Venture capital fund · 4 deals
U.S. VC firm investing in Australian startups
New York, OS
Every published round Lowercarbon Capital took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Living Carbon | Series A | Oct 2023 | US$21m (A$32.5m) | Participant | TechCrunch Australia, Crunchbase News | |
| Novalith | Series A | 21 Apr 2023 | $23m | Lead | Forbes Australia, SmartCompany (21 Apr 2023), Virescent Ventures, SmartCompany (18 Apr 2023) | |
| Loam | Series B | 16 Feb 2023 | $105m | Lead | Startup Daily (21 Apr 2023), SmartCompany (17 Feb 2023), SmartCompany (16 Feb 2023), Startup Daily (14 Feb 2023) | |
| Loam Bio | Series B | 13 Feb 2023 | $105m | Lead | AgFunderNews (3 Apr 2024), AgFunderNews (28 Dec 2023), TechCrunch Australia, SmartCompany (22 Dec 2023), SmartCompany (3 Nov 2023), Crunchbase News, SmartCompany (18 Oct 2023), SmartCompany (17 Oct 2023), Startup Daily, SmartCompany (18 May 2023), Forbes Australia, Main Sequence, AgFunderNews (16 Feb 2023), @AuManufacturing, Virescent Ventures, AgFunderNews (13 Feb 2023), Main Sequence Ventures portfolio |
Companies Lowercarbon Capital has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Living Carbon | Creates photosynthesis-enhanced trees to capture carbon | Oct 2023, Series A | 1 | 0 |
| Loam | 16 Feb 2023, Series B | 1 | 1 | |
| Loam Bio | Agtech company developing microbial soil-carbon technology and farmer carbon projects | 13 Feb 2023, Series B | 1 | 1 |
| Novalith | Investible portfolio company where Gega founders previously worked | 21 Apr 2023, Series A | 1 | 1 |
Fund closes reported for Lowercarbon Capital, as distinct from the investments it has made.
Companies Lowercarbon Capital has backed that another company then bought. An exit for the holding, not a deal Lowercarbon Capital did.
| Name | Role | Sources |
|---|---|---|
| Chris Sacca | Founder | AgFunderNews (28 Dec 2023), Crunchbase News, AgFunderNews (13 Feb 2023) |
Stories naming Lowercarbon Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Mobility newsletter roundup: Uber's robotaxi deal with Rivian, Nvidia's automaker partnerships, Advanced Navigation's Series C, other startup raises, and acquisitions including Amazon's purchase of robotics startup Rivr.
A data review of 2023's ten largest Australian agrifoodtech raises, topped by Loam Bio's US$73.2 million Series B, showing funding down 33% as capital concentrated in upstream climate-mitigation startups.
A year-end countdown of 2023's twenty largest agtech funding rounds, from biofuels and carbon marketplaces to farm robotics, with EcoCeres' $400 million raise at the top.
Also AgFunderNews
Feature on Australia's fast-growing climate tech sector, recounting raises at companies including Neara, Loam Bio, Goterra and Great Wrap, and warning that scarce growth capital and limited foreign investment could stall the industry.
AgFunder's Asia-Pacific investment analysis finds agriculture-focused biotech surged in 2022, with China and India ahead, while Australian soil-carbon firm Loam Bio landed a sizable round in 2023.
Also AgFunderNews
Crunchbase data analysis ranking the busiest cleantech investors, led by Lowercarbon Capital, and citing large sustainability rounds at Loam Bio, Our Next Energy, Ohmium and Palmetto Clean Technology.
Weekly agrifoodtech roundup: robotics and agtech companies across several countries raised funding, Grit Road Partners closed an $11 million fund, John Deere acquired Smart Apply, and new partnerships included BeeHero entering Australia.
Weekly agrifoodtech digest: several venture raises including Uncommon's Series A, Bunge's agreed Viterra purchase, FreshRealm taking over Blue Apron, Nextbite sold, Meatless Farm ceasing trade, and American label approvals for cultivated chicken.
Also TechCrunch Australia
Weekly agrifoodtech roundup reporting funding rounds for Pluton Biosciences, FLINTpro, eFishery and others, a first close by Big Idea Ventures' fund, Wicked Kitchen's acquisition of Current Foods, plus partnerships and launches.
Also AgFunderNews·AgFunderNews
Weekly roundup reporting me&u's Series C, several agrifoodtech fundraises across Europe, Danone's stake in Imagindairy, Remilk's Israeli approval, plus partnerships, launches and layoffs.
A weekly roundup reporting seven Australian startups that together raised more than $66 million, including Novalith, Propeller, Cortical Labs, Waave, Restoplus, Empiraa and The Very Good Bra.
Weekly agrifoodtech roundup reporting numerous funding rounds including Loam Bio's Series B and SwarmFarm's Series A, plus partnerships, OrderEZ acquiring FoodRazor, and vertical farming expansion into the Middle East.
Also SmartCompany
Agtech startup Loam has raised a $105 million Series B co-led by Lowercarbon Capital and Wollemi Capital, following a $40 million Series A, to commercialise its soil-carbon technology.
Weekly agrifoodtech roundup: funding for FoodByUs, New School Foods, BloomX and others, acquisitions by CropX and Growy, plus layoffs at Impossible Foods and Glovo.
Also AgFunderNews·AgFunderNews