VC Fund Climate Angels Launches ‘Syndicates For Climate Tech Start-ups’ For Frictionless Investments In India
ClimateAngels | Aug 26, 2022
Angel Investors who are passionate about Climate and looking to invest in such start-ups, can now do it in an almost friction-free matter, through SEBI Registered – Climate Angels. Now such investors can access the deal flow of climate start-ups raising capital and can either join the investment round led by marquee institutional investors or lead their own syndicates using the Climate Angels platform.
Climate Angels were founded by seasoned venture capitalist Shailesh Vickram Singh and backed by experienced investors like Pravin Gandhi (founder SeedFund), Paula Mariwala (Stanford Angles), Nipun Sahni (Apollo Global), Vijay Shekhar Sharma (Paytm), & others.
The Climate Angels platform has seen around 8 startups raising capital to fight climate change in the last 12 months while its sponsor GoMassive has onboarded 300+ angel investors on the platform.
To remain startup-friendly and encourage more climate-tech founders, Climate Angels does not charge any fee from start-ups in any form. On Climate Angels, investors are charged upfront fees of 2% of the investment amount & 20% carry-on exit.
Unlike other angel investment platforms, Climate Angels shares the complete 20% carry with syndicate leads on funds raised directly by syndicate leads. And a syndicate lead can raise capital from GoMassive’s network of angel investors by sharing 5% carry. 2% fees paid by investors is retained by Climate Angels for backend & administration purposes.
Further for family offices, corporate & angels investing more than ₹1cr per startup; Climate Angels has 0% annual fees, 0% carry model & only annual membership fees is charged.
Speaking about this, the founder of Climate Angels, Mr Shailesh Vickram Singh said, “Realising the need to combat climate change, mission-driven and conscious investors such as senior executives, HNIs, family offices and others are scouting for opportunities to support climate tech startups for the green cause. Notably, SEBI mandates that individual angel investors should meet accreditation norms & invest via registered angel funds.”
“Climate tech is emerging as a key venture capital investment segment globally. In 2021, 29 new climate tech unicorns emerged in the world and prior to 2021, there were only 14. In India, climate tech is nascent but in June-2022 there were two $25mn transactions in electric mobility. Tiger Global & Shell Ventures rounds in Battery Smart & Statiq respectively. Ola Electric is India’s climate tech unicorn to date but expects several new climate tech unicorns to emerge in the next 4-5 years,” he added.
GoMassive evaluates more than 50 startups every quarter which it sources through its network of angel investors/early-stage seed funds and through its own accelerator program being run in partnership with leading corporates and international agencies.