Haynes and Boone, LLP has represented Zero Carbon Capital in the closing of its £20m fund, Zero Carbon Capital 2022 LP (the “Fund”).
This is Zero Carbon Capital’s first institutional fund, focusing on investing in pre-seed and seed-stage companies that are developing scientific solutions for decarbonisation.
Investors in the Fund include Isomer Capital, Bunge Ventures, Green Future Investments and Extantia, who all share Zero Carbon Capital’s mission to tackle the planet’s most pressing environmental challenges.
The Haynes Boone Investment Management Team representing Zero Carbon Capital was led by London Partners Karma Samdup and Ronan McCann and Associate Mina-Marie Doherty.
“Thank you to all the Haynes Boone team for supporting us throughout on all aspects of this fund-establishment process. The team is a pleasure to work with, and we value their breadth of experience in the venture capital space. We were very impressed with the nuanced, always timely and practical advice received. We look forward to continuing to work with the Haynes Boone team going forward”, said Pippa Gawley, Founder and Managing Partner.
“The Zero Carbon Capital team are fantastic clients of ours, and we hugely enjoy working with them. It was a pleasure to support them through the process of fund structuring, investor negotiation, team incentivisation and downstream investments, and we very much look forward to working with them going forward,” Samdup said.
“We are thrilled to have supported the Zero Carbon Capital team on this fund establishment. Throughout our time working with them, they have secured a very impressive and diverse group of investors, assembled an impressive team and made investments in some fantastic companies. We have no doubt that the Zero Carbon Capital team is perfectly positioned to support early-stage companies grow to their full potential in such an important space,” McCann said.
The Haynes Boone Investment Management Group advise on a wide range of investment fund-related work, including the launch of new closed-ended funds and the creation of investment management businesses, carried-interest schemes, co-investment opportunities and limited-partner advisory mandates.