Investment firm IP Group launches ‘Kiko Ventures’ cleantech climate change fund
IP Group plc, which develops world-changing science and technology businesses across life sciences, technology and cleantech, announces the launch of ‘Kiko Ventures’ – a wholly-owned platform dedicated to supporting transformative climate technology.
As outlined in the Group’s full year results statement in March, the Kiko Ventures platform is fully owned and funded by the Group and will build on IP Group’s strong track record and existing cleantech portfolio, which is valued at more than £175m.
In line with previous guidance, the Group plans to invest approximately £200m over five years from its balance sheet capital into existing and new companies.
The Group’s cleantech team, led by partners Robert Trezona, Jamie Vollbracht and Arne Morteani, will, under the Kiko Ventures brand, continue to support and build category-leading companies in the field.
See related article: Equitable Announces Investment in SoLa Impact’s Black Impact Fund
IP Group has a strong track record of identifying differentiated and impactful dealflow and nurturing it to key inflection points. Highlights in cleantech include the turnaround of Ceres Power and the early identification of First Light Fusion which, in April, achieved fusion.
Greg Smith, Chief Executive Officer of IP Group, said: “IP Group has a successful history of identifying and commercialising impactful technologies which address the major challenges facing the world. Our highly experienced team have dedicated their careers to climate tech and we believe that, consistent with our strategy of deeper thematic focus, a dedicated platform in the cleantech space will help accelerate our efforts in this area and deliver returns for shareholders alongside impact for society.”
Source: IP Group plc
The ESG News Editorial Team is comprised of veteran financial journalists and sustainability analysts dedicated to providing real-time, objective reporting on global ESG regulations, climate finance, and corporate governance. Our desk monitors daily developments from the SEC, IFRS, CSRD and international regulatory bodies to ensure our 1M+ readers receive accurate, data-driven insights into the evolving sustainable investment landscape. Follow the ESG News Editorial Team for expert reporting on global sustainability standards, ESG disclosures, and climate policy. Access over 10,000 investigative reports and real-time updates.
