Impact investors are getting together to start to fill the gap in early-stage climate solutions.
The PRIME Coalition, Closed Loop Ventures, and members of Investors’ Circle funded a $1.2 million seed round for Rebound Technologies in Denver.
The company claims its food speed-freezing technology uses 40% less energy than traditional refrigeration equipment. That could help cut some of the 60 million tons of food wasted in the U.S. each year.
For PRIME, the investment represents the fifth proof point for the nonprofit’s model to mobilize philanthropic investments for early-stage climate solutions. (See: “ARPA-E primes the pipeline of climate solutions with early-stage investments“)