Investor profile

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Clean Growth Fund

VC

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

Team

Beverley Gower-Jones

Founder & Managing Partner

ClimateDeep TechEnergy

Jonathan Tudor

Investment Partner

ClimateTransportEnergy

Susannah McClintock

Investment Partner

ClimateCleantechResource Efficiency

Alasdair Greig

Investment Partner

ClimateDeep Tech

Stephen Price

Investment Director

ClimateCleantech

Connor Duffy

Investment Manager

ClimateImpact Investing

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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