First Investments from Shared Future Fund
Fresh off the heels of announcing the Shared Future Fund, we are excited to share its first batch of investments and partnerships.
As a refresher, the goal of Shared Future Fund is to provide catalytic funding and useful resources to early-stage entrepreneurs working to solve the global climate crisis.
Towards that end, we’ve decided to work with a few partners that foster the type of innovation and breakthrough we look to support. First, we teamed up with Y Combinator to offer funding to every climate-focused company in its Winter ‘22 cohort. See graphic below for a sample of companies we’ve backed thus far.
In addition to supporting Y Combinator climate-focused companies, we’re delighted to announce our partnership with Activate. Beginning this June, Shared Future Fund is offering investment to every 2021 and 2022 Activate Fellow.
Prior to launching Shared Future Fund, Collaborative invested in several companies founded by Activate Fellows, including Brimstone and Noon Energy. Both of these companies prove the quality of the fellowship through their amazing work aiming to make the scientific breakthroughs necessary to getting to net zero and beyond.
“It is hard to overstate the transformational impact that Activate and Collaborative have had on Brimstone’s journey. Activate gave us a lab and money and time at a critical point where no one else in the system would have, allowing us to plant the seed of the company we have today. Then Collaborative, with their unique approach to VC, gave us a game-changing injection of capital when, again, few people would have taken that type of risk on us. The idea of Activate and Collaborative working together funding more companies like Brimstone makes me beyond stoked for the future of climate. LET’S DO THIS!” —Cody Finke, Cofounder & CEO of Brimstone
Core to the thesis behind Shared Future Fund is being able to rapidly identify entrepreneurs working on solutions to urgent problems. Y Combinator and Activate have proven to be effective launchpads for this programmatic fund and we’re thrilled to support the climate-focused startups coming through their doors.
In 2022, we aim to make 100 investments of $100,000 within 10 days of each successful application and we are off to a fast start. If you are interested in learning more, applying for funding, or contributing to the program, please visit sharedfuture.xyz or DM us on Twitter @sharedfund.