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Climate investments

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Our climate portfolio

allplants logo
allplants logo

Backed in

2018

Status

Current

Founder(s)

Jonathan & Alex Petrides

About Allplants

The Allplants team is obsessed with the power of plants and how eating them can help transform our planet. They believe that millions of us trying to change how we eat is better than a handful of people being perfectly sustainable. They also believe that creating happy communities and healthy ecosystems starts on our plate, but doesn’t stop there, which is why they choose to pursue their mission in a way that’s both planet-kind and human-kind.

They achieved B Corp Certification in 2018 to verify these efforts and join a growing movement of B Corporations using the power of business to solve social and environmental problems. By 2021, they had a score of Outstanding and are one of only a handful of B Corps to have achieved this.

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Collectiv Food logo
Olio logo
Olio logo

Backed in

2018

Status

Current

Founder(s)

Saasha Celestial-One & Tessa Clarke
Consumerolioex.com

About Olio

Olio connects neighbours with each other and with local businesses so that surplus food can be shared, rather than thrown away.

Between a third and a half of all food produced globally is never eaten. The value of this wasted food is worth more than $1 trillion. To put that in perspective, in the US, food waste represents 1.3% of the total GDP.

This could be food nearing its sell-by date in local stores, spare home-grown vegetables, bread from your baker, or the groceries in your fridge when you go away.

Thanks to Olio, millions of neighbours all over the world are using the app to share more, care more and waste less.

They’re giving and getting free stuff and borrowing and lending household items – all directly from their areas.

The Olio team believes that small actions can lead to big change. Collectively – one rescued cupcake, carrot or bottle of lotion at a time – the Olio community is building a more sustainable future where our most precious resources are shared, not thrown away.

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Trafi logo
Trafi logo

Backed in

2013

Status

Current

Founder(s)

Martynas Gudonavičius & Mantas Vizbaras
Deep techtrafi.com

About Trafi

Trafi builds connected mobility solutions for people, cities and companies to move towards a more balanced and sustainable future.

It works with cities to connect and automate all their mobility options – from public transport to micro-mobility and every service in between – into a single platform.

And it works with businesses to create mobility solutions, budgets and apps that help corporates achieve their sustainability goals, while giving employees something they love to use.

Trafi is helping users find, plan, book and pay for all their trips. It covers all needs, like assistance planning and routes discovery, real-time public transport information and shared mobility vehicle location and availability. It also offers a streamlined payment solution for any integrated mobility service, plus the possibility to compare the duration and cost of each trip.

The company powers Jelbi in Berlin – the world’s largest MaaS network – and Yumuv – Switzerland’s intercity solution and the first regional MaaS network in the world. Its tech also enhances mobility products developed by Google, Apple, Lyft and Gojek.

Trafi wants to encourage the global shift to shared mobility systems that are managed by cities, enhanced by companies and used by people everywhere, including generations to come.

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Origami Energy logo
Origami Energy logo

Backed in

2014

Status

Current

Founder(s)

Peter Bance
Deep tech

About Origami Energy

Origami’s independent energy data platform is accelerating the global green energy transition.

Its technology gives access to all major energy and short-term power markets. This enables energy companies to harness the shifting commercial opportunities of the transition and optimise increasingly complex physical, financial and contractual positions.

Understanding assets takes agile, real-time digital infrastructure, whether grid-connected or behind the meter. So Origami provides advanced SaaS applications for asset owner-operators, energy services companies and route-to-market providers.

It helps customers with peer-to-peer electricity trading, ambitious ESG strategies, fully matched 24/7 green tariffs and more.

The cloud-based platform gives greater transparency and control over complex portfolio performance. Its SaaS applications give instant access to robust data. Together, they make successful trading in complex markets much more accessible.

Ultimately, Origami allows asset owners and energy service companies to focus on their portfolio efficiency over long periods. This means future-proofed customers against a backdrop of complexity and volatility.

Origami is on a mission to help build a green energy world, powered by smart technology – by building and investing in the most powerful open, modular and configurable solutions for the energy transition.

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Orbex logo
Orbex logo

Backed in

2020

Status

Current

Founder(s)

Chris Larmour
Deep techorbex.space

About Orbex

Orbex is finding ways to put tech into orbit more cheaply and more sustainably. The team uses the latest 3D printing techniques to build components quickly and cheaply for their rockets.

The company has developed one of the most advanced, low-carbon, high-performance micro-launch vehicles in the world, Orbex Prime.

It offers a flexible core launch service and a suite of supporting services to make life easier for customers. Its advanced launch vehicle means higher reliability, more flexible mission profile types and a regular, scheduled launch service.

The market for small launch services is large but there was no dedicated micro-launch facility in Europe. The combination of demand, limited supply and Orbex’s market-leading position has enabled them to agree contracts for their first 25 launches, just five years after the company’s formation.

Space these days has become the provision of billionaires but Orbex represents a new breed. Its progress towards achieving sustainable space travel will have positive repercussions over generations.

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Minimum logo
Minimum logo

Backed in

2020

Status

Current

Founder(s)

Chris Winchurch, Freddie Evans & Freddie Green

About Minimum

Minimum is a carbon accounting system that allows businesses and investors to calculate, report on and reduce their carbon footprint.

Sustainability is a major focus for businesses now, because consumers demand it. And carbon reduction and removal is something we as a society need to address urgently. Minimum makes effective climate action so accessible for businesses, that there really is no reason not to embrace it.

The company offers two packages. Minimum for corporates includes automated carbon accounting and management, net-zero planning, reporting, and more. Minimum for investors helps implement investment decarbonisation strategies, as well as carbon accounting and management for funds.

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Depop logo
Depop logo

Backed in

2018

Status

Exited

Founder(s)

Simon Beckerman & Maria Raga

About depop

Customers are more worried about waste than ever, and brands don’t dictate trends anymore.

Depop offers an alternative option to big retailers, giving customers the chance to curate their wardrobes sustainably.

It’s a mobile space driven by inspiration and sustainability, allowing consumers to explore style and the latest trends in a fashion system that’s kinder to people and the planet.

Depop was founded by co-founder of PIG magazine, Simon – originally as a social network where PIG’s readers could buy items featured in the magazine. Simon re-envisioned the app as a global marketplace after realising it needed a selling function.

With more than 26 million users in over 150 countries, it’s keeping millions of items of clothing in rotation.

The company is on a journey to make fashion more inclusive, more diverse and more sustainable.

Depop is becoming a global conduit of connection. Not just in ecommerce, but in culture, design and creative communities worldwide.

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HURR logo
HURR logo

Backed in

2021

Status

Current

Founder(s)

Victoria Prew

About Hurr

HURR are changing the behaviours of fashion-lovers everywhere, by making high-quality fashion available to rent rather than buy. People can get their kicks from the latest luxury trends and pieces, without burning a hole in their pocket or the planet.

HURR is a tech-first platform with thousands of renters and lenders building a circular economy for fashion. Their peer to peer marketplace allows fashion designers and buyers to find each other and make transactions. And their movement is gathering momentum- they now partner with retail giants Selfridges and Depop. Named by Forbes as the ‘Air BNB of Fashion’, HURR now ranks as one of the world’s top 50 retail-tech startups.

Their community of like-minded entrepreneurs are sharing more than just their wardrobes. They’re doing good by looking good.

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isize logo

Why us?

Our Climate team experts sit across our sectors, bringing their in-depth industry knowledge and specialist networks to support our growing Climate portfolio. They share the Octopus passion for protecting people and planet, working to bring sustainable thinking into all that we do and supporting our climate-first founders at every step. We also work closely with our colleagues in Octopus Energy, one of the fastest-growing energy companies in the world.

Who we’re backing

We know that we need to move towards a low carbon economy, and fast. We believe the companies accelerating this will create enormous value over the next 20 years. We look for companies that are creating a circular economy, decarbonising global energy systems and infrastructure, and reducing energy consumption. We also want to meet founders intent on greening finance, protecting and developing ecosystems, and erasing historical footprint through carbon removal technologies.

The investment process

These are the general steps we follow – note that the process is slightly different at the pre-seed stage of investment.

Step 1

Send us your deck – if we think we’re a fit for your business, we’ll set up a call

Step 2

Meet some of our investors at a discovery meeting

Step 3

We’ll visit you at your office and spend some time with your team

Step 4

Present to our wider team at a partnership meeting

Step 5

We’ll tell you our final decision – if we’re not investing, we’ll say why

Our Climate-focused portfolio founders

Anya Doherty Foodsteps Octopus Ventures

Food waste fighter: Anya Doherty

Climate
Founder Anya wanted to understand and reduce the footprint of the food industry. Foodsteps is a platform that supports restaurants and retailers to manage their processes more effectively and reduce greenhouse gas emissions.

Other sectors we invest in