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BFF Newsletter #3 - April 2020

Get the latest insights from the sustainable energy transition space
Brought to you by Contrarian Ventures

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Dear Friends, Colleagues and Partners,

Constant volatility, daily tracking of COVID-19 development and an influx of significant news certainly does make people and industries forget about the long-term and focus on what's coming in the next few weeks or months. Trust in the prosperous and sustainable future has definitely taken a hit. And without that trust comes reluctance to invest, to build and to think long-term. A lot of the rebuilding will have to be done and it will require a large amount of innovation in technology so we don't take a step back but actually use this opportunity to move forward.

Over the last month we've worked very hard on supporting our companies, have made multiple investments (both follow-on and new) and have also launched a few initiatives. Please take a look at those below and let us know if you would like to learn more.

Contrarian Ventures Team

 2019 Market Trends in VC and Cleantech

For our April Newsletter, we decided to share the Contrarian Ventures Annual Market Trends Report for 2019, where we have compiled interesting insights into the state of the venture capital landscape and noted a few interesting comparisons over the last decade. While there are great advances in the VC and specifically Cleantech, which witnessed key breakthroughs in technology, policy, higher capital inflows and record-low renewable energy prices, we are confident that in terms of the journey, we are at the foot of a giant hill of progress.

We hope you will find some interesting overviews of  European venture capital, energy and e-mobility topics, as well as discover something new, like the Baltic venture capital landscape. We took the time to compile a review of the developments in the cleantech investment globally, the increasing corporate involvement in the ecosystem, as well as a few noteworthy themes, which demand close minding from strategic and tactical aspects as they accelerate over the short term. We also touch upon the decarbonization theme (a subject we will be diving in deeper to and will be sharing our insights as we go), which is becoming a crucial topic not only for Venture Capital funds but broader asset management community, and we can see remarkable growth trends in interest year-over-year as all sectors of the economy become more mindful of the impacts of climate change.

The broader use for the report was also to perform a litmus test on whether we are adapting our strategy quickly enough to keep up with these developments (let us know if it reinforced or challenged yours). We hope you find the report useful and get in touch if you would like to discuss it in more detail or have any questions and remarks for next year's edition.

Access the full report here.

Shoutout to Atomico, and CleantechGroup for contributing and sharing the data for our report!

HurryIconLaunch of Job Board

The pandemic has been a challenge to everyone, with absolutely no exceptions. Whether you are Zoom or Amazon and had to increase your workforce; or whether you are Lime or OpenDoor and had to halt your business - it certainly has been something that none of us have experienced before. Fortunately, some of our portfolio companies are growing and having a number of exciting positions to fill. We have collated all of the open job offers of our companies into one place so please check it out here. From New York, US to Melbourne, Australia - there are a large numbers of positions to fill. We already have 30+ open positions and looking to add more!

SunIconContrarian Ventures Reading List

It's Time to Build 
🤖 An essay by Marc Andreessen, founder of A16Z

Exclusive: Mary Meeker's Coronavirus Trends Report

📈 Informative presentation by Mary Meeker's Bond Capital

Venture Monitor: Q1

 Calm before the storm - Q1 VC Market Overview

Hurry-IconBig Moves in the Market

Vattenfall issues second €500 million green bond

💚 Bond to be used to finance investments in the four eligible green energy categories

Japanese oil co JXTG invests in EV charging specialist Virta

🍃 Investment will trigger launch of Virta's operations Asia 

IKEA owner acquires US solar parks to boost renewables transition

🚛 IKEA plans to transition to 100% renewable energy globally by 2025

teaIconVirtual Office Hours

Given unprecedented times during COVID-19 pandemic and the ensuing lockdowns, we are very keen to continue meeting outstanding entrepreneurs working on sustainable energy transition. Even if you only have an idea or want to discuss a specific vertical within energy technology sector, book a slot and let’s chat! 💪

Sign up here for virtual office hours ✌️

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