BXVentures, a NYC-based venture studio and climate tech specialist, launched a global climate tech venture studio fund.
With this fund, and through partnerships like McGill University, BXVentures will fund and launch climate tech innovations, providing the capital and support on a global scale to transform innovations into market-ready ventures.
With a targeted raise between $200 million and $250 million, the firm is addressing the innovation gap created by the lack of institutional capital and support at the launch stage of early climate tech startups.
Established in 2021 and led by Fernand Dimidschstein, Group CEO & Managing Partner, as well as Managing Partners Romain Decorps, and Daniel Malek, BXVentures is a venture studio and global climate technology specialist, building the next wave of groundbreaking technology companies for a sustainable and livable biosphere. It finances, develops and scales ventures that play a critical role in achieving a net-zero society, addressing the urgent challenges of climate change.
Already having launched two venture studios in North America and Europe, a global venture studio strategy within a fund structure will empower BXVentures to scale its model globally and accelerate climate innovations.
BXVentures identifies investment targets based on promising climate R&D from world-class universities that can be spun-out into business ventures. First, BXVentures conducts rigorous and in-depth due diligence on the research and/or technology. Through its advisory arm, BXV Advisory, BXVentures is able to utilize its corporate relationships to validate technology concepts pre-launch, provide a natural customer base for products and services after launch, and potentially facilitate exits for its spun-out companies.
FinSMEs
01/10/2023