Norwegian Ministry of Foreign Affairs

About the fund

SCALE (Systemic Capital for Adaptation Localization and Expansion) is a blended finance vehicle that provides equity, debt, and technical assistance to companies developing climate adaptation solutions. The fund builds upon Lightsmith Group's established expertise in resilience and adaptation, leveraging insights from their assessment of over 100 startups in this sector. SCALE primarily targets early-stage venture capital opportunities, including seed and Series A rounds, focusing on businesses that address climate resilience challenges. With $3 million raised to date, the fund strategically deploys capital across multiple financing instruments to support the growth and localization of adaptation technologies. SCALE's investment thesis centers on building systemic resilience to climate impacts while generating returns from an emerging market segment.