The Week’s Agent of Impact

Dawn Lippert, Elemental Excelerator and Earthshot Ventures. Dawn Lippert is closing capital gaps at both ends of climate tech funding. For more than a decade with Elemental Excelerator, Lippert has been plugging the capital gap for early-stage startups building for communities on the front lines of climate change. With Earthshot Ventures, her new $60 million venture capital fund, Lippert is mobilizing commercial and institutional capital to take those solutions to scale in every community. Most “climate technology has to be deployed in location,” Lippert told ImpactAlpha. That means listening not only to technical experts and investors, but to community members, nonprofits, local utilities and regulators. “That’s the understanding of the ecosystem that's required to get projects in the ground.” The strategy, Lippert says, makes Elemental and Earthshot “responsive to community needs, but also better investors.”

The Week’s Big 7

1. Catalytic climate capital. Climate financing could top $1 trillion this year, but significant gaps remain in early-stage innovation, late-stage commercialization, project financing and climate justice. Prime Coalition aims to fill an “idea-to-impact gap” for capital-intensive startups. Breakthrough Energy Catalyst has raised more than $1 billion for "nontraditional traditional blended finance" to accelerate commercialization and drive down costs for key climate solutions. The LEAF Coalition, for Lowering Emissions by Accelerating Forest Finance, aims to mobilize at least $1 billion to pay countries and states to protect their forests. More.

The Week’s Dealflow

Spotlight: Women Rising. Underfunding Black women innovators has left social and environmental solutions on the table. New York-based Echoing Green is partnering with Goldman Sachs’ One Million Black Women initiative to create fellowships for Black women social entrepreneurs focused on education, healthcare, workforce development, financial inclusion and climate justice. “Giving Black women a platform to invest in their ideas is essential to closing opportunity gaps,” said Goldman’s Asahi Pompey.

The Week’s Talent

Tessa Flippin, formerly of Chicago’s TechNexus Venture Collaborative, has launched Capitalize VC to empower diverse entrepreneurs and investors… John McKinley, ex- of Dartmouth’s Tuck School of Business, rejoins BlackRock as managing director of governance and sustainability policy… Melinda Wright, ex- of Walton Family Foundation, joins Cambridge Associates as global head of diversity, equity and inclusion… Rick Hampson, ex- of Citizens Bank Michigan, joins Arctaris Impact Investors as a principal to expand the firm’s ESG and impact investing practice in Ohio and Michigan. 

The Week’s Jobs

CDC is hiring a director for capital solutions in London… Candide Group is looking for a portfolio manager for its Olamina Fund… Visa seeks a director of social impact stakeholder engagement and content creation in San Francisco… Aceli Africa is hiring a senior associate in Dar es Salaam, Tanzania… Societe General is recruiting a CSR and sustainability analyst in Singapore… Also in Singapore, McKinsey seeks a sustainability insights manager… M25 is looking for an analyst in Chicago… Fidelity Foundations is hiring a regional program officer in Boston… PwC seeks an ESG deals director in Austin.

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