Elbow Beach, a UK-based seed investor in climate impact technologies, has announced its second fund closing at £63M from an £80M target. The fund, which includes significant contributions from the British Business Bank, aims to deploy £40M immediately to support up to 36 early-stage British startups. This initiative is focused on fostering technologies in areas like automation, AI, and low-carbon solutions that enhance industrial efficiency while meeting climate goals. The CEO emphasizes marrying financial growth with climate impact.
The UK's Elbow Beach has launched its £80M Climate Impact Fund 2 to support innovative startups in clean technologies, enhancing efficiency while addressing climate challenges.
With £40M ready for deployment, the fund targets early-stage British startups focused on automation, AI, and low-carbon innovations over the next four years.
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