Greenbackers Investment Capital

Important insights on climate tech VC performance from the British Business Bank's latest Venture Capital Financial Returns 2024 Report. Key findings for the green tech sector: 📈 Signs of a strong recovery: - £6.1bn raised globally by green tech companies in 2022-2024 - 293% increase from the previous three-year period - Market share growing from 0.1% to 0.7% of global VC investment 💪 Recent vintage performance improving: - 2014-2022 vintage green tech funds showing TVPI of 1.55, approaching market average of 1.64 - Significant improvement from previous vintages, indicating more commercially viable propositions 🔄 What's driving the revival? - Policy catalysts like the US Inflation Reduction Act and European Green Deal - Rising fossil fuel costs highlighting need for alternatives - Improved technology economics making solutions more commercially viable - Growing focus on energy security The data suggests we're entering a more mature phase for climate tech investing - one built on stronger commercial foundations than the previous cleantech wave. Unlike "cleantech 1.0", today's green technologies are more cost-competitive and supported by stronger policy frameworks. As specialists in climate tech investment, we're encouraged by these trends showing the sector's growing commercial viability - and we see the same across our deals! If you want to take a look, reach out to one of the team. And you can meet the deals at our next Pitch event in London on 29 January! Sign up at https://greenbackers.com Robert Hokin, Andrew Smith, Mark Hannigan, Anton Themen, Annika Borrmann, Andy Li, John Steedman

Gogo Inyanga Marine Energy Group! Anyone going to the Ocean Energy Europe event in Aviemore should make an effort to meet Richard Parkinson and the team. They are doing amazing work in commercial scale marine energy.

The Autumn Budget 2024 is out, and there's crucial news for the UK's startup and VC ecosystem. Here's the general guidance on what you need to know: 𝗧𝗵𝗲 𝗴𝗼𝗼𝗱 𝗻𝗲𝘄𝘀 𝗳𝗶𝗿𝘀𝘁: - SEIS, EIS, and VCT tax reliefs are staying put - providing continued stability for early-stage investment - EIS/VCT sunset clause extended to 2035 (with EU approval already secured) - Chancellor explicitly committed to "working with leading entrepreneurs and venture capital firms" 𝗕𝘂𝘁 𝘁𝗵𝗲𝗿𝗲 𝗮𝗿𝗲 𝗰𝗵𝗮𝗻𝗴𝗲𝘀 𝗮𝗵𝗲𝗮𝗱: - Capital Gains Tax is shifting: - Basic rate: 10% → 18% - Higher rate: 20% → 24% - Business Asset Disposal Relief increasing to 14% (2025/26) and 18% (2026/27) The big shift comes in inheritance tax planning: From April 2026, Business Property Relief drops from 100% to 50% for assets over £1M - including SEIS and EIS investments. AIM-listed companies take a similar hit. 𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗺𝗲𝗮𝗻 𝗳𝗼𝗿 𝗳𝗼𝘂𝗻𝗱𝗲𝗿𝘀? The core venture funding ecosystem remains stable - your SEIS/EIS raises can continue as normal. But exit planning and later-stage considerations need a rethink, especially for family-owned businesses and larger startups. The message is clear: while supporting early-stage innovation, the Treasury is looking for more contribution from successful exits and larger enterprises. Are you planning a raise in 2024/25? How will these changes affect your strategy? Reach out to one of the Greenbackers team.

Are you a female founder leading a cleantechtech business that’s ready to grow? Great to see more accelerator's aimed at bringing more women into entrepreneurship and level the playing field - The Female Founder Accelerator is designed by Barclays Eagle Labs and AccelerateHER to support 100 female founders poised for growth. Over nine weeks of masterclasses, you’ll learn about marketing strategies, sales and negotiation, financial management and building a team. Once you feel you are investment ready, feel free to loop back to us here at Greenbackers investment Capital for investment and private capital support. Who is the programme for? The accelerator is designed for ventures beyond the ‘idea’ stage. This means: - You’ve created or are close to creating your minimal viable product (MVP) - You’re ready to bring your product to market or have already - You have ambitions to scale and raise investment in the next 12 to 18 months - You operate within key technology and innovation sectors. Mark Hannigan Robert Hokin Andrew Smith

Inside the Factory of the World’s Most Advanced Electric Motorcycle: Traditional electric motorcycle design is holding back performance. They’re heavy, hot, and unbalanced, with limited range and poor ride dynamics. Verge Motorcycles is changing that. By moving the motor directly into the rear wheel, Verge doubles battery capacity within the chassis, eliminates the need for running gear, and achieves almost zero power loss. This video is an interesting look at the craftsmanship and engineering that goes into each Verge Motorcycle... See how they’re setting a new standard for range, performance, and control! Pekka Pärnänen Tuomo Lehtimäki Marko Lehtimaki Alan Foster

Our own Robert Hokin was on panel yesterday at Invest2Scale talking about the challenges and opportunities in #greentech along with scaleups Andrew Bissell, Mark Simmers and Simon Tricker, and chaired by the very capable Iain Atkinson. Scotland clearly has #tech talent, the time is now to scale it!

"This has never been done before" - the five words that make investors head for the hills. Yet first-of-a-kind (FOAK) climate technology projects are exactly what we need in the race to net zero. These groundbreaking projects - the first commercial deployment of new climate technologies - require massive capital investment without having previous success stories to reference. 𝗦𝗼 𝗵𝗼𝘄 𝗱𝗼 𝘆𝗼𝘂 𝗯𝘂𝗶𝗹𝗱 𝗮 𝘁𝗲𝗮𝗺 𝗰𝗮𝗽𝗮𝗯𝗹𝗲 𝗼𝗳 𝗼𝘃𝗲𝗿𝗰𝗼𝗺𝗶𝗻𝗴 𝘁𝗵𝗲𝘀𝗲 𝗵𝘂𝗿𝗱𝗹𝗲𝘀? Based on insights from leading climate tech investors and our experience at Greenbackers, here are the critical roles that can make or break a FOAK project: Experienced Engineers: don't be tempted to hire for potential when it comes to building something complex. Project Finance Expertise: Individuals understand how to communicate with debt providers and deliver the right level of information. Industry Veterans: Look for people who have built and operated multiple facilities across different countries. Commercial Lead: The Deal Closer Securing off-takes and feedstock agreements isn't for amateurs. You need commercial minds who know how to structure deals that work. At Greenbackers, we specialise in helping climate tech companies navigate these challenges. Contact us to discuss how we can support your journey from innovative concept to successful commercial deployment. https://lnkd.in/gAkjnH2D

Quite the call to action from Rosberg Ventures. We applaud it and have been calling out for this for over the last decade. We add our voice to Nico's chorus and seek to work with new funds considering or actively investing in cleantech to further catalyse the £$€ billions from 300+ funds we engage with regularly. Get in touch if this resonates.

Want to know what makes Scotland's startup scene tick? 🏴󠁧󠁢󠁳󠁣󠁴󠁿 The new Scottish Entrepreneurial Ecosystem Guide is a goldmine for anyone looking to build or scale a business here. We're especially excited to see such a strong focus on cleantech and sustainability across the ecosystem - from our brilliant universities and innovation centres to the growing number of investors backing climate solutions. Being part of this community as cleantech investors ourselves, we see firsthand how Scotland's collaborative spirit sets it apart. There's real power in how our unis, investors, business support teams and entrepreneurs work together to make things happen. The guide's a great roadmap whether you're: - Just starting out - Looking to scale - Bringing your business to Scotland - Hunting for funding or support Linked below! 👇 Cleantech innovator seeking investment? Scotland's ecosystem is ready to support your journey.

Some of the world’s biggest corporations are investing in clean tech in the UK. Here’s who’s investing: (And where the money is going) - Iberdrola (Scottish Power owner) is doubling its UK investment to £24 billion, including £4 billion for the East Anglia 2 wind farm. - BP, Eni, Equinor, and others have reached an agreement with the government to unlock £8 billion of private investment for carbon capture clusters in the North West and North East. - Orsted and Greenvolt are planning to invest a combined £10.5 billion in offshore wind farms, creating thousands of jobs. - Octopus Energy is investing £2 billion in renewable energy, including four new solar farms and a new battery storage facility in Cheshire. - SeAH Wind is investing an additional £225 million into wind technology manufacturing in Teesside. - Macquarie is supporting £1.3 billion of investment into new green infrastructure, including a solar farm and electric car charging points across the motorway network. These major investments signal a thriving clean tech ecosystem in the UK. At Greenbackers, we're excited to see this momentum. While these corporate giants lead the charge, we're focused on nurturing the next wave of innovative startups that will drive further progress in clean tech.