They say the first million is the hardest
We are so excited to share that we recently crossed one of many major milestones to come—our portfolio companies have now mitigated a collective one million tonnes of carbon dioxide equivalent emissions. On Feb. 13 our whole team hosted ~50 investors and four local founders at our second in-person Annual General Meeting (AGM) on Grouse Mountain and we used this important milestone as the theme of the event. Investors flew in from Toronto, Montreal and Ottawa (representing our largest institutional investors) to see presentations from our team on 2023 performance, learn about the macro VC and climate tech market from RBCx and see what founders from Clir, Railvision and Othersphere are building.
Funds are expected or required to hold AGM’s, but like everything we do, we first satisfy the need but then always try to add elements of surprise, personality, togetherness and joy. Our 32-company portfolio (including four exited) provides a model of how early-stage companies can drive meaningful climate progress and venture scale. In the global scheme of things, one million tonnes of CO2e is tiny, but we’re just hitting our stride and these companies (and many more like them) have millions more tonnes of potential in their near future.
