October Week 1, 2023: In this monthly series, we highlight 5 climate tech startups to watch by featuring the incredible companies and projects that they are leading to fight climate change.
Each month, we add these startups to our running list, which we have categorized based on fuel emission sector data from the most detailed, recent data SBC could identify from the World Resource Institute in 2016.
This initiative from Startup Basecamp aims to support founders by giving them access to networking and exposure opportunities that help them to scale and finance their climate tech solutions.
Do not hesitate to join our collective movement by requesting your membership.
With care,
Guillaume and the SBC TEAM
Waste (water & landfills)
1. Freshflow
Founded: 2021 – Berlin, DE
Founders: Avik Mukhija and Carmine Paolino
Elevator Pitch: AI-powered food supply chain solutions for retailers. Minimise food waste and maximise your profits.
Problem they solve: For grocers, ordering the right amount of fresh products is incredibly hard. Freshflow’s AI gives fresh departments superpowers, placing the perfect order for every product every day.
Impact: Stockouts kill revenues. Waste kills margins. Placing the perfect order means hitting the fine balance between the two, every single day. Freshflow’s AI does just that. It considers local events, the weather, shelf lives and dozens more factors.
Stage: Seed.
Interested in Freshflow? To learn more about their technology or get in touch, click here.
GHG Capture, Use, and Storage
2. AirMyne
Founded: 2022 – Berkely, CA, USA
Founders: Sudip Mukhopadhyay and Mark Cyffka
Elevator Pitch: AirMyne is building a scalable approach to Direct Air Capture. Using DAC to remove large quantities of carbon dioxide from the atmosphere will require pragmatic engineering with a laser-focus on designing processes that are energy-efficient, and can be built using existing supply chains and infrastructural partners.
Problem they solve: Dangers associated with historic carbon dioxide in the atmosphere.
Impact: Dramatic high volume (industrial scale) removal of existing carbon dioxide from the atmosphere.
Stage: Seed.
Interested in AirMyne? If you are interested in learning more, see here.
Cross-cutting enablers
3. Hydrogen Mem-Tech
Founded: 2017 – Trondheim, NO
Founder: Thomas Reinertsen
Elevator Pitch: Clean, compact & competitive hydrogen technology.
Problem they solve: Producing sustainable, cost-efficient and safe hydrogen is a complex challenge. Their technology is leading the way.
Impact: The race is on to build a new low-carbon economy through smart, new technological solutions. They are delighted to be in a position to deliver their compact and cost-effective hydrogen technology to businesses large and small worldwide.
Stage: Pre-Seed.
Want to learn more about Hydrogen Mem-Tech? To learn more about their technology, click here.
GHG Capture, Use, and Storage
4. Kita
Founded: 2021 – London, UK
Founders: Natalia Dorfman and Thomas Merriman
Elevator Pitch: Kita is a carbon insurance specialist. Their mission is to enable high-quality carbon projects to scale by offering a portfolio of insurance products that reduce carbon risk. Reduced risk in carbon credit transactions leads to greater flows of upfront capital and accelerates the pace of positive climate impact.
Problem they solve: By bridging the insurance and carbon markets, they offer a bespoke portfolio of carbon insurance products that act as a stamp of confidence to carbon projects and buyers of carbon credits.
Impact: As insurance becomes the norm for carbon credit transactions, their products help you to act now to begin making a positive difference to climate change. They help reduce the risks, generating more confidence in the sector and leading to more investment, more high-quality carbon projects and a more robust and effective carbon market.
Stage: Seed.
Interested in Kita? To learn more about this company, see here.
Industry (chemical and cement)
5. Furno Materials
Founded: 2020 – Palo Alto, CA, USA
Founder: Gurinder Nagra
Elevator Pitch: They make cement agile, scalable and carbon neutral.
Problem they solve: High capital expenditures and operational expenditures of cement production.
Impact: At Furno, they believe building the future shouldn’t cost our future, which is why they are developing the world’s first nimble, modular, and carbon-neutral cement plant that scales with immediate need rather than capital-intensive demand twenty years from now.
Stage: Seed.
Interested in Furno Materials? If you are interested in learning more, see here.
Do you know of other startups we should include in our Startups to Watch Series? Submit to our list!
How do these startups fit in with all the others we have looked at?
Check out our running list of the 400+ climate tech startups to watch we have featured.
