HomeAnalysisBuoyant Ventures Releases 2022 Impact Report

Buoyant Ventures Releases 2022 Impact Report

Buoyant Ventures

Buoyant Ventures, a Chicago, IL-based early-stage venture firm investing in digital solutions to climate change, released its 2022 Impact Report

The document demonstrates the firm’s ongoing commitment to investing in digital-focused mitigation and adaptation solutions for climate change related challenges. To date, Buoyant Ventures has managed $81m with a focus on seed and Series A opportunities in energy, mobility, agriculture, water, circular economy, and the built environment. 

The 2022 Impact Report expands on the firm’s first report, launched in 2021, by utilizing methodology from leading industry standards including the UN’s sustainable Development Goals, Global Impact Investing Network’s IRIS metrics, and Impact Management Project’s Five Impact Dimensions to quantify measurable impact metrics.

Overview of portfolio-wide impact metrics from Buoyant’s 2022 Impact Report:

  • Renewable Energy: 68.5 gigawatts of renewable energy managed by portfolio companies;
  • GHG Emissions: 1 million metric tons of carbon dioxide equivalent emissions avoided by portfolio companies;
  • Water Efficiency: 4.5k gallons of water usage avoided by portfolio companies;
  • Lives & Livelihoods Impacted: 52k people;
  • Risks Hedged: $148M; and
  • Food Produced: 22k metric tons. 

Key details from Buoyant’s portfolio companies include:

  • 45% are working towards climate mitigation strategies, 33% towards adaptation, and 22% working on both;
  • Top three industry sectors are: climate intelligence, built environment, energy; and 
  • 20% of portfolio company employees come from racially diverse backgrounds; while 29% are gender diverse.

Led by Allison Myers, general partner, and Amy Francetic, managing general partner, Buoyant Ventures is a female-led venture firm investing in entrepreneurs using digital technology to mitigate and adapt to climate change. They invest in startups leveraging software and simple hardware to address climate change across the energy, mobility, agriculture, water, circular economy, and the built environment sectors.

The climate fund is about half deployed with 11 investments, including: 

  • Raptor Maps (optimization software for utility-scale solar); 
  • SupplyShift (software to measure ESG metrics in global supply chains); 
  • FloodFlash (parametric flood insurance); 
  • Shifted Energy (demand response software for residential energy load); 
  • Audette (decarbonization software for commercial real estate); 
  • ReelData (software to optimize land-based aquaculture production);  
  • Beni (software to streamline secondhand clothing shopping); 
  • Canopy (climate benefits software for employee decarbonization); and 
  • ElectroTempo (software to help site EV charging infrastructure for medium and heavy duty fleet vehicles).

VCWire

03/11/2023