Clean Growth Fund

Clean Growth Investment Management LLP, based in London, is a venture capital firm established in 2018 that specializes in investing in growth-stage and early-stage clean growth technology companies. The firm is dedicated to supporting innovations aimed at reducing carbon emissions across various sectors, including power and energy, buildings, transport, and waste management. By focusing on the United Kingdom, Clean Growth Investment Management seeks to foster advancements in the low carbon economy and drive sustainable development through its investments.

Gemma Fong

CFO

Beverley Gower-Jones

Managing Partner

Alasdair Greig

Investment Partner

Samuel Hill

Investment Analyst

Shashank Jasrapuria

Investment Analyst

Susannah McClintock

Investment Partner

Stephen Price Ph.D

Investment Director

Jonathan Tudor

Investment Partner

27 past transactions

Arda Biomaterials

Seed Round in 2025
Arda Biomaterials is a company dedicated to transforming waste feedstocks into sustainable, circular biomaterials for various industries, including fashion, home goods, and automotive. It specializes in creating alternative materials, such as an animal and plastic-free leather substitute, to meet the growing demand for environmentally friendly options. By focusing on climate-conscious solutions, Arda Biomaterials enables its customers to engage with innovative materials and supports the development of new circular manufacturing systems.

measurable.energy

Venture Round in 2024
Measurable.energy is a startup focused on energy management solutions that aim to identify and eliminate wasted energy in buildings, thereby reducing CO2 emissions and lowering electricity expenses. The company utilizes AI-driven smart power socket technology for automatic management of energy consumption, ensuring minimal disruption to building occupants. Its innovative software provides data-driven insights and features a demand-side response system that promotes efficient grid usage. Additionally, measurable.energy offers recyclable hardware and integrable mobile applications, enabling managers and building owners to effectively minimize their carbon footprint and work towards achieving net zero goals while also cutting costs on energy bills.

Oriole Networks

Series A in 2024
Oriole Networks is a company focused on enhancing the performance of artificial intelligence systems and optimizing data center operations. By employing advanced optimization techniques and resource utilization strategies, it aims to improve the efficiency of machine learning processes while significantly reducing energy consumption. This innovative approach not only boosts AI performance but also supports industries in adopting sustainable practices, contributing to a more environmentally friendly future.

Sunswap

Venture Round in 2024
Sunswap Ltd. is a London-based company founded in 2020, specializing in the development of innovative transport refrigeration technology aimed at achieving zero-emission cold chain transportation. The company has created a proprietary, patent-pending system that combines solar energy, battery storage, and electric refrigeration into a single high-performance unit. This technology is designed to help major clients, including DFDS and Samworth Brothers, as well as trial partners like Muller, reduce diesel emissions and associated costs in their operations. Sunswap's mission is to decarbonize the cold transportation sector, addressing pressing environmental concerns while enhancing efficiency in the logistics of perishable goods.

Piclo

Venture Round in 2024
Piclo is an independent marketplace focused on enhancing the efficiency and sustainability of electricity grids. The company provides a platform that leverages local and flexible energy markets, integrating renewable power sources, battery storage, and electric vehicles to support grid balancing. By facilitating greater participation and standardization, Piclo aims to streamline the transition to a low-carbon future, contributing to the development of resilient and low-cost energy systems. Its innovative approach encourages the utilization of digital tools that improve the management of renewable energy, positioning it as a key player in the ongoing shift towards Net Zero.

Oriole Networks

Seed Round in 2024
Oriole Networks is a company focused on enhancing the performance of artificial intelligence systems and optimizing data center operations. By employing advanced optimization techniques and resource utilization strategies, it aims to improve the efficiency of machine learning processes while significantly reducing energy consumption. This innovative approach not only boosts AI performance but also supports industries in adopting sustainable practices, contributing to a more environmentally friendly future.

Clean Food Group

Seed Round in 2024
Clean Food Group specializes in the development of sustainable food ingredients, focusing on providing eco-friendly alternatives to traditional fats and oils. The company produces a range of products, including liquid oils such as soybean oil and solid fats like palm oil, cocoa butter, and milk fat. Utilizing a proprietary cellular agriculture system, Clean Food Group commercializes palm oil production through fermentation using natural yeast in a sustainable, non-GM process. This innovative approach offers customers a local and circular alternative to conventional palm oil, addressing both environmental concerns and health considerations while maintaining quality and taste.

HutanBio

Seed Round in 2024
HutanBio is a biotechnology company focused on producing sustainable biofuels derived from algae. The firm specializes in developing HBx bio-oil, which is characterized by its high energy density, low carbon footprint, and absence of sulfur. HutanBio's innovative approach allows for scalable production through its algal farms, catering to various sectors, including marine, land, and aviation. By providing a drop-in replacement fuel, the company enables its clients to reduce emissions and comply with environmental regulations, contributing to a more sustainable energy landscape.

Holiferm

Series B in 2023
Holiferm Limited, founded in 2018 and based in Manchester, United Kingdom, is a manufacturer specializing in the production of biosurfactants through innovative fermentation technology. The company focuses on environmentally friendly methods, utilizing gravity separation to recover insoluble lipids during the fermentation process. This approach enables cost-efficient production of bio-based materials, making Holiferm a key player in the sustainable manufacturing sector. Currently, Holiferm is in the process of constructing a large-scale manufacturing plant to produce sophorolipids, further solidifying its commitment to bringing biosurfactants to market.

Kamma

Venture Round in 2023
Kamma is a technology company specializing in property compliance within the United Kingdom's Private Rented Sector (PRS). It has developed a unique platform that aggregates, cleanses, and maps real-time data on property licensing regulations across diverse local authorities. This platform serves various stakeholders such as letting agents, surveyors, insurance providers, debt collectors, and mortgage lenders by ensuring their property portfolios remain compliant with the complex patchwork of rules. Kamma's business strategy involves expanding its data foundations, developing new products for deeper insights into the PRS, and integrating with established partners to broaden market reach.

Arda Biomaterials

Pre Seed Round in 2023
Arda Biomaterials is a company dedicated to transforming waste feedstocks into sustainable, circular biomaterials for various industries, including fashion, home goods, and automotive. It specializes in creating alternative materials, such as an animal and plastic-free leather substitute, to meet the growing demand for environmentally friendly options. By focusing on climate-conscious solutions, Arda Biomaterials enables its customers to engage with innovative materials and supports the development of new circular manufacturing systems.

HydRegen

Seed Round in 2023
HydRegen is a biotechnology company founded in 2020 and headquartered in Oxford, United Kingdom. The company specializes in providing sustainable solutions for chemical manufacturing through the development of bio-based manufacturing technologies. Utilizing innovative biocatalysis techniques, HydRegen aims to enhance agility, speed, and predictability during the early stages of industrial research and development. This approach enables the chemicals and pharmaceutical sectors to validate their processes while meeting essential requirements for cost, productivity, and reproducibility at scale.

Futraheat

Seed Round in 2023
Futraheat is an innovative company focused on developing high-temperature heat pump technology, specifically its TurboClaw system, aimed at facilitating the decarbonization of industrial heat processes. By providing cost-effective solutions, Futraheat enables a practical transition for various industries, including pharmaceuticals and food production, to shift from fossil fuel dependence to a zero-carbon alternative. The company's technology harnesses renewable electricity to deliver sustainable heating solutions, thereby contributing to the broader goal of reducing carbon emissions in industrial applications.

Piclo

Series B in 2023
Piclo is an independent marketplace focused on enhancing the efficiency and sustainability of electricity grids. The company provides a platform that leverages local and flexible energy markets, integrating renewable power sources, battery storage, and electric vehicles to support grid balancing. By facilitating greater participation and standardization, Piclo aims to streamline the transition to a low-carbon future, contributing to the development of resilient and low-cost energy systems. Its innovative approach encourages the utilization of digital tools that improve the management of renewable energy, positioning it as a key player in the ongoing shift towards Net Zero.

Vector Photonics

Seed Round in 2023
Vector Photonics, based in Glasgow, Scotland, is a spin-out company from the University of Glasgow. It specializes in developing semiconductor laser technology for data communications and additive manufacturing, including metal and plastic printing. The company's innovation lies in photonic crystal surface-emitting lasers, which are low-cost and emit light from the top surface, facilitating easy packaging and integration into printed circuit boards (PCBs) and electronic assemblies. This enables various industries to adopt their semiconductor laser technology in daily operations.

measurable.energy

Series A in 2023
Measurable.energy is a startup focused on energy management solutions that aim to identify and eliminate wasted energy in buildings, thereby reducing CO2 emissions and lowering electricity expenses. The company utilizes AI-driven smart power socket technology for automatic management of energy consumption, ensuring minimal disruption to building occupants. Its innovative software provides data-driven insights and features a demand-side response system that promotes efficient grid usage. Additionally, measurable.energy offers recyclable hardware and integrable mobile applications, enabling managers and building owners to effectively minimize their carbon footprint and work towards achieving net zero goals while also cutting costs on energy bills.

Tepeo

Series A in 2022
Tepeo is a British clean technology company specializing in the development of a low-cost, easy-to-install low carbon boiler designed for residential heating. This innovative zero-emission boiler serves as a direct replacement for traditional gas or oil boilers, delivering effective heating without compromising performance. Additionally, Tepeo's technology enhances grid stability by offering flexibility services that help manage the intermittency of renewable energy sources. This capability not only enables homeowners to adopt alternative heating solutions but also supports the broader transition towards a decentralized and decarbonized electricity grid.

Carbon Re

Seed Round in 2022
Carbon Re is a climate technology company focused on utilizing artificial intelligence to decarbonize energy-intensive industries such as cement, steel, and glass, which collectively contribute over 20% of global carbon emissions. The company’s Delta Zero platform employs deep learning to facilitate the rapid development and implementation of low-carbon industrial processes, designs, and materials. By integrating continuous improvement methods with AI, Carbon Re aims to enhance operational efficiencies while significantly reducing greenhouse gas emissions in manufacturing. This approach not only targets substantial reductions in carbon emissions but also aims to lower electricity and fuel costs for plants, thereby promoting efficient decarbonization in foundational industries.

Nuada

Series A in 2022
Nuada is a vertically integrated company specializing in carbon capture technology aimed at decarbonizing heavy industries. The firm develops next-generation point-source capture solutions designed to facilitate energy-efficient CO2 filtration for industrial emitters in sectors that are difficult to decarbonize. By offering innovative technologies, Nuada enables these industries to meet their Net Zero targets while minimizing financial impacts. The company is committed to providing effective environmental solutions that address the challenges of carbon emissions in various industrial applications.

Sunswap

Venture Round in 2022
Sunswap Ltd. is a London-based company founded in 2020, specializing in the development of innovative transport refrigeration technology aimed at achieving zero-emission cold chain transportation. The company has created a proprietary, patent-pending system that combines solar energy, battery storage, and electric refrigeration into a single high-performance unit. This technology is designed to help major clients, including DFDS and Samworth Brothers, as well as trial partners like Muller, reduce diesel emissions and associated costs in their operations. Sunswap's mission is to decarbonize the cold transportation sector, addressing pressing environmental concerns while enhancing efficiency in the logistics of perishable goods.

Above Surveying

Series A in 2022
Above Surveying is the solar industry’s leading aerial solar inspection and data analysis company.

Carbon Re

Pre Seed Round in 2021
Carbon Re is a climate technology company focused on utilizing artificial intelligence to decarbonize energy-intensive industries such as cement, steel, and glass, which collectively contribute over 20% of global carbon emissions. The company’s Delta Zero platform employs deep learning to facilitate the rapid development and implementation of low-carbon industrial processes, designs, and materials. By integrating continuous improvement methods with AI, Carbon Re aims to enhance operational efficiencies while significantly reducing greenhouse gas emissions in manufacturing. This approach not only targets substantial reductions in carbon emissions but also aims to lower electricity and fuel costs for plants, thereby promoting efficient decarbonization in foundational industries.

Holiferm

Funding Round in 2021
Holiferm Limited, founded in 2018 and based in Manchester, United Kingdom, is a manufacturer specializing in the production of biosurfactants through innovative fermentation technology. The company focuses on environmentally friendly methods, utilizing gravity separation to recover insoluble lipids during the fermentation process. This approach enables cost-efficient production of bio-based materials, making Holiferm a key player in the sustainable manufacturing sector. Currently, Holiferm is in the process of constructing a large-scale manufacturing plant to produce sophorolipids, further solidifying its commitment to bringing biosurfactants to market.

Tepeo

Seed Round in 2021
Tepeo is a British clean technology company specializing in the development of a low-cost, easy-to-install low carbon boiler designed for residential heating. This innovative zero-emission boiler serves as a direct replacement for traditional gas or oil boilers, delivering effective heating without compromising performance. Additionally, Tepeo's technology enhances grid stability by offering flexibility services that help manage the intermittency of renewable energy sources. This capability not only enables homeowners to adopt alternative heating solutions but also supports the broader transition towards a decentralized and decarbonized electricity grid.

Piclo

Series A in 2021
Piclo is an independent marketplace focused on enhancing the efficiency and sustainability of electricity grids. The company provides a platform that leverages local and flexible energy markets, integrating renewable power sources, battery storage, and electric vehicles to support grid balancing. By facilitating greater participation and standardization, Piclo aims to streamline the transition to a low-carbon future, contributing to the development of resilient and low-cost energy systems. Its innovative approach encourages the utilization of digital tools that improve the management of renewable energy, positioning it as a key player in the ongoing shift towards Net Zero.

Indra Renewable Technologies

Venture Round in 2021
Indra Renewable Technologies Ltd, established in 2013 and based in the UK, specializes in supplying components and services for electric vehicles. The company develops smart charging and energy storage systems tailored for both residential and commercial applications. Its offerings include vehicle chargers, electricity storage devices, and energy integration systems. In addition to product development, Indra provides design, certification, and compliance services related to automobiles. By focusing on these areas, the company aims to enhance the convenience of electric vehicle charging and promote the adoption of electric vehicles in various markets.
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