Month: May 2024

7 Venture-capital Firms Investing in ESG Startups

In the dynamic world of venture capital, a new generation of firms is making waves around the world. From Europe to Africa, Asia, and North America, these firms are revolutionizing the business scene by investing in ESG startups.

However, they are not only providing much-needed capital to these startups but also nurturing innovation and driving sustainable growth in their respective regions. Additionally, by investing in ESG efforts, these firms incentivize more startups to adopt ESG practices in actualizing their innovative ideas, thus promoting positive environmental and social reforms.

Here, we delve into the unique focus and strategies of 7 venture capital firms investing in ESG startups:

1. 10x Founders:

Based in Germany, 10x Founders supports early-stage tech startups around the world, especially in the DACH region (Germany, Austria and Switzerland). Additionally, the firm leverages a robust network of successful entrepreneurs and investors to provide not just capital but strategic mentorship and resources. With a focus on sectors such as software, fintech, and deep tech, 10x Founders aims to accelerate the growth of innovative, sustainable startups, ensuring they have the tools and support to grow effectively. A few of these remarkable startups that the firm supports include: Fernride, sustainable logistics company; Cyclib, a startup that sustainably recycles batteries for electric vehicles; and Lenco, a Nigerian-built mobile bank app for freelancers, SMEs, and tech startups.

2. 100X.VC:

Over in India, 100X.VC is a venture capital firm that stands out for its distinctive approach to early-stage investments. The firm utilizes iSAFE (India Simple Agreement for Future Equity) notes to streamline the investment process. This approach is designed to be more founder-friendly, making it easier for startups to secure the initial capital needed to grow. Moreover, 100X.VC's portfolio spans a wide range of sectors, including technology, consumer goods, healthcare, and education, all aimed at fostering significant players in their industries. As a result, you can find startups like Battery Pool, BreatheESG, and Emo Energy among the ESG-compliant companies supported by 100X.VC.

View this post on Instagram

A post shared by 100X.VC (@100x.vc)

3. 20 Ventures:

In Italy, 20 Ventures is making its mark by providing hands-on support to early-stage technology-driven startups. Furthermore, the firm focuses on sectors such as digital health, artificial intelligence, and clean technology in a bid to support innovative solutions that can disrupt traditional markets. Their approach basically involves deep engagement with their portfolio companies, ensuring they receive the guidance and resources needed to thrive in competitive markets. Sustainable startups like Levante are one of such companies backed by 20 Ventures.

View this post on Instagram

A post shared by 20V (@20ventures)

4. A2D Ventures:

Based in Thailand, A2D Ventures is a venture capital firm that prioritizes investing in early-stage startups across Southeast Asia. The firm seeks to accelerate the growth of innovative startups so as to enable them to create more job opportunities, empower individuals, and also contribute to the sustainable growth and development of southeast Asia. A2D Ventures raises capital for these startups through their large community of angel investors and family offices. The firm is committed to backing visionary entrepreneurs that have the potential to disrupt industries and create new market opportunities. Notably, sustainable startups like Sleek EV and Baniql are among the remarkable companies backed by A2D Ventures.

View this post on Instagram

A post shared by A2D Ventures (@a2dventures)

5. ABB Technology Ventures:

ABB Technology Ventures (ATV) is the corporate venture capital arm of ABB Group, a global leader in industrial technology and automation. ATV focuses on investing in breakthrough technologies that align with ABB's core business areas, including robotics, industrial automation, electrification, and digitalization. The firm targets early-stage to growth-stage startups that are developing innovative solutions capable of transforming industries and driving sustainability. ABB Technology Ventures provides not only financial support but also access to ABB's vast industrial expertise, global market presence, and extensive customer base, which can significantly accelerate a startup's development and market penetration. In a bid to achieve their goal of enabling a more sustainable future, they are actively investing in sustainable startups like Lumin, Direct Energy Partners, and Okto Grid.

6. Alpha Intelligence Capital VC Firm:

Alpha Intelligence Capital (AIC) is a venture capital firm specializing in artificial intelligence and deep-tech investments. AIC focuses on backing startups that are leveraging AI to create transformative solutions across various industries, such as healthcare, finance, transportation, and cybersecurity. As a result, they seek out companies with strong technical foundations and the potential for significant market impact. AIC provides its portfolio companies with deep domain expertise, strategic insights, and a robust network of industry connections to help them navigate the complexities of scaling AI-driven technologies. This is because their mission is to support the next generation of AI innovators and help them achieve global success. Said innovators include startups like Our Next Energy.

7. The Catalyst Fund:

With over 80 portfolio startups accelerated by them, The Catalyst Fund focuses on supporting innovative fintech and sustainability-driven startups in developing regions, especially in Africa. Since its launch in 2015, the firm has positioned itself as a key player in the global effort to expand financial access and resilience among low-income communities. Its aim is to support entrepreneurs with innovative ideas that can tackle challenges plaguing the world today, most especially climate change. This is why it actively invests in firms like Bekia, Biobuu, Coldhubs, Farmz2U, NoorNation, Thola, and much more.

In essence, these seven venture-capital firms exemplify the diverse and vibrant landscape of venture capital across different regions. Each firm brings a unique approach to supporting startups, tailored to the specific needs and opportunities within their regions.

Moreover, they are not only funding the future but actively shaping it. As they continue to nurture the next generation of successful startups, their impact will undoubtedly resonate across the global economy and encourage sustainable development.

Like the startups supported by these VC firms, Redcity is also ESG compliant. Discover the services we offer here and click here for more news and updates.

What do you think about these 7 Venture Capital Firms Investing in ESG Startups? Comment below.

 

Redcity's cost estimate calculator is a tool that approximates the cost of custom-built projects based on various factors such as product type, square metres, delivery location, quantity, and other expenses. You can find it on our custom-build page, right below the products we offer.

The calculator helps in budget planning and decision-making by providing an estimate of the expected expenses. In addition, it helps with risk management by identifying potential cost overruns and assessing the feasibility and profitability of projects.

With that said, here's a breakdown of its components and how it works:

Features:

Product type: This component lists the types of customisable products available, as well as their prices. They include container offices, container homes, branded kiosks, modular houses, upscaled furnishing, and beach cabanas.

Measurement: Here, you decide the number of square metres required for the project, ranging from a minimum of 1 sqm to a maximum of 100 sqm.

Quality Assurance: This feature measures the durability level required, which ranges from 1 to 5.

Add-on services: This stipulates the add-on services included in construction and allows the option of removing or adding said services. The services include design and material procurement. You can add both services or remove one or both, depending on the specific project requirements.

Delivery Zone: Here, you pick the region, within or outside Africa, to which you would like the product delivered.

Quantity: Here, you state the quantity of the product required, the highest being 100 pieces.

Summary and breakdown: This provides a summary of the total cost, as well as a breakdown of individual cost components for transparency and review.

How to Use Redcity's Cost Estimate Calculator:

• Click on the custom-build bar and choose the product you want to customise.
• Next, type in the number of square metres required.
• Afterwards, choose how durable you want the product to be.
• Then choose whether you want all add-on services, just one, or none.
• Select the region you want the product delivered to.
• Then, finally, type in the quantity required.

The calculator will automatically calculate your total cost, and you can review and adjust it where necessary to suit your budget. In essence, the calculator processes your inputs to provide a detailed report, helping you to ensure the project stays within budget and on schedule.

 

In summary, Redcity's cost estimate calculator provides critical insights and helps ensure that your visualised projects are accurately brought to life and are within budget.

If you would like to design and build your very own container house or office, modular house, kiosk, furnishing, or beach cabana, visit our custom-build page here and scroll down to use our cost estimate calculator. Afterwards, click here to request a quote and get started.

Discover more of our services here and visit here for more news and updates.

What do you think about Redcity's cost estimate calculator? Comment below!

 

Redcity partners with KADIFF for the film festival's 7th edition, coming up on August 27, 2024. The Kaduna International Film Festival (KADIFF) is the first international film festival in Northern Nigeria.

Founded by Audu Kashim Israel, this annual event celebrates the art of filmmaking in Nigeria and all over. It is a five-day-long festival that provides a platform for filmmakers to not only display their work and win awards, but also share ideas, and promote cultural variety through cinema.

KADIFF aims to foster the growth of the Nigerian film industry while providing opportunities for emerging filmmakers to connect with industry professionals. It features film screenings, exhibitions, workshops, and also networking events, attracting both local and international participants.

What's more, through its diverse selection of films and events, KADIFF contributes to the development of the Nigerian film industry and promotes cultural exchange on a global scale.

The seventh edition of this esteemed festival is set to take place from August 27th to 31st, 2024, and is themed Cinema and Cultural Exchange.

View this post on Instagram

A post shared by KADUNA INT FILM FESTIVAL (@kadunafilmfestival)

Making up its board of jurors this year will be a number of seasoned professionals in the film industry. The likes of which include: Dr. Victor Okhai, Faithia Balogun Williams, Anna Deluche, Prof. Femi Shaka, Dr. Ekaette Brian Edem, and more.

View this post on Instagram

A post shared by KADUNA INT FILM FESTIVAL (@kadunafilmfestival)

In fostering community engagement, Redcity partners with KADIFF for the film festival's 7th edition by providing booths and stalls for vendors while also expanding the festival's outreach. This way, Redcity assists KADIFF in not only promoting local businesses and talents but also creating vibrant spaces for people to connect and celebrate art.

Essentially, this collaboration will create a vibrant atmosphere for both filmmakers and participants during the festival, ultimately enhancing their overall experience.

View this post on Instagram

A post shared by Red City (@redcityestate)

For vendors seeking to save a space at the film festival, KADIFF has begun registrations! Request your booth here! Follow their social media page here to stay updated.  

What do you think about the Kaduna International Film Festival? Comment below.

Redcity's Global Sustainability exhibition is scheduled for June 27th, 2024 - June 29th, 2024.

Theme: Sustainability in Emerging Economies

This is a virtual exhibition and conference that brings together business leaders, industry experts, investors, and decision-makers in the sustainability and ESG sectors.

With the constant rise in global temperatures, changes in climate, and many more environmental issues impacting the globe, the need for sustainable solutions cannot be understated.

The purpose of the exhibition is to showcase and create networking opportunities for sustainability-focused companies across the globe and drive sustainability development in Africa.

There are four ways to participate:

Attendee Pass:

As an attendee, you will have the opportunity to join the online meetings. You also get to ask questions, share thoughts with the speakers, and network.

Exhibitor Pass:

As an exhibitor, you will have the opportunity to exhibit and educate about your product, and schedule a one-on-one session with a pre-selected participating company. You also access networking opportunities, feature in the Global exhibition film, and include promotional material for your brand throughout the event.

Initiator Pass:

With the Initiator pass, you will have the opportunity to exhibit and educate about your product. You get to schedule one-on-one sessions with 5 pre-selected participating companies. You are also open to specialized networking opportunities, featuring in the film, and promotions for the event. In addition, you get to partner with Redcity for the next 12 months to facilitate entry into African markets (Nigeria, Ghana, Cote d'Ivoire, South Africa, Kenya, Tanzania, Morocco, Senegal, & Ethiopia).

Connector Pass:

The connector pass gives direct and immediate access to all participating companies including scheduling one-on-one sessions with as many of them as needed, featuring in the global exhibition film with interview sessions, and promotional opportunities. Partnership with Redcity for the next 24 months to facilitate entry into African markets (Nigeria, Ghana, Cote d'Ivoire, South Africa, Kenya, Tanzania, Morocco, Senegal, & Ethiopia), including introductions to relevant parastatals, and a 3-month offline activation project launching in June.

Please note that all passes are limited so every participant can get the most out of the exhibition.

To participate, register here.

In summary, the exhibition will be a significant milestone in the sustainability and ESG sector globally. It will as well increase visibility, provide profitable partnerships, investment opportunities, and early go-to-market research.

View our 500 Global ESG ranking here to see where you placed. Also, learn how you can improve that rating here.

What do you think about Redcity's Global Sustainability Exhibition? Will you join? Comment below!