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Climate Innovation Capital operates as a Toronto-based venture fund dedicated to investing in climate-tech innovations. The firm’s core strategy involves identifying and backing scalable technology solutions designed to decarbonize the global economy. They focus on enterprises that not only promise significant reductions in emissions but also demonstrate the potential for substantial financial returns, thereby combining environmental impact with investment viability.
Paul Atkinson co-founded Climate Innovation Capital, leveraging his extensive background as a Canadian tech entrepreneur and investor. The firm was established with the insight that accelerating the profound economic transformation towards a sustainable future presents a significant opportunity to generate superior financial returns. This foundational belief guides their investment thesis, targeting the intersection of environmental necessity and market opportunity.
The fund's primary focus is on high-impact climate-tech startups, which constitute their portfolio companies. Climate Innovation Capital envisions a future driven by these enterprises, fostering global decarbonization and delivering outsized returns to investors. The firm's long-term objective is to propel the transition to a net-zero economy by supporting innovative ventures globally.
Key people at Climate Innovation Capital.
Climate Innovation Capital was founded in 2020 by Nelson Switzer (Managing Partner & Co-Founder) and Kevin Kimsa (Founder & Managing Partner) and Paul Manias (Founder & Managing Partner) and Paul Atkinson (Founder & Managing Partner).
Key people at Climate Innovation Capital.
Climate Innovation Capital has 3 tracked investments across 3 companies. The latest tracked deal is $35.0M Series B in Nofence in September 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 1, 2025 | Nofence | $35.0M Series B | — | Speedinvest, Torkel Engeness, Capagro, Ferd, Momentum, Nysn Climate Investments |
| Apr 15, 2024 | CleanFiber | $28.0M Series B | Spring Lane Capital | Ahlstrom Invest, AXA IM Alts, Yasuhiko Yurimoto |
| Jan 25, 2023 | Kuva Systems | $11.3M Series A | Climate Innovation Capital, Evonik Venture Capital | — |
Climate Innovation Capital was founded in 2020 by Nelson Switzer (Managing Partner & Co-Founder) and Kevin Kimsa (Founder & Managing Partner) and Paul Manias (Founder & Managing Partner) and Paul Atkinson (Founder & Managing Partner).