HomeUSAMontauk Climate Raises $8.5M to Build Technology Companies Focused on Climate, Infrastructure,...

Montauk Climate Raises $8.5M to Build Technology Companies Focused on Climate, Infrastructure, and Energy Transitions

Montauk Climate, a NYC-based incubator dedicated to creating technology companies at the forefront of climate, infrastructure, and energy transitions, launched with $8.5m in operating capital.

The round was led by Amplo Founder and Managing Partner, Sheel Tyle.

Co-founded by Philip Krim, CEO, Evan Caron, CIO, and COO Sharo Atmeh, Montauk Climate is an incubator dedicated to creating technology companies that are at the forefront of climate, infrastructure, and energy transitions. The firm will identify and recruit talent, including founders, builders, and operators to help solve the decarbonization problems.

Montauk Climate also leverages its network of advisors and industry insiders to boost idea generation, deal execution, and talent sourcing. Incubated companies get direct access to the firm’s advisory board, composed of:

  • Adam Braun, Cofounder of Climate Club;
  • Kiran Bhatraju, CEO of Arcadia;
  • Corey Capasso, CEO of Urbint;
  • Dr. John Clippinger, Co-founder BioForm Labs;
  • Chris Kemper, CEO of Palmetto Energy;
  • Ryan Pripstein, Former Head of Thrive Capital Incubator;
  • JD Ross, Co-rounder of OpenDoor;
  • Arcady Sosinov, CEO of Freewire;
  • and others.

The co-founders

  • Krim, former CEO and Chairman of Casper, has deep expertise in incubating and investing in early-stage tech companies such as Affirm, Masterclass, Ramp, Reddit, Relativity Space, Ro, and many other early-stage companies. He also co-founded Haven Energy, a climate tech startup that has raised over $11 million in total funding.
  • Caron brings more than two decades of expertise in the energy and commodities sector to Montauk Climate, having held energy and renewable-related positions at Riverstone, Deutsche Bank, Mercuria, and Trailstone.
  • Atmeh managed one of the first public climate-tech investing platforms in the nation as Portfolio Manager and Head of ESG and Event-Driven at Alyeska Investment Group. Atmeh also helped establish the leading national advisor to Fortune 100 companies on sustainability and stakeholder matters including ESG, activism defense, and unsolicited M&A.

VCWire

20/03/2024