venture-capital

Venture Capital (125)

impact-investment

Impact Investment (25)

corporate

Corporate (4)

family-office

Family Office (2)

asset-management

Asset Management (41)

portfolio-management

Portfolio Management (3)

endowment

Endowment

foundation

Foundation

equity

Equity (1)

venture-debt

Venture Debt (5)

revenue-based-sharing

Revenue Based Sharing

invoice-factoring

Invoice Factoring

crypto

Crypto (1)

startups

Startups (81)

funds

Funds (2)

limited-partner

Limited Partner (3)

co-investment

Co-Investment (2)

technology

Technology (9)

artificial-intelligence

Artificial Intelligence (17)

deep-tech

Deep Tech (3)

climate-tech

Climate Tech (2)

Aviva Investors, the asset management arm of insurance giant Aviva, has received regulatory approval to launch a £250 million venture capital fund focused on climate technology startups. The fund, named Climate Transition Venture Capital Fund, aims to invest in early-stage companies developing innovative solutions to combat climate change.&nbsp;&nbsp; The initiative is being spearheaded by Mark Versey, CEO of Aviva Investors, who has been instrumental in driving the firm’s sustainability-focused agenda. Daniel McHugh, Chief Investment Officer for Real Assets, is playing a key role in shaping the fund’s strategy, leveraging his expertise in sustainable investments. Mirza Baig, Chief Sustainable Investing Officer, is also contributing to the fund by ensuring it adheres to strict environmental, social, and governance (ESG) principles.&nbsp;&nbsp; The Climate Transition Venture Capital Fund will target investments in areas such as clean energy, sustainable transport, and carbon removal technologies. This aligns with Aviva’s broader commitment to achieve net-zero carbon emissions by 2040. Mark Versey emphasized the fund’s importance in supporting the transition to a low-carbon economy while fostering innovation in climate-focused ventures.&nbsp;&nbsp; This move reflects the growing trend of institutional investors allocating capital to climate technology and reinforces Aviva’s leadership in sustainable investing.OpenAI has taken a bold step in making artificial intelligence more accessible by integrating ChatGPT with WhatsApp and launching a phone service. This move brings the popular AI chatbot to billions of users through familiar communication channels. WhatsApp users can now chat with ChatGPT by simply adding a designated phone number to their contacts. To get started, open WhatsApp, add a new contact with the number +1 800-242-8478 (which spells out 800-CHATGPT). Save the contact as "ChatGPT" or any preferred name, and you're ready to start a conversation. For those in the United States, OpenAI has introduced a toll-free number (1-800-ChatGPT) that allows voice conversations with the AI assistant. This service offers 15 minutes of free interaction per month for anyone dialing from a US number, making AI engagement as simple as making a phone call. While the WhatsApp version comes with some limitations - it only supports text conversations, has a knowledge cutoff date of September 2021, and can't be added to group chats - it provides a straightforward way for users to experience AI without needing to create an OpenAI account. To use ChatGPT on WhatsApp effectively, keep your messages clear and concise for better responses. You can ask follow-up questions or request clarifications in the same chat thread. Remember that there may be daily message limits, although the service is free to use. This expansion is part of OpenAI's broader strategy to reduce barriers to AI adoption and showcase its potential to a wider audience. By leveraging familiar platforms like WhatsApp and traditional phone calls, OpenAI aims to make AI technology more approachable and less intimidating to the average user. As AI continues to evolve and integrate into our daily lives, initiatives like this play a crucial role in democratizing access to advanced technologies. While the current offering is described as experimental, it represents a significant step towards making AI a more common and accessible tool for people around the world.---Join the Future of Venture Capital Investing with Newnex <a href="https://www.newnex.io/edit/blogs/www.newnex.io" rel="noopener noreferrer" target="_blank">Newnex</a> is redefining venture capital by fostering collaborative and private investing and fundraising between VCs (GPs), Limited Partners (LPs), and Startups. Newnex simplifies syndication and co-investment for institutional investors, with a mission to connect 5,000+ VC and LP firms and 100,000 venture scale startups on a trusted platform for seamless, reference-only private deal-making. Join Newnex for free <a href="http://www.newnex.io/" rel="noopener noreferrer" target="_blank">www.newnex.io</a>

Aviva Investors to launch £250m Venture Capital Fund for Climate Tech Startups

The 29th Conference of the Parties (COP29), held in Baku, Azerbaijan, concluded with significant progress in climate finance and carbon markets. However, critical issues like fossil fuel transition and adequate funding remain unresolved, emphasizing the complexities of global climate action. The outcomes of COP29 present both opportunities and challenges as the world grapples with the urgent need for sustainable solutions. Enhanced Climate FinanceDeveloped nations pledged $300 billion annually by 2035 to support developing countries, with a broader goal of mobilizing $1.3 trillion annually by the same year. These commitments mark a step forward in recognizing the scale of investment required for effective climate action. Yet, developing nations argue the funding still falls short of the $1.3 trillion annually they need now to address climate impacts adequately. Breakthrough in Carbon MarketsAfter years of negotiation, COP29 finalized agreements on international carbon credit trading. This mechanism enables countries and companies to trade carbon emission reduction credits, unlocking substantial financial opportunities for developing nations. It also sets the stage for innovation in carbon accounting technologies, including blockchain, which could enhance transparency and efficiency.Persistent Challenges Fossil Fuel DependencyDespite financial progress, COP29 failed to deliver binding commitments to phase out fossil fuels. Resistance from key oil-producing nations, particularly Saudi Arabia, hindered efforts to prioritize renewable energy transitions. This gap underscores the need for stronger measures at future summits, as reliance on fossil fuels remains a major barrier to achieving global climate targets. Equity and Climate JusticeWhile the financial pledges are significant, questions remain about their allocation. Developing nations emphasize the importance of equitable distribution to ensure the most vulnerable populations receive the support they need. Additionally, voluntary contributions encouraged from emerging economies, such as China and Middle Eastern countries, lack enforceability, raising concerns about accountability. Adaptation vs. MitigationA growing divide persists between funding for adaptation—such as climate-resilient infrastructure—and mitigation, including renewable energy projects. Developing nations often prioritize adaptation, but it remains underfunded compared to mitigation initiatives. This imbalance highlights the need for targeted investment to address diverse climate challenges. Investment Opportunities Green TechnologyThe expanded climate finance goals open new avenues for green technologies. Renewable energy, energy-efficient infrastructure, and climate-resilient agriculture are likely to see increased demand, especially in developing countries. Carbon Markets and InnovationsThe formalization of carbon trading creates opportunities for companies specializing in carbon credit mechanisms. Transparent and innovative solutions like blockchain can drive the credibility of this market. Climate Adaptation SolutionsWith adaptation gaining focus, there’s a rising demand for technologies in early warning systems, water management, and climate-resilient urban planning. Sustainable FinanceThe commitments made at COP29 are expected to boost the sustainable finance sector, from green bonds to impact investing, catalyzing private sector engagement in climate solutions. Looking Ahead to COP30 As the world turns its attention to COP30 in Belem, Brazil, expectations are high for stronger action. With the Amazon rainforest—a critical ecosystem—taking center stage, issues like deforestation, biodiversity loss, and indigenous rights are likely to dominate discussions. Additionally, the summit will need to address unresolved issues from COP29, including fossil fuel phase-out strategies and the operationalization of the Loss and Damage Fund. Concrete timelines, accountability frameworks, and enhanced Nationally Determined Contributions (NDCs) will be critical to ensuring meaningful progress.Conclusion COP29 made strides in advancing climate finance and carbon markets but left much to be desired in addressing fossil fuel dependency and ensuring financial adequacy. While the commitments signal progress, they highlight the ongoing challenges in aligning global climate action with the urgency of the crisis. As investment opportunities grow and the stage is set for COP30, the world must balance ambition with action, ensuring no nation is left behind in the fight against climate change.

COP29: Pledges, Progress, and Persistent Challenges in the Climate Fight

Venture Capital Syndication and Co-Investment Platform for Institutional Investors