As we approach the end of 2024, we reflect on a year of remarkable growth and impactful contributions to decarbonization and a sustainable future.
This year, we welcomed nine pioneering portfolio companies to our Earth VC family, selected from thousands of promising deep tech startups, bringing our total portfolio to 20 companies. Notably, three of them successfully raised subsequent funding rounds. Our investments have expanded beyond Emerging Asia, now also reaching Europe and the USA.
Here’s to pushing boundaries, backing bold innovation, and creating a sustainable world in the year ahead!
9 NEW INVESTMENTS
Blykalla
We joined Blykalla's 80M SEK Series A funding round to fuel the next generation of nuclear reactor.
Orbillion Bio
We backed Orbillion Bio (YC W21) 's latest funding round to fuel their expansion into the Singapore market. This funding round takes Orbillion’s total raised fund to $15M, marking a significant step to scale up production and further develop its technology.
Sparxell
We joined a $3.2M funding round of Sparxell , the UK-based trailblazer founded by University of Cambridge scientists, with their fully biodegradable pigments from cellulose.
Aalo Atomics
We fueled Aalo Atomics's vision for a sustainable nuclear future in a $27M funding round to push toward ushering in the Second Atomic Age.
Cambrium
We participated in the Seed extension round of Cambrium, a Berlin-based startup using biotechnology and Gen AI to unlock the next wave of sustainable biomaterials.
Mojave Energy Systems
We joined the $9.5 million Series A funding of Mojave Energy Systems, Inc. to fuel the adoption of their most energy-efficient commercial air conditioner.
Hoxton Farms
Hoxton Farms builds a platform to supply cultivated fat as a customisable B2B ingredient to plant-based meat companies who are desperate for better alternative fats.
WHAT ABOUT OUR TEAM?
Welcoming our new partner
We are happy to officially welcome our new Venture Partner, Lan Anh Nguyen - CEO of Endeavor Vietnam and Former Editor-in-Chief of Forbes Vietnam. She is one of the most influential change-makers in Vietnam shaping the fields of Asia's Finance and Venture Capital. Lan Anh has leveraged her extensive knowledge and experience in Vietnam's business environment to support startups and drive positive social impact.
Our knowledge-sharing training workshops
Our team organized over ten internal workshops on topics ranging from Prompt Engineering to Earth Observation, Semiconductor to Vertical Farming, ChatGPT Utilization to Problem Solving Skills.
At Earth Venture Capital, science is the core of our approach and we love dissecting climate tech knowledge within our team. Our office buzzes with knowledge-sharing activities to learn and grow as we believe that to truly make an impact in climate tech, understanding the science behind it is essential.
FROM SPEAKER TO ATTENDEE:
2024 IS OUR YEAR IN ACTION
We engaged in a number of events in the past year on a regional and global scale, both as speakers and attendees - from the APAC Family Office Investment Summit, the Climate Transition Summit, to Cleantech Forum Asia, and the visit of MBA students from the University of Louisville, GITEX Impact, the AVPN Global Conference, and especially the incredible SLUSH.
This Year's SLUSH hit different!
This year hit different as we returned to Slush in nearly full force. Our team has covered lots of ground:
We hosted a networking Asian-heat-inspired dinner weaving in Finnish sauna culture and surfing lessons.
Our Investment Associate, Nam Tran, turned heads at the German Pitch Stage, highlighting our investment recipe that challenges the norm.
We had the chance to visit Kuva Space and Blykalla offices on-site, where dynamic conversations sparked inspiration, ideas, and the energy to keep pushing boundaries.
Tien Nguyen's Insights In the Data Vantage Report By DealStreetAsia
The latest report by DealStreetAsia - DATA VANTAGE is out. Our Founding Partner, Tien Nguyen, shares his insights into:
Our Fund II Performance and Progress in 2024
"This year, Earth Venture Capital has seen significant improvements in the quality of deal flow, with a pipeline now reaching over 3,000 startups. We're working with stronger co-investor, reflecting the growing mainstream adoption of climate tech as an essential industry. While ticket sizes were up to a million last year, we expect them to increase as we focus more aggressively on backing the best scientists and innovators of our time. Supporting this momentum, we will soon close Earth Venture Fund II to address the massive demand for climate innovation, with current interest rates creating a favorable environment for capital deployment."
Key Focus Areas in Our Deep Tech Investments
"Our focus is also evolving to reflect the brightest sectors in deep-tech for climate, including novel energy systems, space tech for environmental monitoring, biotech for sustainable materials, and AI/ML solutions for efficiency and optimization. With climate tech becoming mainstream, we are more aggressive in seizing these opportunities, ensuring our portfolio aligns with the sectors poised for transformative impact. As we scale investments, we remain committed to advancing startups that combine environmental impact with strong market potential."
The Future of Southeast Asia's Deep Tech Ecosystem
"In the next decade, Southeast Asia mist capitalise on its $3 trillion economy and the urgency of the climate crisis to drive innovation. Over the next 20 years, the focus should shift to deep tech, ensuring the region keeps pace with the developed world and plays a pivotal role in global sustainability efforts."
If you've made it this far, thank you for reading and for being a part of our whirlwind journey.
Here’s to a bolder 2025! Let’s keep building a thriving, sustainable future together.
Warm regards,
The Earth Venture Capital Team
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