Kompas ,the most recent VC firm from Copenhagen is announcing a $160 million fund that is aimed to back US, European, and Israeli early-stage startups in the real estate, construction that are looking to reduce waste and CO2 emissions. Investing at Seed and/or Series A rounds, the typical ticket size is expected to range from $1 million to $5 million.
“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 made an investment in American dynamic window company Tynt Technologies, and Partners Sebastian Peck and Talia Rafaeli plan to support their portfolio companies through their extensive network in the construction, real estate, and manufacturing industry.
“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.”