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Low Carbon Innovation Fund (LCIF) is a venture capital fund providing equity finance to small and medium-sized enterprises. It invests in East of England businesses developing and deploying low carbon technologies. LCIF utilizes a co-investment model, partnering with private investors to channel capital into innovative, sustainable solutions.
Established in 2010, the Low Carbon Innovation Fund originated to stimulate environmental innovation. Funded by the European Regional Development Fund and overseen by the Ministry of Housing, Communities and Local Government, it operates as a public-private partnership. Turquoise International manages the fund, guiding strategic investment decisions.
LCIF primarily supports early-stage, climate-positive businesses across the East of England, facilitating their expansion and market influence. Its vision is to drive regional economic growth by accelerating the transition to a low carbon economy. The fund cultivates a thriving ecosystem of sustainable innovation, ensuring future environmental and economic benefits.
Key people at Low Carbon Innovation Fund.
Low Carbon Innovation Fund has 2 tracked investments across 2 companies. The latest tracked deal is $2.2M Seed in RideTandem in May 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 3, 2022 | RideTandem | $2.2M Seed | Mark Smith | Ascension, Conduit Connect, Seedrs |
| Apr 1, 2022 | Electric Miles | $1.1M Seed | Blue Lake VC, LOW Carbon Innovation Fund | Vipul Amin |
Key people at Low Carbon Innovation Fund.
