Company's Second Impact Report Reaffirms its
Focus and Commitment to Minimize Climate Impact
CHICAGO, July 18,
2024 /PRNewswire/ -- Buoyant Ventures, an early-stage
venture fund investing in digital solutions to climate change,
today unveils its 2023 Impact Report.
The report demonstrates the firm's commitment to investing in
digital-focused mitigation and adaptation solutions for climate
change related challenges. To date, Buoyant Ventures manages
$81 million with a focus on seed and
Series A opportunities in energy, mobility, agriculture, water,
circular economy, climate intelligence and the built
environment.
Buoyant utilizes methodology from leading industry standards
including the UN's sustainable Development Goals, Global Impact
Investing Network's IRIS metrics, and Impact Management Project's
Five Impact Dimensions to quantify measurable impact metrics.
Overview of portfolio-wide impact metrics from Buoyant's 2023
Impact Report:
- Renewable Energy: 115k gigawatts of renewable
energy managed by portfolio companies;
- GHG Emissions: 1.45 million metric tons of carbon
dioxide equivalent emissions avoided by portfolio companies;
- Water Efficiency: 182k
gallons of water usage avoided by portfolio companies;
- Lives & Livelihoods Impacted: 68k people;
- Risks Hedged: $139M;
and
- Food Produced: 30k metric tons.
"We founded Buoyant to help fight climate change and choose
investments that can deliver both impact and financial
returns. The methodologies and processes we have put
into place are working and allow early-stage
companies to accurately evaluate their actual
impact on the environment," said Allison Myers, general partner, Buoyant
Ventures. "Our latest Impact Report continues to
apply operational company metrics with leading tools
and standards to measure Buoyant's impact at the
portfolio level as well as the individual investment
level."
Key details from Buoyant's portfolio companies include:
- 55% are working towards climate mitigation strategies, 27%
towards adaptation, and 18% working on both;
- 70% of portfolio companies are led by diverse CEOs and
founders;
- Top three industry sectors are: climate intelligence, built
environment, energy; and
- 26% of portfolio company employees come from racially diverse
backgrounds, while 34% are gender diverse.
Buoyant is the largest first-time female-owned venture firm
outside of the east and west coasts. Buoyant's digital climate
fund is more than half deployed or reserved with 13 investments,
including Raptor Maps (optimization software for solar);
FloodFlash (parametric flood insurance); Shifted
Energy (demand response software for residential energy load);
Audette (decarbonization software for commercial real estate);
ReelData (software to optimize land-based aquaculture
production); Beni (software to streamline secondhand
clothing shopping); ElectroTempo (software to help site EV
charging infrastructure for fleet vehicles); Ocient (energy
efficient database software); and HData (energy transition
data).
"I'm so proud of the climate impact we are delivering through
our portfolio for our LPs. Digital solutions can drive meaningful
climate benefits today, buying time for some of the more scientific
breakthroughs to reach their potential tomorrow. We need all
hands-on deck if we are going to slow the pace of climate change,"
said Amy Francetic, managing general
partner, Buoyant Ventures.
To request a copy of Buoyant Venture's 2023 Impact Report,
please follow this link.
About Buoyant Ventures
Buoyant Ventures is a
female-led venture fund investing in entrepreneurs using digital
technology to mitigate and adapt to climate change. Buoyant invests
in startups leveraging software and simple hardware to address
climate change across the energy, mobility, agriculture, water,
circular economy, and the built environment sectors.
Business Contact
Team@buoyant.vc
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SOURCE Buoyant Ventures