The Danish Venture Capital (VC) Kompas Ventures has announced the launch of a Sustainable 160 million dollars funds for startups at an early stage. The main objective of the VC would be the American, European and Israeli startups in the real estate, construction and manufacturing sectors aimed at reducing CO2 waste and emissions. Investments in seeds and serial A should be between $ 1 and $ 5 million.
“Riding capital plays an essential role in financing the development of revolutionary solutions to mitigate the climate impact of modern industry and support more sustainable commercial practices. We are incredibly excited to embark on this trip and support the ambitious founders who will lead to this change, “ Said Talia Rafaeli, partner at Kompas Ventures.
Sebastian Peck, also a partner of Kompas Ventures, underlines that the existential threat of climate change obliges us, as a company, to Think differently about how we design and build our future citiesCommercial buildings and residential houses. He stresses that 39% of the world’s CO2 is issued by the building sector and that 30% of the waste generated in Europe arise from construction and demolition.
Therefore, the copenhagen base Kompas Ventures Will focus more specifically on screening for:
- startups in the residential sector which focuses on advanced materials, intelligent house technology, IoT and climate technology.
- startups in Real estate and construction which provide solutions for the optimization of life cycle assets, architecture and building design, construction methods and improving customer experience.
- Startups working on industrial automation, Circular economy. Management of the digital supply chain, cybersecurity.