Clean Growth Fund is a London-based specialist climate tech venture capital firm focused exclusively on early-stage companies developing solutions to reduce greenhouse gas emissions. Founded to accelerate the UK’s transition to net zero, the fund is recognized for its mission-driven approach and its B Corp certification, underscoring its commitment to sustainability and impact.
The firm invests in UK-based startups at the early stages, typically deploying cheques between £500,000 and £5 million. Its focus is on technologies with significant potential to cut carbon emissions, spanning power and energy systems, transport and mobility, industrial decarbonisation, buildings and the built environment, agrifood and land use, and the circular economy.
In August 2025, Clean Growth Fund announced the first close of its second fund at £49 million, with a final target of £150 million. Investors in the fund include UK pension funds such as Strathclyde Pension Fund, Islington Pension Fund, and East Riding Pension Fund. Fund II continues the firm’s strategy of backing climate tech companies that combine technological innovation with measurable carbon reduction.
The vehicle is structured to scale portfolio companies addressing key bottlenecks across the UK’s net zero strategy, with a particular emphasis on providing follow-on support for high-potential ventures.
Leadership
The firm is led by Beverley Gower-Jones, Managing Partner, alongside a seasoned team with deep expertise across climate, finance, and technology. The leadership has worked together for many years, offering a blend of technical insight and commercial acumen essential to backing and scaling impactful climate solutions.
Investment Strategy
Clean Growth Fund applies a hands-on approach, combining patient capital with strategic and technical support. Its strategy is to identify ventures at the intersection of breakthrough innovation and measurable carbon impact, and to support them through the early commercialisation journey. By leveraging both its financial expertise and sector-specific knowledge, the fund helps climate tech companies achieve scale while driving progress towards net zero.
Notable Investments
From its first fund, Clean Growth Fund invested in 19 climate tech startups.
These include:
Notable Exits
As a relatively young fund, Clean Growth Fund has not yet announced notable exits, with most portfolio companies still in scaling phases.
Other
Clean Growth Fund is one of the few specialist UK venture capital funds dedicated entirely to climate tech. Its B Corp certification signals a commitment not only to financial performance but also to governance and impact standards. With a strong institutional LP base including pension funds, CGF provides credibility and long-term support for founders working on decarbonisation.
