The firm sees a landscape very different than the clean tech bust a decade ago.
VC firm Congruent Ventures has closed a $300 million-plus "Continuity Fund" that will aid companies in its existing portfolio.Congruent's third fund is aimed at startups that are "scaling gracefully, both in terms of revenue and capital allocation," co-founder and managing partner Abe Yokell said in an interview.
Its backers include CalSTRS, investors advised by Cambridge Associates, and pension funds in the U.S. and Canada, to name some. The firm sees a landscape very different than the clean tech bust a decade ago — and that was true even before the“The whole goal of the organization, from the get-go, has been to prove to the world that there are returns that you can generate by investing in the venture asset class within climate,” Yokell said.
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