Queensland Investment Corporation backs Virescent Ventures’ new climate technology fund
Queensland Investment Corporation (QIC) has been announced as a major investor in Virescent Ventures’ second climate technology fund (Fund II), joining cornerstone investors Westpac and the Clean Energy Finance Corporation (CEFC). Confirmation of QIC’s investment comes alongside new commitments from a number of high net worth investors, taking first close of Virescent’s new fund to […]
Virescent Ventures announces $100 million first close of new climate technology fund backed by Westpac and the CEFC
Australia’s largest and most active dedicated climate tech VC, Virescent Ventures has completed a $100 million first close of its second climate technology investment fund (Fund II). Some of Australia’s leading public and private institutions are investors in the new fund, including cornerstone investors Westpac and the Clean Energy Finance Corporation (CEFC). The new fund […]
Fireside Chat: Hysata – Defying hydrogen’s hype cycle
Blair Pritchard is a Partner at Virescent Ventures and has led Virescent’s Seed, Series A and Series B investments in Hysata, on behalf of the CEFC. He also sits on Hysata’s Board of Directors. The views expressed in this post are Blair’s personal opinions. Why is Hysata important? Hysata’s $172m Series B fundraise is […]
Xefco: Investment Notes
Summary We are excited to announce our investment in Xefco, a Geelong-based start-up that has developed a novel technology for dyeing and finishing textiles. It uses 99% less water, 90% less energy and 97% less chemicals than the conventional process. This is Virescent’s 34th investment on behalf of the Clean Energy Finance Corporation. The investment […]
Virescent Ventures and UNSW to invest $1.6m in Australia’s most promising climate startups
The Trailblazer for Recycling & Clean Energy and Virescent Ventures back UNSW Founders’ Climate 10x accelerator program The Trailblazer for Recycling & Clean Energy (TRaCE) and Virescent Ventures have partnered to invest $1.6 million in Australian climate tech startups through UNSW Founders Climate 10x Program. The partnership will see the largest investment made to climate […]
Renewable Metals close $8m Seed round to scale groundbreaking battery recycling tech
Australian battery recycling startup Renewable Metals has closed an $8 million investment round to scale and commercialise its groundbreaking lithium-ion battery recycling technology, backed by Virescent Ventures and leading Asia Pacific and US-based investors. The Renewable Metals technology uses an alkaline leaching that eliminates the need to pre-process battery cells to ‘black mass’ as found […]
HydGene Renewables raises $6m in Seed funding for green hydrogen solution
Virescent Ventures has backed HydGene Renewables, a new Australian company that has developed an alternative green hydrogen solution that turns biomass into hydrogen in a process that is both renewable and carbon negative. The HydGene technique uses novel biocatalysts to convert the sugars derived from organic waste, including agricultural waste, into valuable products like hydrogen. […]
Novalith Technologies Raises $23 Million In Series A Funding To Revolutionise Lithium Production
Virescent Ventures portfolio company Novalith Technologies has announced their A$23m Series A to build a processing plant that uses their novel process to extract battery-grade lithium from ores faster, cheaper and greener than existing extraction techniques. Read the full article here: https://www.novalith.com.au/news/novalith-technologies-raises-au-23-million-in-series-a-funding-to-revolutionise-lithium-production
Loam Bio raises $105m Series B to boost soil carbon sequestration
Virescent Ventures portfolio company, Loam Bio, is launching into the Australian market after years of product development and its latest A$105m Series B funding round. Loam is set to transform CO2 removal with its microbial technology for cropping systems. “Loam’s microbial technology enables greater volumes of carbon to be stored in soils for longer periods of […]
Lab-grown milk start-up raises $25m
Synthetic dairy producer All G Foods has raised $25 million to turbocharge the production of its milk alternative, with UK-based Agronomics leading the round and promising to lend its precision fermentation plants to help scale the fledgling start-up’s manufacturing plans. Cellular agricultural firm Agronomics has tipped in $15 million through its UK-listed entity and another […]
