Active Impact Investments led the round for the Victoria-based company, which offers a software platform to help companies choose locations for clean energy projects, particularly hydrogen. Thin Line Capital, KDX and Keiki Capital also participated. (The Logic)
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Active Impact Investments led the round for the Victoria-based company, which offers a software platform to help companies choose locations for clean energy projects, particularly hydrogen. Thin Line Capital, KDX and Keiki Capital also participated. (The Logic)
Talking point: Othersphere CEO Robert Murphy was previously a fellow at Breakthrough Energy, an organization that houses a Bill Gates-founded energy grant program that had provided initial capital to develop the company’s technology. The company has also previously received funding from Google for Startups and Canada’s Industrial Research Assistance Program (IRAP). With the money from its latest raise, Othersphere told BetaKit it hopes to launch a full product for its proof of concept by early 2024. The fundraise comes as cleantech companies have largely bucked the trend of a broader slowdown in venture capital investing, aided by tightening ESG rules and concerns over climate change.
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