Elbow Beach funding news – London-based Elbow Beach Announces New Climate Impact Fund With £63Mn

With £40M of immediately deployable capital, Elbow Beach has activated the fund which aims to back up to 36 early-stage British startups over the next 4 years, accelerating the scale-up, development, and export potential of some of the nation’s best early-stage technologies.

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The fund’s overarching objective is to back technologies that will make a meaningful impact by solving big problems, enabling industries to become more efficient and cost-effective while transitioning to low-carbon operations. Its strategy includes investment in automation and AI, carbon capture, electrification, and low-carbon materials.

Jon Pollock, Elbow Beach CEO and Managing Partner said, “Elbow Beach’s new fund is targeting the intersection of efficiency gain and climate impact, Growth is what brings financial returns and impact together. The fund’s strategy is to help match technology against big customer problems and steer companies towards their end markets. We’re looking at investments including technology that halves energy use for household products like vacuums and dishwashers, and improves crop yields through robotics and AI, The UK is second only to the US in total number of climate technology startups, but British businesses attract less than half the funding of their American counterparts. Elbow Beach is on a mission to plug that equity gap and ensure Britain remains a global leader in climate technology innovation. Being green isn’t enough in isolation—technology will only be adopted if it makes commercial sense. We’re going to help nurture the next generation of founders who are driving real transformation and who have the potential to provide customers with better, more cost-effective solutions at scale."

Christine Hockley, Managing Director and Co-Head of Funds, British Business Bank, said: “We are pleased to make this commitment to Elbow Beach as they back startups pioneering technology solutions to global climate challenges. Our Enterprise Capital Funds programme is key in helping to develop and maintain effective venture capital provision in the UK, lowering the barriers to entry for emerging fund managers. Our commitment to Elbow Beach builds on the programme’s track record and will help early-stage founders in the climate impact sector across the UK to build their businesses.”

About Elbow Beach

Elbow Beach is an institutional investor focused on climate technologies that improve industrial productivity, efficiencies, and outcomes at scale. All the companies we invest in have potential to enable real cost and performance improvements for customers while also reducing emissions.

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