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Case study

Artesian sets sights on cleantech start-ups with seed fund

Exceeding expectations in an Australian first

The Clean Energy Seed Fund targets scalable, high growth potential start-ups, encouraging innovation and creating opportunities in the development of clean technology.

$10m

CEFC investment

Assist

up to 50 start-ups

Develop

clean technologies

The Clean Energy Seed Fund will target 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 Colless
CEO, Artesian Venture Partners

Our investment

Australia’s first Clean Energy Seed Fund has exceeded expectations, attracting $26 million in finance, including a $10 million cornerstone commitment from the CEFC through the Clean Energy Innovation Fund.

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.

Artesian expects the Seed Fund to invest at seed, angel and later-stage follow-on rounds in 30-50 start-ups over the next four to five years. Projects must be eligible for CEFC finance under the terms of the CEFC Investment Mandate.

our impact

The Seed Fund will invest in start-ups at seed stage via dedicated clean energy accelerators such as EnergyLab which is supported by Climate-KIC Australia. The first cohort of EnergyLab start-ups includes Eveeh, Iron Matrix, Blue Volt and Energy Panda.

The Seed Fund is looking across a range of potential investments, including sectors IoT, energy storage, biofuels, alternative energy generation (solar, wave, geothermal, wind), metering and control, green building and biomaterials, transport technologies, water and waste. The Clean Energy Seed Fund has achieved registration with Innovation Australia as an early stage venture capital limited partnership (ESVCLP).

Learn more about the Clean Energy Innovation Fund

Learn more about Clean Energy Seed Fund

Last updated September 2016. National, Innovation Fund, Renewable energy, Energy efficiency
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