Pulse Fund

Congratulations to GlacierGrid for their national partnership with Delta Air Lines! 🛫 As a global leader in aviation safety and sustainability, Delta will be implementing GlacierGrid’s smart cooling technology to protect over $10 billion in high-value food and pharmaceuticals within their Cargo operations. 🥕 🚚 This partnership is set to reduce inventory loss and energy consumption in the transport of 12 million cargo items each year, perfectly aligning with Delta's ambitious commitment to invest $1 billion this decade to become the world’s first carbon-neutral airline. 🌍 Manik Suri

Our portfolio company, Unravel Carbon, was on the front page of Business Times Malaysia. Unravel Carbon provides enterprises with an audited carbon management platform, backed by expert climate guidance, to facilitate their transition to a zero-carbon economy through strategic planning and collaboration. Their platform offers granular and actionable insights, giving you access to data tailored to your business needs. With both spend-based and item-specific carbon conversion engines, you can choose the spend-based engine for quick and scalable baselining or use the granular engine to identify actual reduction hotspots and insights.

Nine companies made it onto The Crunchbase Unicorn Board in September. Interestingly, most of them are from the energy sector. Here’s the complete list of newcomers: 🌱 24M Technologies Sector: Energy What it does: Develops battery products Raised: $87 million Series H Investor: Nuovo Plus Company Limited Total valuation: $1.3 billion 🌱 Twelve Sector: Energy What it does: Produces clean jet fuel Raised: $200 million Series C Investors: TPG, Capricorn Investment Group, Pulse Fund Total valuation: $1 billion 🌱 HIF Global Sector: Energy What it does: Produces clean jet fuel Raised: $20 million Investors: Mitsui O.S.K. Lines, Ltd. Total valuation: $1 billion (total raised in 2024: $220 million) 🤖 Safe Superintelligence Sector: AI What it does: Builds safe intelligence Raised: $1 billion Series A Investosr: Sequoia Capital, Andreessen Horowitz Total valuation: $5 billion 🤖 Sakana AI Sector: AI What it does: Develops foundation models Raised: $70 million Series A Investors: New Enterprise Associates (NEA), Lux Capital, Khosla Ventures Total valuation: $1 billion 💵 Veritas Finance Sector: Fintech What it does: Provides loans for small businesses Raised: $29 million in private equity Investors: Existing investors Total valuation: $1.1 billion 💵 Moneyview Sector: Fintech What it does: Credit platform; acquired Jify for employee benefits Raised: $5 million Investors: Accel in India , Nexus Venture Partners Total valuation: $1.2 billion 🏄♂️ Egym Sector: Fitness What it does: Develops connected gym equipment with health tracking Raised: $200 million Series G Investors: L Catterton, Meritech Capital Partners Total valuation: $1.2 billion 🏡 Rentberry Sector: Property tech What it does: Rental service platform for price negotiation Raised: $90 million Series A Investors: Berkeley Hills Capital, GTM Capital Total valuation: $1 billion

Bloomberg piece today: "There are a lot of Republicans too — in the House, in the Senate, the governors — who are for it from a just purely job-creation perspective in their regions,” Chris Mangieri, a principal at climate-focused venture outfit Pulse Fund, says of Biden’s climate bill."

Feeling energized and inspired after today’s Techonomy Climate NYC event! I had the privilege to moderate a conversation between two incredible panelists, Tenzin Seldon and Justin Winters, where we explored how organizations can drive genuine progress on sustainability promises with measurable impact. Tenzin’s insights were a powerful reminder of how building trust through transparency and open dialogue among different groups is essential if we want to create lasting, meaningful solutions. It was also inspiring to hear Justin’s perspective on reframing the climate narrative to energize individuals and organizations to play their role in building a more sustainable future. At Panasonic, our company tagline is Create today. Enrich tomorrow., inspired by our founder’s guiding vision of making today better than yesterday, tomorrow better than today. I’m so proud of the work our team is doing every day to enrich lives through innovation, contribute to the wellbeing of the planet, and secure a more equitable future for generations to come. Thank you to everyone who joined us for this important discussion. Let’s continue to work together to create a sustainable and inclusive future! #TechonomyClimate

On Monday, Pulse Fund had a chance during the UN General Assembly and #ClimateWeekNYC to highlight our work at the Family Office & Investors Summit. Our Founder & Managing Partner, Tenzin Seldon, highlighted alternative investment opportunities, and Pulse Venture Partner, Rhod Needham, explored Gen Z’s prioritization of green tech across the next decade. This summit is part of a prestigious global series, previously attracting over 1,000 influential family funds and investors, and it focuses on "The DNA of Success in AI, Gaming, and Alternative Capital," setting the stage for the World Economic Forum 2025. Check out the full line-up: https://lnkd.in/gFAvJeir

So much excitement here on the eve of Techonomy Climate NYC! At 10:45am ET tomorrow, September 25, Pulse’s Tenzin Seldon will take the stage with Justin Winters of One Earth and Megan Pollock of Panasonic North America to discuss how to change the perception around impact and climate finance. The conference will showcase ideas and innovations from top minds in technology, business, and environmental science, providing a platform for sharing breakthroughs and strategies to shape a more sustainable and resilient future. Register: https://lnkd.in/ekA5GkCK #ClimateWeekNYC #TechonomyClimate #ClimateFinance #ClimateAction Worth Media Group

Axios reports on Berkeley-based sustainable aviation fuel startup Twelve closing a $645M funding round led by TPG, positioning the company to advance its ambitions in building large-scale SAF production. The financing consists of $400M in project equity and $200M in Series C equity, showcasing investor confidence in Twelve's ability to scale. Author Katie Fehrenbacher highlights how the SAF market's growth aligns with global sustainability trends. Key to this story are Twelve's investors TPG, Capricorn Investment Group, Pulse Fund, and Alaska Star Ventures. https://lnkd.in/e4NQT87t #SpaceTech #SpaceTechnology

"At Pulse Fund we are proud to co-lead this important Series C round alongside TPG Rise Climate and Capricorn Investment Group. Twelve's pioneering CO2 conversion technology represents a significant leap forward in our shared mission to decarbonize industries on a commercial scale. We are confident that this partnership will be instrumental in driving the systemic change required to transition to sustainable fuels, especially within the aviation sector," Tenzin Seldon, Founder and Managing Partner of Pulse Fund. To learn more about Twelve, CEO Nicholas Flanders, and their revolutionary technology, read below. 🚀🛫

Pulse Fund is proud to invest in and support AICrete as they transform the construction industry with AI-powered innovations that drive both economic and environmental outcomes. Parham Aghdasi and the team have paved the way for smarter, cleaner, and more efficient concrete production. This investment highlights pioneering tech that is redefining industry standards.