New Climate Ventures

New Climate Ventures is an early-stage venture capital firm based in Houston, Texas, specializing in investments that drive decarbonization across hard-to-abate sectors and the broader global economy. The firm targets innovative startups developing technologies for carbon reduction and avoidance, particularly in sustainability, clean technology, energy, food and agriculture tech, and climate tech. It adopts an active, diversified investment strategy, providing not only capital but also hands-on operational support, mentoring, team-building assistance, and access to a global network of investors, startups, and corporations to accelerate founder success. Founded in 2021, New Climate Ventures was established by Matthew Bennett Arnold, who serves as Founder and General Partner. Arnold brings extensive experience from roles at Solid Biosciences, W8 Ventures, Constellation, Enron, and ICF, encompassing expertise in energy, commodities, climate, technology, finance, regulatory affairs, market analysis, and investing. The firm's thesis centers on a new industrial renaissance powered by scalable emerging technologies that deliver resilient, efficient, clean, affordable, and secure solutions, turning waste into resources and enabling local supply chains without disrupting lifestyles. The firm has executed 24 investments to date, spanning pre-seed to Series B rounds, with notable recent deals including an $8M Seed VC-II in Copernic Catalysts (November 2024), a $30M Series A in Mantel (September 2024), and a $2M Series B-II in Mirico (June 2024). It has also seen one portfolio exit with the acquisition of Atmos AI in February 2024. New Climate Ventures co-invests alongside prominent players like Engine Ventures, bp Ventures, and Breakout Ventures, demonstrating its integration into the climate tech ecosystem. The team's deep domain knowledge enables long-term partnerships with entrepreneurs, offering guidance from inception through growth. While maintaining a small team of 1-10 members, the firm emphasizes perseverance and disruptive innovation to empower startups tackling climate challenges.