Climate IC

Climate Innovation Capital (ClimateIC) is a venture fund dedicated to identifying, funding, and growing commercial innovations that decarbonize and build a more resilient global economy. The firm focuses on mid-stage, cost-competitive climate technology companies that address large-scale inefficiencies, unlock significant business value, and directly reduce carbon emissions. Their investment strategy targets commercially proven, scalable solutions with the potential to reshape entire industries, making them more profitable, resilient, and future-fit.

ClimateIC was founded in 2020 by Paul Atkinson, Kevin Kimsa, and Nelson Switzer with the clear purpose of delivering superior financial returns by accelerating the economic transformation towards a low-carbon, resilient global economy. The firm is a successor fund to ScaleUP Ventures Fund I, an early-stage innovation and technology fund. They leverage their collective experience as entrepreneurs, operators, climate advisors, and investors to source attractive opportunities and enhance the growth prospects of their portfolio companies.

The firm's portfolio spans critical sectors including Buildings, Industrials, Energy & Power, Agriculture & Food, Transportation & Mobility, and Waste, Plastic & Recycling. Notable investments include Skyward, which develops AI-driven lightning mitigation systems to prevent wildfires; Nofence, offering virtual fencing for grazing animals; XGS Energy, focused on high-efficiency geothermal heat exchangers; Manifest Climate, providing AI-powered climate risk planning software; Mysa, which offers high-voltage smart thermostats; and LineVision, a provider of overhead line monitoring for electric utilities. These investments reflect ClimateIC's commitment to technologies that deliver significant decarbonization potential.

The ClimateIC team comprises experienced professionals, including unicorn founders, entrepreneurs, operators, climate advisors, engineers, and investors. Co-founder Paul Atkinson is a prolific Canadian tech entrepreneur with a history of successful ventures and exits. Kevin Kimsa, another co-founder, has a 35-year track record of launching and scaling tech companies, including Solect Technology Group and AudienceView Ticketing. Nelson Switzer, an environmental engineer and sustainability strategist, brings over two decades of experience guiding investors, corporations, and governments on value-creating decarbonization strategies. The team's diverse expertise supports portfolio companies through growth and transition in the climate technology landscape.