Climate Angels Fund made it’s investment debut with Beco, joined by a consortium of investors for the deal

ClimateAngels | Jul 22, 2021

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Climate Angels Fund made their debut investment deal in Beco, a Mumbai based start-up. Other investors included in the deal were Sprout Capital (Sequoia), Titan Capital, Better Capital, Rukam Capital, and Richa Kar (Founder of Zivame).
Beco was founded in 2019. It is a Mumbai based climate tech D2C start-up targeting the $10 billion home and kitchen market in India through an eco-friendly and sustainable range of products. As a brainchild of three young entrepreneurs – Aditya Ruia, Akshay Varma, and Anuj Ruia, Beco is a 100% eco-friendly and zero plastic company. In the last few years, Beco has grown into a community of over 100,000 members helping reduce as high as 25% of plastic from their daily routine.

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An annual investment of global venture capital has increased more than fivefold from 2013 to 2019, rising to $264 Billion by 2019. Total investments of $60 Billion have been made between 2013 and 2019 in climate tech start-ups. 1200+ climate tech start-ups have been identified by PwC with an annual compound growth rate of 84%. In 2019, a total of $16 billion were invested in 590 climate tech deals. The top hubs for investments have been San Francisco Bay, Shanghai, Beijing, Boston, Berlin and Bengaluru.

Climate Tech investing has emerged as a standout investing opportunity for the 2020s. Representing 6% of global annual venture capital funding in 2019, the analysis finds this segment has grown over 3750% in absolute terms since 2013. This is on the order of 3 times the growth rate of VC investment into AI, during a time renowned for its uptick in AI investment.

About Climate Angels:
Climate Angles is world’s only Investment Network focused on creating a sustainable future by exclusively focusing on companies working in Pollution Reduction & Climate Change space. The network invests in startups working in Clean Energy, Clean Mobility, Clean Water, Clean Food & Clean Cities sectors.
Climate Angles evaluates more than 100 startups every year and has leading corporates, angle investors, professionals as part of its network.
Climate Angels have received funding from Vijay Shekhar Sharma (Paytm), Nipun Sahni (Apollo Global), Praveen Gandhi (Seedfund), Paula Mariwala (Stanford Angels), Sandeep Baid, Lokendra Tomar (Elevate Services) & also has DS Group as a corporate investor.