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Clean Growth Fund

Clean Growth Fund

Venture Capital

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


Recent investments

Seed
£1.1M

The funding round was led by Clean Growth Fund to help commercialise the startup's plant-based material.

"The advent of cheap plastics wiped out a century of innovation in using natural inputs to make materials. Now, with sustainability in mind, we are discovering that the natural world has all the building blocks needed to create marvellous and sustainable materials. The production of leather is particularly resource intensive and the current alternatives are riddled with plastic. The chemical composition in waste grain is uniquely suited to be transformed into a material that can resemble many of the properties of leather and more."
— Edward Mitchell, Co-founder and CTO
£2.6M

Clean Growth Fund backed the biotechnology spin-out as it prepares to scale commercial operations.

"The HydRegen Team is hugely excited to embark on the next stage of our journey and to add CGF’s considerable expertise in clean tech to our commercial strategy. This funding will speed up the development of our greener and less wasteful bio-based manufacturing technologies, allowing us to help chemical companies to reduce their environmental impact and carbon footprint whilst also reducing their costs. HydRegen’s vision is to become part of the ‘advanced manufacturing toolbox’ across the global chemical manufacturing industry, enabling companies to meet their Net Zero goals."
— Holly Reeve, CEO
£2.4M

The round was co-led by Clean Growth Fund and Foresight WAE Technology to support the commercialisation of semiconductor lasers.

"We are excited to be partnering with the Vector team as they pioneer a major revolution in laser technology. Lasers are ubiquitous, and we recognise the significant carbon savings that PCSELs can deliver by increasing energy efficiency across many applications. These efficiency savings are initially targeted at the large and growing emissions problem of datacentres, but the opportunity to deliver emissions savings is much wider. Clean Growth Fund was established to invest in the very best clean tech innovators across the UK and so we are delighted that Vector Photonics is our first investment in Scotland. The team combines world-leading technical and commercial expertise and we are excited to support one of the leading innovators in Scotland’s photonics ecosystem to address the climate crisis."
— Susannah McClintock, Investment Director