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Investor Highlight: Y Combinator’s Green Wave

Investor Highlight: Y Combinator’s Green Wave
April 5, 2022

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According to the latest UN report on the climate crisis, society has the solutions if only politics weren't standing in the way. As just one example, wind and solar are now economically viable alternatives to fossil fuels (not even factoring in any estimated costs of climate disaster). Today, we're looking at the climate tech solutions currently in the pipeline.

Y Combinator, the Silicon Valley accelerator that has incubated numerous household names, can reliably tell us a lot about where venture capital is heading. The firm's latest cohort features a record 29 climate-related startups despite climate-specific accelerators' arguable expertise in climate tech.


                                                                    Via Climate Tech VC.

In a side-by-side comparison of climate tech investments from the general market vs. YC's investments in its latest cohort, prepared by Climate Tech VC, the YC Winter '22 batch emphasized industrial and carbon-related startups. These startups include Carbon Crusher, a carbon-negative roads startup, and AirMyne, an API to carbon capture at an industrial scale.

Gigacorns take off
YC may pride itself on its alumni of unicorns, but the accelerator has also created numerous "gigacorns," i.e., companies that have sequestered or lowered carbon emissions by one gigaton while remaining economically viable. These gigacorns include carbon capture company Pachama and Living Carbon, a genetically-enhanced carbon capture through trees.

IT Exodus
Tech workers in Russia face interrogations, software outages, and other issues.
[TechCrunch]
Tax updates coming for crypto
Biden seeks $11BN in new taxable income by modernizing asset class rules.
[Axios]

 
Since last week, PrivCo has added:
31,413 Companies | 277 Funding Activities | 146 M&A Deals

Funding & Deal Highlights:

 

Adaptive Phage Therapeutics raises $20MM from AMR Action Fund

Biotechnology • Round B • Gaithersburg, MD
 

CreatorUp raises from Gaingels

Content Creators • Equity • Los Angeles, CA
 

ProofPilot raises $12MM from Mitsui & Co. 

SaaS • Round B • New York, NY 
 

LinkSquares raises $100MM from G Squared

AI • Round C • Boston, MA
 

Hadrian raises $90MM from Lux Capital Management 

Manufacturing • Round A • Hawthorne, CA
 

MycoTechnology raises $85MM from Oman Investment Authority 

Ingredients • Round E • Aurora, CO
 

Stylitics raises $80MM from PSG

AdTech • Round C • New York, NY
 

JD Property raises $800MM from Hillhouse Capital

Infrastructure • Round B • Jiangsu, China
 

Entropy raises $300MM from Brookfield Renewable Energy

Energy • Equity • Calgary, Alberta
 

Soterea raises ¥1.3 BN from Ping An Capital

AI • Round B • Tianjin, China
 

ID Logistics acquires Kane Logistics

Supply Chain • Acquisition • Scranton, PA
 

The Granite Group acquires United Plumbing Supply 

Distribution • Acquisition • Springfield, MA

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