Investors clamour for ClimateTech innovation at Cambridge summit

30 Jan, 2025
Newsdesk
A pitch event in Cambridge organised by the innovative new Carbon13 SEIS Fund VII drew strong investor interest and underlined opportunities provided by sustainability technology.
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Carbon13 CEO Nicky Dee. Courtesy – SyndicateRoom.

Carbon13’s pitch and networking event, hosted at law firm Mishcon de Reya yesterday, enabled investors to explore opportunities in climate-focused innovation – increasingly a strong suit for Cambridge.

The event provided a comprehensive insight into the mechanics of the fund, which is being run in partnership between Carbon13 and SyndicateRoom, as well as the tax reliefs available to investors.

A highlight was the array of success stories from Carbon13’s portfolio companies. Matnex, Cocoon, and Kita all showcased how their pioneering solutions were helping to drive the transition to a low-carbon economy.

Matnex is leveraging AI to accelerate the discovery of sustainable materials, Cocoon is tackling industrial carbon emissions with innovative sequestration methods and Kita is revolutionising carbon insurance to de-risk carbon removal projects.

Their presentations demonstrated the tangible impact of Carbon13’s venture-building programme as well as the potential for significant returns in the sector.

Tom Britton, co-founder of SyndicateRoom, explained: “Hearing about the impact achieved by companies that have been through previous Carbon13 programmes was one of the main reasons we wanted to partner with Carbon13 on this fund.

“Yes the tax reliefs are nice and the potential for returns is appealing, but most funds of this kind don’t also give you the chance to make a difference with the investment.”

The Carbon13 SEIS Fund VII allows investors to support early-stage ClimateTech ventures while benefiting from attractive tax reliefs. Through the Seed Enterprise Investment Scheme (SEIS), investors can receive up to 50 per cent income tax relief, capital gains tax exemptions and loss relief – together providing a highly tax-efficient way to invest in high-potential startups.

Time to cash in is of the essence: The fund is set to close on March 7 – providing a limited window for investors to participate in this latest cohort of groundbreaking companies.

The event was an opportunity for investors to deepen their understanding of the fund and to connect with like-minded individuals committed to backing high-impact climate solutions.

Charlie Fletcher, Partner at Mishcon de Reya said the firm was at the heart of UK dealmaking activity. He said: “We worked on over 180 equity funding rounds in 2024 and it is notable from our dealflow how the number of emerging companies focused on sustainability continues to grow.

“We love helping entrepreneurs who are both growing valuable new companies and making a positive impact so it was an easy ‘yes’ from us when asked if we might host the event and we’re delighted with how it went.”

• For those interested in learning more about the Carbon13 SEIS Fund and how to invest, visit www.syndicateroom.com/carbon13-seis.