250M from Flagship Pioneering, State of Michigan Retirement System and Lingotto Investment Management.
🇨🇦 Oneka Technologies raised $9M in Series A funding from the Hoffecker Family, Horizon Capital Holdings, AQC Capital, Propulia Capital, Invest Nova Scotia, and other investors.
🇺🇸 Yotta Energy raised $8M in Series A funding from Evergy Ventures, Doral Energy-Tech Ventures, EDP Ventures, and SWAN Impact Network.
🇪🇸 Solfy raised $1M from Ona Capital.
Miscellaneous💡
Communities 🤜🤛
• Join here to LATAM Path to Net Zero Slack
• Join here to Work on Climate Slack
• Join here to My Climate Journey
Upcoming Events 🗓️
Random 🛸
Extract from ‘What On Earth!’ By Pale Blue Dot & CEEW
Getting to zero emissions will be the hardest thing humans have ever done. We need to revolutionise the entire physical economy — how we make things, move around, produce electricity, grow food, and stay warm and cool — in less than three decades.
-Bill Gates