The successful close of the second round of the GAS EIS Climate Change Fund on 15 July suggests that investors are waking up to the seriousness of the global climate crisis, according to GAS CIO, Antoine Pradayrol.
Pradayrol believes the increasing numbers of investors want to make sure their investments are not contributing to the acceleration of climate change and are realising that where they invest their money really does matter.
The GAS EIS Climate Change Fund is well ahead of its target – boosting the amounts that the Climate Change Fund will be able to invest alongside GAS.
Two thirds of Round 2 subscriptions came from non-GAS members, achieving the syndicate’s objective of making GAS deals available to a wider audience.
Green Angel Syndicate is one of the largest angel syndicates in the UK and specialises exclusively in the fight against climate change. The Climate Change Fund has allowed those who are passionate about reducing and reversing carbon emissions, but who are not necessarily angel investors, to invest in a fund whose portfolio companies are pioneering grassroots innovators. The more successful the Fund is, the greater the impact will be; each round accelerates the growth of innovators fighting climate change.
Nick Lyth, founder and CEO of GAS, says: “This second round of the Climate Change Fund gives still more people the chance to play their part in the fight against climate change, at the same time as expanding our bandwidth and hence the impact for every investment we make.”
CCF Fund CIO Antoine Pradayrol, says: “We are well on track to deploy the capital of the Climate Change Fund’s first round and are hitting the ground running with Round 2, with a number of GAS deals likely to complete soon. Tackling climate change requires a complete transformation of all sectors of the economy – so it should come as no surprise that Green Angel Syndicate is investing across sectors, from energy to biodiversity monitoring, and from mobility to agriculture.”
The GAS Climate Change Fund supports the deals invested in by GAS, drawing on the specialist expertise of the Syndicate and using the same high standards of due diligence. The Fund, launched by Green Angel Syndicate in association with SFC Capital Partners, is overseen by specialists with significant depth and breadth of knowledge on climate change, innovation and investment. Round 3 of the CCF will open for investment later this year.