Galvanize Climate Solutions, a global investment firm with a primary focus on climate-related initiatives, announces the successful conclusion of its Innovation + Expansion Fund at a sum exceeding $1 billion. It stands out as one of the largest climate venture funds to date.
The core objective of the Fund is to make strategic investments in early- to growth-stage companies dedicated to expediting decarbonisation efforts. Beyond providing essential financial backing, Galvanize commits to furnishing these climate-focused enterprises with a wealth of interdisciplinary resources, facilitating their journey towards achieving commercial scale.
Galvanize has assembled a highly proficient investment team, further augmented by in-house experts specialising in critical areas relevant to climate-centric ventures. These encompass climate science and technology, regulatory compliance, market expansion, impact assessment, and talent recruitment. Equipped with this comprehensive suite of resources, the Fund possesses a distinct advantage in identifying, evaluating, and amplifying the influence of transformative climate-focused companies.
“Fully realising the most significant investment opportunity of our time and succeeding in ushering in the climate transition will require more than capital alone,” said Tom Steyer, Co-Executive Chair of Galvanize, who previously founded and ran one of the first multi-strategy global investment firms, Farallon Capital Management, which grew to over $36 billion in assets under management under his leadership. “That’s why, based on years of investment experience and an understanding of the resources needed to accelerate critical climate solutions, we deliberately built Galvanize to forge a new model for climate investing, alongside constructing a world-class team built for this moment. We are thrilled to have the support of our partners in pursuit of this opportunity.”
The Fund is led by Veery Maxwell, Saloni Multani and Cliff Ryan, who collectively bring deep climate expertise coupled with a history of building and managing multi-billion dollar investment strategies at leading global firms, including Hellman & Friedman and Riverstone Holdings.
“We are witnessing an inflection point in the transformation of the global economy,” said Saloni Multani, co-head of Innovation + Expansion at Galvanize. “The alignment of market forces including corporate commitments, regulatory and policy progress, consumer expectations, workforce talent preferences, technological maturation and economic competitiveness is driving substantial tailwinds behind the climate sector. We believe immense value will accrue to the technologies and solutions that can drive meaningful decarbonisation over the next decade.”