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Clean Growth Fund

GBClimateDeep TechAI/MLEnterpriseB2B SaaSOther

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Investment thesis

Clean Growth Fund (CGF) is a UK-based specialist climate venture capital firm investing in early-stage clean technology companies that develop innovative solutions to reduce greenhouse gas emissions and improve resource efficiency. The fund focuses on Seed and Series A investments into companies with limited technical risk but some scale-up and market risk, targeting innovations across six core sectors: power, buildings, transport, industry, waste/water, and agrifood. Prospective investments must demonstrate significant potential to cut CO2-equivalent emissions or improve resource efficiency, and CGF applies a proprietary 'return on carbon' ESG framework alongside financial return targets of 2.5× and 20% IRR. The fund deploys initial cheques of £500k–£5m into UK-based companies, supporting them beyond capital through its close partnership with Carbon Limiting Technologies, the UK's most established early-stage cleantech incubator.

Notable quotes

We are delighted that we have reached our £100m target; the Fund's size is wholly fit-for-purpose for the early-stage, clean tech sector in the UK.

Beverley Gower-Jones · Clean Growth Fund website – Final Close announcement · 2022-03-29

The genie is out of the bottle. Come and talk to us. The pace of innovation in clean tech is accelerating.

Beverley Gower-Jones · Thinking the Unthinkable podcast, thinkunthink.org · 2025-03-26

Holiferm's work to replace fossil-fuels with biobased and biodegradable ingredients in everyday consumer products is a world-beater.

Jonathan Tudor · Clean Growth Fund – Holiferm investment announcement · 2021-11-12

Recent investments

CompanyRoundSizeDate
AmpliSiPre-seed$3m2026-03
PicloSeries B2025-12-18
Oriole NetworksSeed$13m2024-03
SunswapSeries B2024-08
tepeoSeed2021
HolifermSeed$9m2021-11
Carbon ReSeed2022
IndraSeries A2021
FutraheatSeed2022
Vector PhotonicsSeed2022

Frequent co-investors

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