Built Clean Ventures Fund I

One half of the worlds new construction is expected to be in Southeast Asia by 2040, while at the same time, the region is especially susceptible to the increasing effects of climate change today. This combination of circumstances drives innovation, adoption, and adaption in a context of exponential growth. Communities throughout Southeast Asia understand the every day experience of intensifying heat, increasing costs of managing existing structures, flood risk, and plastic waste issues. The proximity of these problems generates deeply motivated founders that want to transform the way built environment contributes to a better future rather than causing further damage. It's estimated that the green building investment opportunity market in East Asia Pacific as a whole is $17.8 trillion, 70% of the global total. This vast estimate speaks to the scale of both problem and opportunity. The impact of our early stage investing in this market would drive carbon and GHG mitigation, economic growth, gender equity, and support the ecosystem of built environment investing by establishing proof points to build on.

Built Clean Ventures Fund I is targeting $10m as a proof of concept fund for early stage equity deployment over a 4 year period. Ticket sizes would range from $150k-$750k. Our sector focus of climate-tech in the built environment includes construction materials and methods, building operations, circular solutions, and climate adaptivity solutions. We operate with a gender lens that includes all stages of the fund and it's partners. Beginning in 2018 founding partners have been involved in supporting climate entrepreneurs and participating in the impact ecosystem in Southeast Asia. As a US based fund we work closely with on the ground partners and have the objective to encourage global collaboration in contributing to the new economy. Managing Partner, Lisa Hanson, travels regularly to the region, Venture Partner, Priya Thachadi is based in Manila, and Advisory Partner, Arun Asok, formerly lived in Singapore and was the CEO of Asia for Bamboo Capital. In addition, BCV has a team of Pipeline Builders based in Vietnam (North and South), Indonesia, and Thailand with an Advisory Network based in Singapore, Melbourne, Phnom Penh, and The Hague. This strong community of collaborators are bonded through our years of commitment to climate action, social enterprise, and impact ecosystem building. Through existing relationships with founders and the new opportunities identified by this team every day, we will be ready to move into the deployment phase with both ready deals and by seizing the new opportunities that unfold. As a team, we are confident that we can make this Fund I a success in order to build not just an additional fund, but to disseminate the roadmap of a grassroots effort that can guide others toward effective global collaborative action.

This project anticipates a portfolio across solution areas and target countries that will grow through investment stages and yield some exits, primarily expected to be in the form of acquisition. Returns are modeled at 17%. BCV partners and networks will support portfolio development, revenue growth, and downstream investment opportunity connections as well as exit strategy. Outcomes will include carbon and GHG mitigation based on portfolio construction realization reported regularly with projections for future mitigation. We intend to use the CRANE tool to provide this data with accuracy and transparency. Gender lens analysis will be reported regarding portfolio construction and the portco team growth and operations. Depending on portfolio construction we will identify appropriate impact measures to track within the IRIS framework for SDGS Climate 13, Sustainable Cities 11, Gender Equity 5, and Decent Work & Economic Growth 8.