There’s a new climate fund in town. Transition VC says it is ‘born out of London, with two pieds-à-terre in Reykjavik and New York’ – it knows no boundaries apparently.
Coming out of stealth the founders have been busy working away over the last two years, partnering ‘with leading climate tech founders at Seed and Series A across the Atlantic’ and now they have popped their head above the veil with an article in Bloomberg News.
Citing that it bridges ‘the gap between traditional tech, climate science, the corporate sector, and policy’ the ‘interdisciplinary team has a single mission: accelerate the shift to an abundant and resilient society that can thrive within our planet’s boundaries’.
The planetary boundaries concept is a framework developed by the Stockholm Resilience Centre that looks at nine systems under immense pressure by human activities, which include ocean acidification, climate change, freshwater consumption and biodiversity loss. The boundaries are crucial for the planet’s stability, and researchers have warned we are living well beyond some of them - Bloomberg.
“If we look at our planet, our ecosystem, it’s very interconnected. If we just look at carbon, we might solve the carbon crisis, but that has a cascading effect in other ways, maybe biodiversity or land use, that need to be addressed," Transition partner Mona Alsubaei told Bloomberg.
It has already invested in nine companies including Waterplan, Upway and Safi.