Artesian seed fund nurtures growing climate tech startups
Exceeding expectations in an Australian first
The Clean Energy Seed Fund has supported more than 60 climate tech startups, encouraging their innovation and creating climate tech development opportunities.
$10m
CEFC investment
>60
startups assisted
growing
climate tech
The Clean Energy Seed Fund targets scalable, high growth potential start-ups, fuelling innovation and creating opportunities in the development of clean technology. It will look across sectors such as the Internet of Things (IoT), energy storage, biofuels, alternative energy generation (solar, wave, geothermal, wind), metering and control, green building and biomaterials, transport technologies, water and waste.Jeremy CollessCEO, Artesian Venture Partners
Our investment
Australia’s first Clean Energy Seed Fund has supported more than 60 startups in the climate tech space.
The Seed Fund attracted $26 million in finance, including a $10 million cornerstone commitment from the CEFC through the Clean Energy Innovation Fund managed by Virescent Ventures.
The Seed Fund is managed by Artesian Venture Partners, a specialised investment manager with a diversified portfolio approach to early venture capital investments. Artesian targets both financial and strategic returns for high net worth investors, corporates and institutional investors.
Investments in startups were from seed to later-stage follow-on rounds. These startups were eligible for CEFC finance under the terms of the CEFC investment mandate.
our impact
The Seed Fund made a range of investments, including sectors Internet of Things, energy storage, biofuels, alternative energy generation (solar, wave, geothermal, wind), metering and control, green building and biomaterials, transport technologies, water and waste.
The Seed Fund invested in startups at seed stage via dedicated clean energy accelerators such as EnergyLab, which was supported by Climate-KIC Australia.
The Clean Energy Seed Fund is registered with Innovation Australia as an early-stage venture capital limited partnership (ESVCLP).
