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This conversation discusses the launch of the Cretech Climate Venture Coalition and the goals of the coalition in decarbonizing the built environment. The panellists, representing venture firms Building Ventures, PiLabs, and JLL Spark, share their investment strategies and criteria for climate tech startups. They emphasize the importance of founder-market fit, scalability of solutions, and the ambition of the founding teams. The conversation also highlights the significant problem of carbon emissions in the built environment and the need for innovative solutions to address it. The conversation explores the investment criteria, sourcing and traction, meeting market demand vs. moonshots, scale and speed of deployment, the importance of sustainability, the opportunity for venture capital, optimism and hope, supporting portfolio companies, and climate risk and investment.

Takeaways:
- The Cretech Climate Venture Coalition aims to facilitate deal flow between climate tech startups and venture firms that are already investing in the space.
- The built environment is responsible for 40% of carbon emissions, making it a crucial area for decarbonization efforts.
Venture firms like Building Ventures, PyLabs, and JLL Spark are actively investing in startups that focus on sustainability and decarbonization in the built environment.
- Investment criteria for climate tech startups include founder-market fit, scalability of solutions, and the ambition of the founding teams. -
- Corporate venture funds look for nimble and innovative startup founders who can provide solutions that may not flourish within a corporate ecosystem.
- Investors prefer solutions that have already gained traction with enterprise customers or institutions.
- There is a need for both solutions that can meet the current market demand and moonshot technologies that can have a transformative impact.
- The scale and speed of deployment are critical in achieving sustainability goals.
- Venture capital plays a crucial role in driving innovation and growth in the climate tech space.
- Support for portfolio companies goes beyond providing capital and includes bringing customers, advisors, and networks to the table.
Climate risk is an important factor in the investment decision-making process.
- There is optimism and hope in the talent and innovation emerging in the sustainability and climate tech sectors.