HomeUKGreensphere Capital Secures Funding for British Climate and Nature Fund

Greensphere Capital Secures Funding for British Climate and Nature Fund

Greensphere Capital

Greensphere Capital, a London, UK-based specialist investment adviser, has raised £66.3m in conditional capital for its Gaia Sciences Innovation fund.

The fundraising has been led by a commitment of up to £50m on a match-funding basis from the UK Infrastructure Bank, alongside a £15m investment from Franks Mars, Member of the Board of Directors at Mars, Inc., who will also step into a role as chair of the advisory committee for Gaia Sciences Innovation.

Funds will be deployed to invest into start-up, spin-out, and scale-up businesses linked to these institutions, providing products and services that can help tackle biodiversity loss and climate change. Companies will be based across the UK, with a particular focus on regional research hubs such as York and Norwich. The fund invests primarily across three focus areas:

  • Greening real assets: making agriculture and forestry more sustainable and enhancing or restoring land and water-based ecosystems, with applications such as natural pest control, green fertiliser, products that enhance soil health, afforestation, habitat restoration advisory, enhanced carbon dioxide sequestration, and improved watershed management.
  • Green fintech: providing technology and expertise that can underpin green financial markets. This includes technologies to measure, monitor and verify biodiversity and climate impacts, including technologies for environmental DNA collection and sequencing, sensors for tracking water and soil health, computational genetics, and AI for assessing climate and nature-related risks.
  • Human supply-chain resilience: investing in solutions that improve the resilience of human supply chains (from food to medicine) and ease pressures on ecosystems or adapt to changing conditions, for example through climate-resilient food crops, developing alternatives that displace drivers of deforestation such as meat, dairy and palm oil, and using plants for drug discovery or producing bioactive compounds.

Businesses are expected to be based across the UK, with a particular focus on regional bioscience research hubs such as York and Norwich.

Gaia Sciences Innovation brings together a group of British bioscience and environmental science institutes. Collectively, these organisations include more than 4,000 scientists, researchers, and conservationists, including Royal Botanical Gardens, Kew, ZSL, University of York, UK Centre for Ecology & Hydrology, and the Anglia Innovation Partnership, where partners include the Earlham Institute, John Innes Centre, Norfolk and Norwich University Hospitals NHS Foundation Trust, Quadram Institute, The Sainsbury Laboratory, and the University of East Anglia. 

Founded in 2011 by Divya Seshamani and Jon Moulton, Greensphere Capital invests in sustainable technology, companies and projects that help to mitigate the dual crises of climate change and biodiversity loss.

VCWire

20/03/2024