Copenhagen’s newest VC firm, Kompas is launching a $160 million fund that is specifically looking to back US, European, and Israeli early-stage startups in the real estate, construction, and manufacturing sectors aiming to reduce waste and CO2 emissions. Going in at Seed and/or Series A rounds, the typical ticket size is expected to range anywhere between $1 million to $5 million.
More specifically, Kompas is scouting for startups in the residential sector that are focused on advanced materials, smart home technology, IoT and climate technology. On the real estate and construction side, solutions for lifecycle asset optimisation, architecture and building design, construction methods, and improving customer experience. And rounding out the future portfolio, young companies working with industrial automation, digital supply chain management, cyber security, enterprise software and the circular economy.
“Tackling the existential threat of climate change requires us to think differently about how we design and build our future cities, commercial buildings and residential homes,” says Kompas Ventures partner Sebastian Peck. “Today, 39% of the global CO2 is emitted by the building sector and 30% of the waste generated in Europe stems from construction and demolition. To meet its environmental obligations, the sector needs to change radically, which represents a tremendous opportunity for technological innovation and new business models. Our goal is to deliver top quartile financial returns by backing founders who will have a real impact on our industry.”
The firm has already invested in Colorado-based dynamic window company Tynt Technologies, and founding Partners Sebastian Peck and Talia Rafaeli plan to leverage their extensive network of contacts in the construction, real estate, and manufacturing industry to support the development of its portfolio companies. A cornerstone investor in the fund is VELUX owner VKR Holding.
“Venture capital plays a critical role in funding the development of breakthrough solutions to mitigate the climate impact of modern industry and underpin more sustainable business practices,” says Talia Rafaeli. “We are incredibly excited to embark on this journey, and back the ambitious founders that will bring about this change.”