This page goes into more detail about the investment process and syndication. As far as we can, we minimise the risk inherent in early stage equity investments. We intend to find and back amazing founders growing great startups.
Investing in future climate tech
Fundie Climate Angels is a network of angel investors (qualified or non-qualified) focusing on investing and growing early stage climate tech startups in Europe and Africa. We collective invest up to €250k per deal, which have been through the our studio.
/w=3840,quality=80,fit=scale-down)
We are responsible for dealflow, vetting and preparing each deal before presenting to the network. We typically spend up to 3 months working with the founders to ensure that the business is investment ready. We see this time as part of our ‘embedded due diligence’ work which de-risks our potential investment.
We are a growing network of experienced and thoughtful individuals who share our vision of finding, supporting and scaling amazing teams working on impactful climate tech solutions.
We invite you to join our network of passionate and forward-thinking angel investors dedicated to fueling the growth of climate tech startups in Europe and Africa.
Why Fundie Climate Angels?
We obsess over tech and innovation that decreases the commercial impact on land, animals and air and outperform the traditional industrial process. We see climate as the emerging industry lens through which all future investments will be viewed.
See us as your gateway to actively participate in exciting pre seed climate tech deals.
What our angels appreciate
Curated Deals: We spend 3 months with the founder as an embedded due diligence activity. We source and vet high-potential companies. We prepare the founders before presenting the investment opportunities to the angel community.
Direct Impact: By supporting early-stage climate tech startups, you're playing a vital role in helping the founding team increase their impact and profit. Collectively our investments aim to remove 100 mt (100 million tonnes, 20m elephants, 21m passenger cars driving for a year) of CO2e over the next 5 years.
Collaborative Synergy: By collaborating with other angel investors, you'll have the opportunity to pool your experiences, networks, and expertise to bolster each deal. We invest alongside known-brand climate tech VC in Europe and Africa, who generally lead the round and have conducted extensive due diligence.
- Network of Angels: a community of 50-60 like-minded angels, each capable of committing €1,500-€20,000 per deal.
- Syndicate Approach: We invest collectively, with the network contributing up to €150,000 - 250,000 per deal. Your investments have greater reach and impact.
- Support for Founders: Fundie Ventures actively works with startup founders, preparing them for due diligence and optimising their growth potential.
- Climate VC Partners: We connect with climate-focused venture capitalists within the Fundie Ventures network for co-investment opportunities, expanding the reach and influence of each deal
- Fundie Ventures does the prep work: we source, connect with the prepare the potential investees to be investment ready. This takes between 1-3 months and give us an opportunity to spend time with the founders before committing capital (de-risking activity)
- Angel commitments: we look at doing 1-2 deals per month. Members of the network are expected to invest between €5,000 - €50,000 per quarter
- Co-investor partners: we partner for some of the other active climate tech VCs, CVCs, venture philanthropy funds and syndicates in Europe and Africa to co-invest with us.
Investment Criteria
To ensure the best chances of success, Fundie Climate Angels focus on startups that meet these criteria:
- 🌍 Geographic Focus: Companies based in Europe or Africa.
- 📈 Revenue & Traction: Startups must have demonstrated revenue and proven market traction.
- 🏪 Market Understanding: Founders should possess a clear understanding of their target market.
- 💶 Funding Stage: Startups ready to raise between €500,000 and €1,000,000, our network invests up to €250k and we work with the funders to raise the rest
- 💰 Valuation: Pre-money valuation should be between €5-7 million.
By joining Fundie Climate Angels, you invest in early-stage climate tech startups and become an essential part of a community dedicated to driving change. Our goal is to make a significant impact on climate tech innovation while generating attractive returns for our investors.
Dealflow
We have partnered a number of venture studio’s, corporate challenge programmes, accelerators/incubators and angel groups across both geographies.
We look for startups that at their core remove or reduce carbon emissions by having innovative solutions that:
- Decrease or change the consumption demand on land 🌾
- Provide low friction access to renewable energy 🔋
- Decrease the consumption demand on animals 🐄
- Recycle/upcycle waste ♻️
- Provide a carbon low/free mobility or logistics solution 🛺
- Restore Habitat/Biodiversity 🐝
- Capture and manage climate/climate data 💾
- Open Forest Protocol (🇨🇭): open source infrastructure (MRV) to simplify issuing carbon credits using a decentralised validation process.
- Newform Food (🇿🇦): bioplatform that creates cultivated meat (and animal products).
- Peyk Bots (🇬🇧): UK’s first autonomous and customisable delivery robot.
How deals are structured
We use a platform called Round Table which allows us setup and manage investment vehicles to pool co-investors for each deal.
- Each deal is a separate SPV
- Open to unlimited number of qualified and non-qualified investors, KYC/AML checks
- Fundie Ventures are the deal managers. For each deal we have a partnership agreement with each angel and sign the investment agreement with the startup. Fundie Ventures charges 5% of each deal, which covers the platform fee.
- Fundie Ventures acts like a ’trust’ thats the holder of the investment, but the angels are the UBO
- Platform allows for setting and closing, taxes, legalities, compliance, banking, captable, secondaries and exits.
FAQ
Fundie Climate Angels is a network of angel investors dedicated to investing in and nurturing early-stage climate tech startups in Europe and Africa. We collectively invest up to €250k per deal, which have undergone investment readiness over 3 months in our Studio.
Fundie Climate Angels is your gateway to actively participate in exciting pre-seed climate tech deals. By supporting these startups, you play a vital role in increasing their impact and profitability while contributing to removing 100 MT (100 million tonnes) of CO2e over the next 5 years. You also benefit from collaborative synergy, curated deals, and the opportunity to invest in a transformative industry lens.
- Network of Angels: Join a select group of 20-30 like-minded angels, each capable of committing €5,000-€15,000 per deal.
- Syndicate Approach: We invest collectively, with the network contributing up to €250,000 per deal. This approach maximizes your investments' reach and impact.
- Support for Founders: Fundie Ventures actively works with startup founders, preparing them for due diligence and optimizing their growth potential.
- Climate VC Partners: We connect with climate-focused venture capitalists within the Fundie Ventures network for co-investment opportunities, expanding the reach and influence of each deal.
- Fundie Ventures does the prep work: We source, connect with, and prepare the potential investees to be investment-ready. This process typically takes 1-3 months and allows us to work closely with founders before investing in them.
- Angel Commitments: We aim to do 1-2 deals per month, and members of the network are expected to invest a minimum of €5,000 per quarter.
- Co-investor Partners: We collaborate with some of the most active climate tech VCs, CVCs, venture philanthropy funds in Europe and Africa.
To ensure the best chances of success, Fundie Climate Angels focus on startups that meet these criteria:
- Geographic Focus: Companies based in Europe or Africa.
- Revenue & Traction: Startups must have demonstrated revenue and proven market traction.
- Market Understanding: Founders should possess a clear understanding of their target market.
- Funding Stage: Startups ready to raise between €500,000 and €1,000,000, our network invests up to €250k, and we work with the founders to raise the rest.
- Valuation: Pre-money valuation should be between €5-7 million.
We use a platform called Leva to set up and manage investment vehicles to pool co-investors for each deal. Leva offers various benefits, such as no SPV, open to unlimited qualified and non-qualified investors, KYC/AML checks, deal management by Fundie Ventures, and the capability to handle legalities, compliance, banking, cap tables, secondaries, and exits.
Through the Leva portal, you will be able to track your portfolio, committed capital, and receive portfolio updates. Here are the FAQs of the platform
Leva charges a one-time fee to structure and manage the syndication throughout its lifetime, including the exit process and the redistribution of capital. Additionally, Fundie Ventures receives a one-time 3% fee as the deal lead to compensate for sourcing, due diligence, negotiations, and community management. This fee also covers necessary backend expenses such as software licenses and legal fees.
Note that both fees are additional to your commitment (for example: for a €5,000 commitment, platform fees of €150. So the total expense is €5,150).
Furthermore, we are incentivised with a 20% carried interest, which means compensation is received only if the deals perform well. There are no annual recurring fees beyond the initial upfront fee. As Fundie Venture is launching a micro-fund in 2024, it is in our interest to support each deal to grow through the subsequent rounds.
Leva provides tax report and documentation for SEIS and the associated tax submissions