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Venture Capital Funding for Climate Crisis Relief is Available to Women Entrepreneurs

Venture Capital Funding for Climate Crisis Relief is Available to Women Entrepreneurs

Diversity in ClimateTech Founders (left to right): Madison Savilow, Lisa Altieri, SaLisa Berrien, Martha Montoya, and Dorrit Lowsen

NEW YORK, Nov. 23, 2021/PRNewswire/ – Chloe Capital Cornell UniversityClimate tech innovators are being supported to launch and advance solutions to the global climate crisis. Five women-led companies in climate tech were selected for the Diversity In ClimateTech business accelerator based on their potential impact to pitch and secure business agreements.

The accelerator, which was established in Ithaca, NY, was created to connect women entrepreneurs with investors. Over $500,000Chloe Capital offered investments in order to select underrepresented female founders that are projected to be leaders within the growing sustainable and clean tech industries.

“When we were screening applicants for the program, we noticed some interesting market trends. One, applicants to the program are raising more funds and two, they are generating more sales,” said Kathryn CartiniChloe Capital partner and co-founder. “These metrics show that investors recognize diverse founders in the climate technology sector as having a high quality deal flow. Cartini stated that out of 300+ applicants, five finalists were chosen. These finalists had demonstrated both experience and early success in the niche where their solution was needed.

Dorrit Lowsen is the Co-founder and CEO of Change Finance. The company produces performance-oriented investment products that promote a more just world. $250,000 investment.

Lowsen, who was a member the domestic energy policy committee, understands the urgency to address climate change and clean energy technologies. BeijingDuring the preparation of the Paris Climate Agreement. Lowsen stated, “We believe that investing for good can benefit people, planet and investors–and this idea permeates all aspects of our culture, from the rigorous, rules based methodology that underpins the investment products to the intentionality that we bring to shareholder advocacy.”

Additionally, SaLisa BerrienFounder and CEO COI EnergyRecognized with a $200,000 investment. Berrien has more then two decades of experience in energy efficiency, smart grid optimization and big data analytics. She describes herself as a “climate tech professional who is passionate about leaving the space that she occupies better than it was when she found it.” Berrien says that COI Energy is changing energy by introducing digital energy management. This technology detects and eliminates energy wastage in buildings and recycles it. Machine learning and artificial intelligence are used to predict energy behavior and correct for waste.

Diversity in ClimateTech was launched in 2021. It recruits, educates and inspires women founders at the forefront of climate technology innovation. The accelerator sought to recruit founders with innovative ideas that reduce greenhouse gases, support decarbonization of society, and generally reduce energy consumption.

“Through Diversity in ClimateTech, together, we aim at helping create a more diverse, inclusive environment for women entrepreneurs who are changing the globe through climate tech,” said Elisa M. Miller-Out (Chloe Capital cofounder and managing partner).

Chloe Capital Cornell UniversityWith support from New York StateEnergy Research and Development Authority. This partnership allows founders in the idea or preseed stages to receive support for their businesses and a range of resources. New YorkTo support their progress, the Southern Tier is developing a clean energy system.

“The Diversity in ClimateTech business accelerator program and fundraising program are helping to fuel continued growth in the climatetech industry.” New YorkSouthern Tier,” Katie MacDonaldNYSERDA’s Director Technology to Market. “Congratulations, to all these companies that bring diverse entrepreneurial ideas to the region where they can benefit from New York StateUnmatched clean energy infrastructure and assets.”

Media Contact
Kathryn Cartini
Partner, Chloe Capital
[email protected]
978-225-3288

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About Chloe Capital

Venture capital firm Chloe Capital invests exclusively in women-led technology companies. Chloe Capital not only invests with a gender- and diversity-focused lens, but also partners with foundations, universities, and corporations to host programs that facilitate fundraising efforts for underrepresented founders. This collaborative approach to early-stage investing is what makes the firm unique. Over 15,000 people from all over the globe have joined Chloe Capital’s Movement to #InvestInWomen. ChloeCapital.com

About Cornell’s Center for Regional Economic Advancement

Cornell’sCenter for Regional Economic Advancement, (CREA), is a nonprofit organization that promotes economic growth and diversity in Upstate New York by supporting entrepreneurship and innovation. CREA is focused upon making a measurable difference by supporting and managing a portfolio including Rev: Ithaca Startup Works. Rev’s Hardware Accelerators. Grow-NY. UNY I-Corps. Cleantech Hardware Scaleup. CornellFellowships and accelerators for startups with international focus. CREA.Cornell.edu

SOURCE Chloe Capital

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