Skip to content
Back to Investors
Clean Growth Fund

Clean Growth Fund

Venture Capital

Clean Growth Fund is a UK clean-tech venture capital fund.

Portfolio

20

companies

AUM

£101M

under management

Investment by month

By category

  • AI/ML£57.4M
  • CleanTech£33.1M
  • EnergyTech£27.0M
  • Uncategorised£25.9M
  • BioTech£9.3M
  • Other£13.0M

By location

  • London£91.2M
  • United Kingdom£17.3M
  • Malvern£12.0M
  • Reading£8.5M
  • Metropolitan Borough of Knowsley£7.0M
  • Other£29.7M

Portfolio companies

A

AmpliSi

AmpliSi develops porous silicon anode materials to replace graphite in lithium-ion batteries.

AB

Arda Biomaterials

Arda Biomaterials turns brewery waste into sustainable, plastic-free leather alternatives.

Carbon Re

Carbon Re

Carbon Re builds artificial intelligence to decarbonise energy-intensive industries.

CF

Clean Food Group

Clean Food Group produces sustainable oils and fats from food waste using fermentation.

FB

FA Bio

FA Bio discovers and develops microbial bioproducts to improve soil health and crop yields.

H

HutanBio

HutanBio develops sustainable algae biofuel for the shipping industry.

View all 20 companies
H

HydRegen

HydRegen develops bio-based catalysts to enable cleaner manufacturing processes in the chemical and pharmaceutical industries.

Indra

Indra

Indra manufactures smart electric vehicle chargers and energy storage systems for residential and commercial use.

Indra Renewable Technologies

Indra Renewable Technologies

Indra Renewable Technologies develops smart EV chargers and bidirectional charging solutions.

Kamma

Kamma

Kamma develops property data and analytics technology to support net zero goals in the real estate sector.

MT

MOF Technologies

MOF Technologies develops energy efficient carbon capture solutions for heavy industries.

M

Meatly

Cultivated meat producer manufacturing real chicken from animal cells for the pet food market.

Mykor

Mykor

Mykor creates low-carbon construction materials using agricultural and industrial waste.

ON

Oriole Networks

Oriole Networks builds photonic networking technology to connect AI accelerators using light instead of electricity.

Piclo

Piclo

Piclo operates an open auction platform that connects buyers and sellers of flexible energy capacity.

Rendesco

Rendesco

Rendesco builds and operates sustainable low-carbon heat networks for residential properties.

S

Sunswap

Sunswap develops zero-emission refrigeration technology for transport fleets.

VP

Vector Photonics

Vector Photonics develops advanced semiconductor lasers for datacentres and industrial applications.

measurable.energy

measurable.energy

Measurable Energy designs and manufactures AI powered smart plug sockets that reduce office electricity costs and carbon emissions.

tepeo

tepeo

tepeo develops the Zero Emission Boiler to provide low-cost domestic heating alternatives.


Team

BG

Beverley Gower-Jones

Managing Partner

JT

Jonathan Tudor

Investment Partner

Jonathan brings climate tech investment experience from roles at Clean Growth Fund, Centrica, and BP Ventures. He currently serves as an Investment Partner at Clean Growth Fund.

LinkedIn
Lisa Thornley

Lisa Thornley

Marketing Manager

Lisa manages marketing at Clean Growth Fund, having previously held senior marketing roles at EMAP.

LinkedIn
PT

Paul Taylor

SM

Susannah McClintock

Investment Director

Susannah is an investment partner at Clean Growth Fund and an advisor to the UKRI Industrial Decarbonisation Challenge. She also holds board and observer roles across several climate technology and growth companies.

LinkedIn

Recent investments

$35.0M

The funding supports the development of optical networking technology designed to remove electronic switches from data centre cores.

"A year ago, we were proving the physics; today, we’re proving the business. Our collaboration with AMD has moved from concept to deployment to a system an order of magnitude larger, and the data proves this is already driving performance increases at pace,"
— James Regan
Other
£4.0M

The Bristol biotech secured the backing to expand manufacturing capabilities and grow its footprint across European markets.

"Decarbonising construction cannot come at the expense of cost or performance. The challenge has been scaling biomaterials industrially and integrating them into real construction supply chains."
— Olivia Page, CEO and co-founder
Series A
£10.4M

The funding round was led by Oyster Bay Venture Capital, Clean Growth Fund, and JamJar Investments to support the construction of Europe's largest cultivated meat site.

"Meatly has one focus – to make commercially viable cultivated meat a reality. Over the last four years, Meatly’s pioneering team has systematically focused on reducing key costs and building the strongest possible technical foundation for growth. Now we have our own industry-leading technology, and we are ready to scale,"
— Owen Ensor, CEO
Pre-Seed
£2.0M

The funding will support the Sheffield spinout in moving its porous silicon anode technology from the laboratory toward commercial deployment.

"Our focus from day one has been on building a new type of silicon battery material that can be produced at scale and integrated into existing battery supply chains. This investment allows us to move beyond proof-of-concept and concentrate on scaling a product that delivers real commercial value to battery manufacturers, without introducing unnecessary cost or complexity."
— Ruth Sayers, CEO