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The built environment is responsible for nearly 40% of carbon emissions worldwide, according to the International Energy Agency. While a portion of that is from the energy and materials required to construct buildings, the lion’s share — nearly 90% on an annual basis — comes from their use. If it has, in what way?
Co-founder and CEO Afif Khoury says that the new capital — a combination of debt and equity of which Khoury wouldn’t provide a very detailed breakdown — will be put toward mergers and acquisitions, customer success and international expansion.
Let me elaborate on that a bit; as an investor, I’m less enthused by companies looking to raise capital to generate more demand before having some market validation. You need to plan to achieve your targets COVID and a low cost of capital were a tailwind for more technology businesses than we realized. and then budget accordingly.
Now, there’s some extremely capital-intensive businesses where you need buckets of money before that traction is generated, and that becomes harder to finance in downturns. It’s just different in different economicenvironments, it’s never shut, so to speak. The exit value is what drives it all.
based venture firm Accomplice is leading the round, with previous backers Balderton Capital, Ahren, Daphni, and new backer L Catterton also participating. “Given the tough economicenvironment, we wanted to make sure we have the capital to do this. “Zoe’s impact to date has been huge.
But that’s what startup Arena claims to do, fueled by a round of funding ($32 million) led by Initialized Capital and Goldcrest Capital along with Founders Fund, Flexport and a colorful cast of characters, including retired general David Petraeus, Peter Thiel, and Y Combinator CEO Michael Seibel. Image Credits: Arena.
We are also seeing the rise of a green tech startup scene with companies like Commonwealth Fusion Systems, which has raised $2 billion, Form Energy, which has raised $816 million and Boston Metal, which has raised $200 million, as three examples. All of these industries have something in common. Greg Dracon, a partner at.406
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