London and New York, April 10, 2024
Systemiq Capital and Purpose Venture Group (PVG) have announced a new partnership to accelerate climate solutions into the marketplace. PVG joins as a venture partner and investor in Systemiq Capital, which backs climate tech entrepreneurs raising late-seed to Series A/B rounds with $140m AUM.
Current Systemiq Capital portfolio companies include: Basecamp Research, which is building a new value chain between biodiversity and biotechnology; ZeroAvia, a hydrogen aviation leader; Jupiter Intelligence, a climate risk analytics provider; Charm Industrial, carbon removal leader; and, Nature Metrics, which has established the world’s largest environmental DNA database. To date, the Systemiq fund has achieved a number of notable exits to date including OpenInvest, a pioneer in values-based investing, which sold to J.P. Morgan in 2021, as well as Upside Energy, a leader in battery optimisation, which sold to Octopus Energy in 2020 and is now continuing to expand as Kraken Flex.
Systemiq Capital’s successful partnership with its sister company, Systemiq, which is a climate focused “system change” advisory company, has bolstered insights and supported founders with valuable climate connections. The new partnership with PVG will use the same model to strengthen expertise in sectors such as electrification and to support founders with their go-to-market strategies in North America.
Systemiq Capital is a leading investor in the climate and biodiversity sector, focused on four climate critical areas: sustainable food and materials, clean transport, climate intelligence and climate restoration. Led by Managing Partner, Irena Spazzapan, Systemiq Capital’s advisors include former Actis senior partner Paul Fletcher, former Unilever CEO Paul Polman, former McKinsey sustainability leader and founder of Systemiq, Jeremy Oppenheim, George Polk from Vision Ridge and tech entrepreneur James Bilefield.
PVG is a U.S. based strategic consulting firm focused on accelerating and scaling venture-backed solutions to climate change. Led by Founding Partners Ari Matusiak and Tony Curnes as well as Partners Diana Rhoten and Nadeem Sheikh, PVG’s leadership brings a wealth of experience in venture building, public and private markets, go to market strategy and scaling organizations across Opower, Lyft, Centerbridge, IDEO, the White House and more.
PVG’s work sits at the intersection of climate, finance and policy, with a focus on corporate growth and go-to-market strategy, strategic finance and organizational transformation. Some of PVG’s past and current clients include high-growth startups such as Mill, Rondo Energy, and Trove as well as industry incumbents such as Airbnb, Arcadia, and Mosaic. PVG has also incubated and launched two national US non-profits Rewiring America and the Power Forward Communities coalition.
"Our combined expertise in both strategic investment and climate impact positions us to drive a new wave of climate venture success in the years ahead on both sides of the ocean,”
said Irena Spazzapan, Managing Partner at Systemiq Capital.
"By joining forces with Purpose Venture Group, we are amplifying our ability to identify, invest in, and scale the kinds of solutions that will shape a more sustainable future."
Tony Curnes, Founding Partner at Purpose Venture Group, added,
"This partnership represents a shared vision for a greener, more equitable world, leveraging our respective expertise to develop a portfolio of solutions that can scale globally, helping excellent founders and teams foster innovation and deliver impact that makes a real difference to our collective future. We are excited to work with Systemiq Capital to drive this meaningful change." With a strong commitment to sustainable and ethical investment, this fund is set to become a cornerstone of the next generation of climate tech success stories.
For more information about Systemiq Capital and the partnership between Systemiq Capital and Purpose Venture Group, please visit PVG’s website or contact hello@purposeventure.co.
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About Systemiq Capital
Systemiq Capital is a climate tech venture capital firm based in London. They back climate tech entrepreneurs across Europe and the US raising their late seed to Series A/B rounds. Built around deep thought leadership, integrated with an unparalleled network of multi-specialist climate experts, policy makers, and c-suite corporate enablers, their portfolio companies benefit from access to unparalleled climate knowledge and networks.
About Purpose Venture Group
Purpose Venture Group (PVG) advises clients seeking to advance the health of our climate and social compact. PVG is the strategy consulting firm that makes impact investible. We help clients define a path to profitable impact that attracts capital. We identify risks and bottlenecks on that path and help clients overcome them. We leverage our networks as well as our policy and market know-how to expand and scale client reach and impact.
About Systemiq Limited
Systemiq, the system-change company, was founded in 2016 to drive the achievement of the Paris Agreement and the Sustainable Development Goals, by transforming markets and business models in four key economic systems: regenerative land use, materials and circularity, energy and sustainable finance. A certified B Corp, SYSTEMIQ combines strategic advisory with high-impact, on-the-ground work, and partners with business, finance, policy-makers and civil society to deliver change. Systemiq’s people are based in Brazil, France, Germany, Indonesia, the Netherlands and the UK. Find out more at www.systemiq.earth