Virgin Green Fund

About: The Virgin Green Fund has been established to invest in companies in the renewable energy and resource efficiency sectors, primarily in the United States and Europe. Virgin Green Fund is a sector-focused, multi-stage investment firm investing primarily in expansion/growth capital opportunities with offices in London and San Francisco. Diversification is a cornerstone of the strategy. The Fund has been launched with the backing of the Virgin Group, one of the best known investment and operational firms in the world.

www.virgingreenfund.com

Key Personnel:
Shai Weiss, Partner
Anup Jacob, Partner
Evan Lovell, Partner

Portfolio:
Renewable Energy
Gevo, Solyndra, Odersun
Resource Efficiency
Metrolight, Wildcat Discovery Technologies, DuraTherm, Seven Seas Water, GreenRoad

News: In June 2009, Metrolight Ltd., leading provider of electronic ballast solutions for energy efficient lighting, announced the appointment of Zvi Segal as a Chief Executive Officer. In parallel, the company closed an additional fund raising of about $3 Million from Metrolight major shareholders including Virgin Green Fund, Gemini Israel Funds, Israel Cleantech Ventures and other investors founders and private angels.

In previous blog, it has been mentioned about GreenRoad securing $15m in additional financing from DAG Ventures, Benchmark Capital, Virgin Green Fund, Amadeus Capital and Balderton Capital in May 2009.

An article on Shai Weiss here where it mentions that Virgin Green Fund has raised in excess of $200 million – including a $100m injection from Sir Richard Branson – to invest in renewable energy technology and energy efficiency sectors. It has so far invested 60 per cent of its pot in nine companies. Yet Mr Weiss says the fund’s biggest achievement to date was managing to change Virgin’s famously red logo to green.

In April 2009, Gevo announced that a major oil and gas company, Total, has invested in the series D round of the advanced biofuels company. Gevo is commercializing technology for the cost effective production of renewable, fungible hydrocarbons such as gasoline blendstocks, renewable jet fuel and renewable diesel blendstocks. In addition to fuels, Gevo’s technology enables the production of a wide variety of chemicals and plastics such as polyacrylates and PETE from renewable resources. “To have one of the world’s largest oil and gas companies invest in Gevo is significant validation of the potential of our technology and products” stated Dr. Patrick Gruber, CEO of Gevo, Inc. “Total adds to the strength of our already strong syndicate of Khosla Ventures, Virgin Green Fund, Burrill & Company, and Malaysian Life Sciences Capital Fund.”

virgin green fund

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