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Jenson Funding Partners Unveils New €69.7M Fund for Startups Driving Net Zero Transition

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UK based early stage venture capital firm Jenson Financing Partners steps up support for startups to drive the green transition with the launch of a new €69.7 million fund. The B Corp-certified company aims to kick-start the fund in 2023 and support planet-positive startups in the UK.

As awareness grows around the urgent need to achieve a net zero economy and society, startups are bringing new ideas to get us there. Funding has been ramped up across Europe to support innovators developing their ideas and launching solutions aimed at making a positive impact on the environment. And now UK startups have a new fund to tap into.

Aurora I fund

The fund aims to support UK-based companies that help businesses and consumers reduce their impact on the environment. The fund will focus on commercially minded, cost-effective technology solutions that can be easily integrated into the daily lives of consumers or businesses.

The fund will be deployed in mid-2023 and has a three-year mandate. It is for 60 pre-seed and seed stage companies in the first year, 20 follow-ons in the second year, and then a final 10 investments in the most successful companies.

Tech Nation, the national network for tech entrepreneurs, recently published a report identifying a funding gap for UK climate technology between the start-up phase and Series A. It is this gap that Jenson aims to address, with the plan to establish the UK as a global leader in climate technology.

Sarah Barber, CEO of Jenson Funding Partners, said: “There are some great companies working to make greener alternatives affordable and practical. We see this as a critical step to encourage mass adoption of more sustainable ways of living and doing business, and an excellent opportunity for investors.”

“Aurora I is the opportunity for us to leverage our track record of successfully supporting start-ups with the potential to directly impact the way we live and work – and expand what we already have done in discovering some exciting startups with strong sustainability credentials.”

Support sustainable ideas

Based in the UK, Jenson specializes in working with founders through their early growth phase – from pre-seed to Series A. It is a B-Corp certified company, which is quite unique in the industry and has more than Has reached 10 exits with an average of 4x returns.

Portfolio companies include The Seam, a company that makes it easier for consumers to find tailors and repair old clothes, and TreeApp, an app that allows consumers or businesses to fund planting trees in locations around the world. We reported on TreeApp’s most recent funding last week.

While developing the investment thesis and identifying opportunities, the venture capital firm has hired two new Venture Partners: co-founders of the sustainable business think tank, Hyve Forum, Associate at the Circular Economy Centre, Cambridge Judge Business School Dr. Samsurin Welch and sustainability-focused serial entrepreneur and fellow Cambridge Judge Business School alumnus Abdulaziz Bin Redha.

Jeffrey Faustin, Chief Investment Officer at Jenson Funding Partners: “Dr. Samsurin and Abdulaziz have been instrumental in setting up the fund and will continue to play an active role in it. They have decades of experience advising senior government officials and executives at some of the world’s largest companies on sustainability and Net Zero transition. Together we have developed what I believe is an attractive proposition for fast-growing companies and investors.”

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