Disrupt First. Decarbonise Faster.
We fund game-changing businesses that outcompete incumbents, making emissions reductions economically irresistible.
Change Brings Opportunity
These disruptive qualities position our investments to not only reduce emissions but to win entire categories and deliver outsized returns.
Teiny’s oat milk powder offers the nutrition of dairy combined with the sustainability of plant-based milks.
Secure Your Stake in Climate’s Disruptive Future
We’re currently raising our second climate fund—Climate Venture Capital Fund Extension (CVCFe).
Momentum
CVCFe builds on the momentum of our New Zealand-first, and award winning, first climate fund. Being first-to-market, we've developed relationships and deal flow that can't be replicated.
Venture Returns
Targeting returns of 25%+ IRR.
Our first climate fund is currently on track to return between 5-10x
High Emissions Impact
Co-fund investments that will reduce CO2-e by 100 million tonnes by 2035.
All investments are independently verified by our Climate Impact Committee.
Exclusive Deal Flow
Exclusive access to follow-on investments and co-investment opportunities from our first climate fund.
Companies We've Backed
Making 24/7 renewables a reality.
MGA’s breakthrough blocks store and deliver thermal energy while remaining outwardly solid. They are the missing piece of grid decarbonisation, turning renewable energy into clean steam and power that’s available any time of the day.
No compromise cleaning.
Cleanery’s low waste cleaning & personal care products come as a powder that dissolves in water at home to create an ultra-effective clean. Wave goodbye to single-use plastic bottles and say hello to super clean, super green.
Decarbonising zinc recycling.
Zinc is the fourth most used metal which is an essential resource in renewable energy, vehicles, and infrastructure. Zincovery is building an alternative to the current carbon intensive zinc recycling process.
Green CO2 for Horticulture.
The Hot Lime Labs CO2 capture system converts wood waste biomass into clean CO2 for commercial greenhouses, increasing crop productivity and growth.
Ambient ammonia for a cleaner, more efficient future.
From beginnings as a research discovery at Te Herenga Waka—Victoria University of Wellington, Liquium has reimagined a future where clean ammonia will be pivotal to decarbonisation and energy security.
A world-first for treating low clarity liquids and wastewater.
NovoLabs™ patented Supercritical UV™ Disinfection System can address treatment challenges and significantly reduce treatment costs for low clarity/low UVT process liquids and wastewaters.
Nutritionally Complete Oat Milk Powder.
Teiny’s oat milk powder offers the nutrition of dairy combined with the sustainability of plant-based milks. As a powdered product, Teiny has the potential to slash emissions by 95%, addressing a critical gap in the market.
Ambient ammonia for a cleaner, more efficient future.
From beginnings as a research discovery at Te Herenga Waka—Victoria University of Wellington, Liquium has reimagined a future where clean ammonia will be pivotal to decarbonisation and energy security.
News & Views
NZ’s Unambitious Emissions Reduction Plan: Why Bold Climate Action Matters
New Zealand’s Second Emissions Reduction Plan could be pushing harder
Climate VC Fund Backs Teiny to Bring Nutritionally Complete Oat Milk Powder to Market
Seven Proposals for a Step Change in NZ Innovation
New Zealand’s 2024 Budget: Missing the Mark on Climate Investment
Climate Change in the News – May 2024
Where will the next generation of emissions reduction come from?
Climate VC Fund Invests in NovoLabs to Catalyse Sustainable Wastewater Treatment
Can an impact fund be impactful without scale? – How sustainable finance taxonomies will make scale a matter of time
The Partners
Rohan MacMahon
25 years of executive, consulting and analyst experience including with climate-related change projects.
Lance Wiggs
2040 Ventures founder with a wealth of global experience including with high growth companies and major emitters.
Dr Jez Weston
An expert in climate policy & science matched with experience in science investment & managing commercialisation funds.
The Climate Impact Committee.
Tasked with governing climate impact and measurement, it will have power of veto over proposed investments by the Fund.
The Climate Impact Committee.
Tasked with governing climate impact and measurement, it will have power of veto over proposed investments by the Fund.
Dr Jodi York
ImpactAbility Solutions & U.Melbourne.
Jodi is an expert in impact – how to fund, create, measure, communicate, manage, and multiply impact to tackle entrenched social problems. She works with the Impact Management Project, Impact Investment Partners, Kilara Capital, and Brightlight Impact.
Dr Jodi York
ImpactAbility Solutions & U.Melbourne.
Jodi is an expert in impact – how to fund, create, measure, communicate, manage, and multiply impact to tackle entrenched social problems. She works with the Impact Management Project, Impact Investment Partners, Kilara Capital, and Brightlight Impact.
Lucie Greenwood
KPMG
Lucie works to deliver practical solutions to transform the economy to one that is socially and environmentally fair by design. Her current focus is climate change strategy for some of Aotearoa’s largest businesses. She has been a researcher with the Akina Foundation and the Lowy Institute and has a Masters from Cambridge.
Lucie Greenwood
KPMG
Lucie works to deliver practical solutions to transform the economy to one that is socially and environmentally fair by design. Her current focus is climate change strategy for some of Aotearoa’s largest businesses. She has been a researcher with the Akina Foundation and the Lowy Institute and has a Masters from Cambridge.
Juhi Shareef
Chief Responsibility Officer at Tourism Holdings Limited & Chair of the Battery Industry Group.
Juhi helps firms introduce resilient, regenerative, and exponential technologies and business changes. She has worked as a global sustainability strategy advisor for firms including Vector, Marks & Spencer, the Kering Group, Stella McCartney, Wembley Stadium, and the Football Association and has a Masters from Harvard.
Juhi Shareef
Chief Responsibility Officer at Tourism Holdings Limited & Chair of the Battery Industry Group.
Juhi helps firms introduce resilient, regenerative, and exponential technologies and business changes. She has worked as a global sustainability strategy advisor for firms including Vector, Marks & Spencer, the Kering Group, Stella McCartney, Wembley Stadium, and the Football Association and has a Masters from Harvard.
Nicolette Boele
Responsible Investment Association Australasia.
Nicolette works to enable new ideas, skills & capital for private, public and third sectors to work together for fuller participation, increased productivity and sufficient prosperity. Her work has included the Clean Energy Finance Corporation, the Investor Group on Climate Change, The Climate Institute, and the Sustainable Energy Development Authority.
Nicolette Boele
Responsible Investment Association Australasia.
Nicolette works to enable new ideas, skills & capital for private, public and third sectors to work together for fuller participation, increased productivity and sufficient prosperity. Her work has included the Clean Energy Finance Corporation, the Investor Group on Climate Change, The Climate Institute, and the Sustainable Energy Development Authority.
Professor Shaun Hendy
Te Pūnaha Matatini & Toha NZ.
Shaun leads Auckland University’s Centre for Complex Systems and Networks, co-founded the Toha NZ environmental marketplace for climate and environmental impact, and leads COVID-19 epidemic modelling for the National Crisis Management Centre. His book “#NoFly – Walking the Talk on Climate Change” explored the hard questions about adaptation to a low-emissions future.
Professor Shaun Hendy
Te Pūnaha Matatini & Toha NZ.
Shaun leads Auckland University’s Centre for Complex Systems and Networks, co-founded the Toha NZ environmental marketplace for climate and environmental impact, and leads COVID-19 epidemic modelling for the National Crisis Management Centre. His book “#NoFly – Walking the Talk on Climate Change” explored the hard questions about adaptation to a low-emissions future.
2040 Ventures team track record.
2040 Ventures team track record.
Chris Humphreys
2040 Ventures co-founder with significant investment and corporate finance experience.
- Co-founder of Punakaiki Fund (as above)
- Corporate finance expertise from Punakaiki Fund, Deloitte, Pacific Fibre. Director of Devoli.
- Lead on valuation, due diligence and formal processes for a large portion of Punakaiki Fund’s investments to date.
- BSc and PGDipCom (Finance), University of Otago; BComm (Accounting, Finance, Information Systems), University of Canterbury; CFA charterholder
Chris Humphreys
2040 Ventures co-founder with significant investment and corporate finance experience.
- Co-founder of Punakaiki Fund (as above)
- Corporate finance expertise from Punakaiki Fund, Deloitte, Pacific Fibre. Director of Devoli.
- Lead on valuation, due diligence and formal processes for a large portion of Punakaiki Fund’s investments to date.
- BSc and PGDipCom (Finance), University of Otago; BComm (Accounting, Finance, Information Systems), University of Canterbury; CFA charterholder
Nadine Hill
An experienced investment professional with strong record in international capital.
- Punakaiki Fund Partner and responsible for the investments team
- Director of several SaaS portfolio companies
- 15 years of experience in international capital
- Previous roles with Westpac and NZTE
- B Comm/ Finance (Massey University)
Nadine Hill
An experienced investment professional with strong record in international capital.
- Punakaiki Fund Partner and responsible for the investments team
- Director of several SaaS portfolio companies
- 15 years of experience in international capital
- Previous roles with Westpac and NZTE
- B Comm/ Finance (Massey University)