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In This Episode:
Closing a $55m Fund I
The 4 Types of Climate Founders
Navigating the Climate Capital Stack
Where Planeteer Might Go in the Future
What’s up, everyone!
Today, we’re speaking with the one and only Sophie Purdom, Managing Partner of Planeteer Capital.
After co-creating CTVC with Kim Zou, the climate deals and deep-dives newsletter that has become canon in climate, with 75,000+ readers, Sophie announced her own early-stage fund, Planeteer Capital.
When that announcement happened, Somil and Silas discussed this on the pod (check it out here).
They’ve closed the first fund at an exceptional $54m (🤯) and are going full speed with their investing thesis. They are focused on investing in companies at the incorporation stage, something they have been able to do well given the history and network that Sophie has.
Aside from teasing the future of Planeteer and discussing their unique advantage, Sophie gave us some insights on where the market is now.
One thing that surprised us is how, despite all the negative news, more deals are being done year over year than in years past.
Sophie shares the 4 types of climate tech founders, what they look for picking the right team, and core things to get right when navigating the climate capital stack.
This interview is one we’ve been chasing down for some time, so we’re glad to finally make it. We hope you enjoy the show!
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📝 Show Notes:
Topics
02:08 The Current State of Climate Tech
05:31 Long-Term Impact of the Climate Boom
08:44 [Check out ErthTech Talent for your Hiring Needs]
09:28 Identifying Long-Term & Durable Trends
13:04 Tracking High-Potential Niche Markets
17:57 How Her View of Venture Investing Has Changed
20:20 Where Planeteer Investments
23:15 The Value Planeteer Adds
24:30 The Role CTVC Played In Her Ability To Run Planeteer Well
28:00 Investing at Incorporation
32:15 How They Support Founders & Incentive Alignment
35:05 What to Know When Partnering with Incumbents
39:29 Will Climate Disruptors Scale?
43:10 The Future Vision of Planeteer Capital
Links
Connect with Somil on LinkedIn | Connect with Silas on LinkedIn
This podcast is NOT investment advice. Do your homework and due diligence before investing in anything discussed on this podcast.
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