Barclays and Unreasonable launch the 10th
Unreasonable Impact program, growing the global network to over 100
companies
For twelve intensive days this October, fifteen entrepreneurs
from across North America will gather at the 10th Unreasonable
Impact program to accelerate the growth of their companies.
Impacting the future of food, energy, sustainable living and
supply chains, each entrepreneur is selected to participate based
on their potential to create at least 500 jobs within the next five
years.
The companies range from TreeZero, which is making North
America’s only 100 percent tree-free, carbon-neutral paper
products, to 75F, which is using the Internet of Things to improve
the efficiency of buildings, to MycoTechnology, which creates
sustainable plant-based protein using a unique mushroom
fermentation process. Cumulatively, the fifteen ventures have
generated more than USD $245 million in revenue and raised USD $410
million in funding.
Unreasonable Impact is an innovative partnership between
Barclays and Unreasonable Group that supports growth-stage ventures
tackling some of the world’s most pressing social and environmental
challenges to scale and create thousands of new jobs. Each program
connects the entrepreneurs to a global community of world-class
mentors and industry specialists, including experts from across
Barclays.
Joe McGrath, Global Head of Banking at Barclays, said, “We are
delighted to welcome the latest cohort of ventures on to the
program and to partner with Unreasonable Group to support them on
their journey to scale. At the forefront of innovation in their
sectors, we continue to be inspired by each entrepreneur as they
challenge the status quo with their impactful solutions.”
Daniel Epstein, Founder and CEO of Unreasonable Group, said:
“Unreasonable Impact represents one of the fastest-growing networks
of impact ventures in the world, demonstrating that it’s possible
to do well and good at the same time. We are humbled to have worked
with over 100 ventures and to continue to support their
growth.”
To date, the over 100 ventures that comprise the Unreasonable
Impact community have positively impacted more than 187 million
people, reduced greenhouse gas emissions by 28.8 million tons, and
have generated more than 20,000 net new jobs. The companies have
also raised more than USD $2 billion in funding.
For more information, visit www.unreasonableimpact.com.
The participating companies include:
75F: Utilizing the Internet of Things and the latest in cloud
computing to create systems that predict, monitor and manage the
needs of buildings.
80 Acres Farms: Converting urban spaces into ultra-efficient
indoor farms that produce accessible, tasty, and affordable local
food year-round.
Aeroseal: Sealing leaks in air ducts and vents with a patented
technology that delivers comfort, healthier air, and substantial
energy savings to homes and buildings everywhere.
Francis: Providing a wide range of electric vehicle
infrastructure solutions that enable customers to lower their
utility bills and achieve energy independence.
Igor: Transforming buildings from a fixed asset to a highly
integrated, automated, data-driven machine built for efficiency,
comfort, and agility.
LoveTheWild: Producing the world’s most resource efficient and
environmentally friendly animal protein.
Modumetal: Manufacturing a new class of nano-laminated metals
that are stronger, lighter, and more corrosion resistant than
conventional metals and alloys.
MycoTechnology: Increasing the availability of healthy,
sustainable, and high-quality food options through mushroom
fermentation.
Propel Fuels: Connecting consumers to a network of low-carbon
fuel options, accelerating the transition to an equitable and
zero-carbon future.
Sistema.bio: Developing prefabricated modular biodigesters to
bring clean energy and sustainable agricultural practices to over
100 million farms.
Skyven Technologies: Decarbonizing the industrial sector with
clean, emissions-free solutions that save customers money by
turning industrial plants into their own heat sources.
Smarter Sorting: Building the world’s first smart chemical
database, using machine learning to provide a reuse solution for
household hazardous waste.
Switch Automation: Making all buildings smarter and more
sustainable with a platform that integrates data, systems, and
equipment to reduce operating and energy expenses.
The Jackfruit Company: Making jackfruit mainstream by providing
consumers with this delicious, healthy, sustainably-sourced meat
alternative that also improves farmer incomes.
TreeZero: Fighting deforestation by making North America’s only
100 percent tree-free, carbon-neutral paper products.
About Unreasonable Impact, created with Barclays
Unreasonable Impact is an innovative multi-year partnership
between Barclays and Unreasonable Group to launch the world’s first
international network of accelerators focused on scaling up
entrepreneurial solutions that will help employ thousands worldwide
in the emerging green economy. Since 2016, Unreasonable Impact has
hosted programs each year in three distinct markets: the Americas,
UK and Europe, and Asia Pacific. To date, the more than 100
ventures that comprise the global cohort operate in more than 180
countries, have raised over $2.1bn USD in funding, have generated
over $2bn USD in revenue, and have created more than 20,000 net new
jobs since joining Unreasonable Impact. For more information,
please visit www.unreasonableimpact.com.
About Barclays
Barclays is a transatlantic consumer and wholesale bank offering
products and services across personal, corporate and investment
banking, credit cards and wealth management, with a strong presence
in our two home markets of the UK and the US. With over 325 years
of history and expertise in banking, Barclays operates in over 40
countries and employs approximately 83,500 people. Barclays moves,
lends, invests and protects money for customers and clients
worldwide. For further information about Barclays, please visit
www.home.barclays.
About Unreasonable Group
Unreasonable’s mission is to drive resources to and break down
barriers for entrepreneurs solving key global challenges (i.e.
ensuring renewable energy reaches the 1.3 billion people currently
without electricity, reimagining the future of healthcare, or
addressing the global unemployment crisis). Through running
worldwide accelerator programmes, a globally oriented private
equity fund, an extensive network of over 300 serial business
leaders as mentors, and advanced storytelling and media activities,
Unreasonable is designed to exclusively support entrepreneurs
positioned to solve society's toughest problems. For more
information about Unreasonable, please visit
www.unreasonablegroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191016005540/en/
Media Brittany Lane, Senior Director of Media at
Unreasonable Group brittany@unreasonablegroup.com
Danielle Popper, Media Relations
danielle.popper@barclays.com
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