2022 Year in Review for 2150

As the last few days of 2022 bring this year to a close, we wanted to pause to look back upon the year and reminisce on some of our milestones as well as some of our plans for the year ahead.

Team

Part of the team during our AGM

Welcome to the team Peter Hirsch, Nicole, Max Blanshard, Christopher, Shahnaz, Chris H and Andreea. It has been amazing to see such a diverse set of people (and diverse in the traditional sense but also in terms of backgrounds, brain models, passions) align around a common mission.

In other team-related news: we moved into our new offices in London, alongside our friends at NREP. We are right across the street from Bond Street station and will be using our new facilities for more event and convenings in the year to come.

The new office certainly has a glowing green vibe

Portfolio

The portfolio now spans from San Francisco to Hong Kong, Stockholm to Boca Raton, Florida. It’s impact last year had already mitigated 277,000 tonnes of CO2e we can’t wait to share the growth in impact from 2022 in the New Year.

Most importantly, we want to say THANK YOU to the founders that allowed us to partner with them this year! That means you Ginger, Daniel, Joe, Roni, Kate and Kat, Remo and Francois and those whom are yet to be named!! We are also amazingly grateful to the 1,193 startups that we engaged with throughout the year in their fundraising processes. We strive to respect the entrepreneurial journey and support founders in what way we can when funding is not the right path.

Co-Investors

Ecosysetm

Nicole interviews 2150 portfolio CEOs Daniel Betts and Amit Gupta at The Drop

In London, we hosted a movie premiere of Invisible Demons, the shocking documentary that brings to the screen the impact climate change is already having in Dehli, India today.

The team also fanned across the globe to speak and network at ChangeNow, London Tech Week, Climate Week New York, Next Web, Slush, COP 26, Women in VC, SuperVenture and on and on and on…

From Sharm el-Sheikh to Paris, London, Amsterdam and New York the 2150 spread its presence wide

The market

  • The Russian invasion in Ukraine, apart from its horrific human toil, has had a meaningful impact on energy security across Europe.
  • The public tech market has been reset with that also impacting rounds and valuations for later stage private technology funding rounds. Early stage (Series A to C) Climate Tech, however, has remained resilient.
A take of two halves comparing all VC with “Climate Tech” from Pitchbook Data

But there is also bright momentum in our space

  • $40 billion is expected to be invested into Climate Tech globally in 2022.
  • $64 billion of climate-focused AUM was raised in 2022 across PE and VC.

When we started incubating 2150, “climate tech” wasn’t a widely used term. It is now one of the most compelling and fastest rising verticals with talent and money coming together for impact.

We cannot finish a look back at 2022 without calling out the regulatory tailwind that is now driving accelerated adoption of sustainable technologies, much of it in the built environment. From Local Law 97 in New York and the European ETS pricing the operational carbon of buildings, to the billions in incentives for decarbonisation of homes via the IRA and various national and city-level policies incentivising action.

From climate artist Nicole Kelner

The New Year

Between now and the end of the year, however, we will all be taking a well needed break, spending time with our families and loved ones and welcoming the New Year with hope and excitement…

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2150 is a venture capital firm investing in technology companies that seek to sustainably reimagine and reshape the urban environment. 2150’s investment thesis focuses on major unsolved problems across what it calls the ‘Urban Stack’, which comprises every element of the built environment, from the way our cities are designed, constructed and powered, to the way people live, work and are cared for. Find out more at www.2150.vc

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2150

2150 is a venture capital firm investing in technology companies that seek to sustainably reimagine and reshape the urban environment.