Investor profile
Clean Growth Fund
VC
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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.”
“The genie is out of the bottle. Come and talk to us. The pace of innovation in clean tech is accelerating.”
“Holiferm's work to replace fossil-fuels with biobased and biodegradable ingredients in everyday consumer products is a world-beater.”
Team
Susannah McClintock
Investment Partner
Alasdair Greig
Investment Partner
Stephen Price
Investment Director
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| AmpliSi | Pre-seed | $3m | 2026-03 |
| Piclo | Series B | — | 2025-12-18 |
| Oriole Networks | Seed | $13m | 2024-03 |
| Sunswap | Series B | — | 2024-08 |
| tepeo | Seed | — | 2021 |
| Holiferm | Seed | $9m | 2021-11 |
| Carbon Re | Seed | — | 2022 |
| Indra | Series A | — | 2021 |
| Futraheat | Seed | — | 2022 |
| Vector Photonics | Seed | — | 2022 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Innovate UK | 5 |
| UCL Technology Fund | 2 |
| XTX Ventures | 2 |
| Dorilton Ventures | 2 |
| Northstar Ventures | 2 |
| Rhapsody Venture Partners | 1 |
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