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Closed Loop Ventures, LP
United States of America
Last updated 12 May 2020, by Impactyield.
Fund geography
Emerging countries (256) / Asia (67) / Western Asia (6) / Israel (2)
Closed Loop Ventures invests in commercializing innovation across the product lifecycle – from material innovation and design to reuse and recycling.
Currently, cities across North America spend billions of dollars to throw away billions of dollars worth of commodities. Recycling this material instead would reduce greenhouse gas emissions, save taxpayer dollars, improve economic development, and create local jobs. There is a need for technology and business model innovation in the waste space to take advantage of this environmental and economic opportunity.
Closed Loop Ventures invests in companies that are ready to commercialize a business that can turn waste from a cost into profit for the public and private sectors. For every ton of waste diverted from landfill and into recycling streams, on average, cities save $50, create 10 jobs and reduce a ton of greenhouse gas emissions.
As the venture arm of Closed Loop Partners, Closed Loop Ventures utilizes our corporate investor base of 10 of the largest CPG and retail corporations, foundation partnerships, municipal relationships, and university affiliations to create competitive advantages for portfolio companies. Examples of how we intend to leverage our network:
• Deal Sourcing
• Due Diligence
• Sales Opportunities
• Potential Strategic Partnerships
• Acquisition Opportunities
• Exit Opportunities
Asset class
Fund status
Fund style
Financial description
Invest, Commercialize, and Scale Innovative Solutions into Profitable Companies that Solve Sustainability Challenges.
Valuation: Pre-money valuation generally up to $10m.
Investment Amount: Typically up to $1m in seed or series A round. Additional amount, typically not to exceed $4m, reserved for future rounds. Additional capital may be made available from co investors and /or affiliated funds for the purposes of achieving scale.
Due Diligence: Investments to be made only after a full diligence process, including seeking out feedback from CLP network of corporate partners and municipalities.
Key criteria include: Financial return on investment, Quantifiable environmental impact, Strong management team, Clear value proposition, Market opportunity, Intellectual property, Competitive advantage.
8 years
of track record
2016
the year funded
50,000,000 USD
AUM
Interested in this fund?
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Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Closed Loop Partners
Headquarters location: United States of America
Other funds managed by this asset manager: Closed Loop Fund IIClosed Loop Fund I
Key performance indicators
Fund overview
Asset manager: Closed Loop Partners
Product track record: Fund has 8 years of track record
Target IRR: 15%
Committed Capital: 0 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - committed capital
Style/Stage: Early Stage, Seed Stage
Inception year: 2016
Vintage year: 2015
Target region: Asia, Emerging countries, Israel, Western Asia
Target close date: n.a.
Product term: 10
Assets under management: 50,000,000 USD (US Dollar)
Investment size: Min: 250,000; Max: 5,000,000; Avg: 2,000,000
Co-investment policy: LPs have priority, With LPs and non-LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 3
Fund investments to date exited or repaid: 0
Management fee: 2%
Carried interest: 20%
Hurdle rate: 8%
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Endowments/Foundations, Family Office
Contact
E-mail: n.a.
Phone number: 8023380368.00
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Impact Performance
n.a.
Impact thesis
As the venture arm of Closed Loop Partners, CLV targets early-stage investment opportunities that commercialize innovation across the product lifecycle – from material innovation and design to reuse and recycling.
Leveraging systemic insights from Closed Loop Foundation and relationships from Closed Loop Fund, Closed Loop Ventures is uniquely positioned to source, diligence, and exit from investments that build the circular economy and deliver strong financial and environmental returns.
Impact Management
n.a.