![]() One crypto-focused VC told me yesterday shortly after the news broke that “right now everyone is just reading the complaint and discussing which tokens were named (and the fact that was not…).” It’s a significant move and one that could make things tricky for those holding or trading tokens-and it’s already taken a hit to the prices of several tokens. That’s bad news for the broader industry, and for venture capital investors who’ve bet on crypto projects and tokens including Solana. The lawsuit named several other popular tokens-including Solana and Polygon-as securities as well. “ is still in need of a good digital revolution that has happened in so many other sectors and I think capital now senses that that’s coming-there’s just nothing but a green field of opportunity,” said David Barber, partner at Astanor Ventures, a firm that invests in sustainable agriculture tech.īinance blow: On Monday the Securities and Exchange Commission filed a big lawsuit against top-dog crypto exchange Binance, alleging, among other things, the exchange mishandled user funds and that the exchange’s token, BNB, is an unregistered security. Yet VCs say those on board have huge returns ahead. While climate tech may be having a moment, investment towards the sector is meager compared to funding going to A.I. One recent example is carbon removal firm Charm announcing their $100 million Series B today. “VC investment in carbon removal tech has also been growing strongly – in the US, the Inflation Reduction Act’s support for carbon removal is particularly strong,” explained MacDonagh. Turner emphasized some of the most exciting new tech revolutionizes supply chains for some of the most polluting industries like concrete production and agriculture.Īnother piece of tech that is seeing a boom? Carbon removal. “Clean tech 1.0 was really somewhat focused on just the energy sector, and now we’re seeing a large diversification of really interesting new sectors and investors who are gaining knowledge about those areas and wanting to deploy capital,” said Duncan Turner, a partner at SOSV. While companies focusing on clean energy are still crucial, VCs are also looking at the next wave of transformational inventions that will transform supply chains for polluting industries that have yet to see sustainable innovation. Famed seed investor Chris Sacca, who is known for his winning investments in Instagram, Twitter, and Uber, founded Lowercarbon Ventures in 2018 along with his wife Crystal Sacca to invest in climate tech. ![]() ![]() Now, many of the players investing the most in the space are newer, including SOSV and Breakthrough Energy Ventures. However following the financial crisis, many of the investments did not pan out. In a period referred to as “Clean Tech 1.0,” VCs poured billions into climate tech between 20. ![]() Climate tech, like many other sectors, has gone through hype cycles in terms of VC attention and funding. ![]()
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