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$300m for Climate And Sustainability companies

Abe Yokell’s Congruent Ventures Raises $300 Million for Climate Startups and will now have more than $700 million in assets under management. 

The fund will  help its stable of climate-focused startups  scale their operations,

Investors include

  •  the California State Teachers Retirement System —
  • Grantham Foundation, 
  • Sobrato Capital, 
  • Three Cairns Group and 
  • investors advised by Cambridge Associates.

 Two  of Congruent’s companies had already been acquired by oil giant BP Plc: Amply Power, which offers electric vehicle charging for fleets, and Blueprint Power, which provides energy management for buildings. 

The Yokell gem 💎 

“A story is not going to get you a good exit, here,” he said, in an interview. “You’re going to have to build good companies.”

Posted on April 21, 2023

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