Serial entrepreneurs and former US Congressional candidate full $40+ million venture capital fund to reinvent foundational industries for decarbonization
— Brynne Kennedy, Managing Accomplice, BCP Blitz
NEW YORK, NY, USA, September 6, 2023/EINPresswire.com/ — Serial entrepreneurs Brynne Kennedy and Roger Lang as we speak introduced the completion of their first venture capital fund, BCP Blitz, a $40M+ fund that invests in cutting-edge applied sciences that reinvent foundational industries for decarbonization and decentralization. Kennedy beforehand based and led Silicon Valley and UK enterprise software program firm, Topia, labored in finance in globally and ran for US Congress in California with a coverage platform centered on innovation, entrepreneurship and decarbonization. Lang beforehand based fintech corporations CAT-S and Infinity, each of which went public on NASDAQ, and constructed a world angel funding portfolio.
True to their entrepreneur ethos, Kennedy and Lang approached their first fund in another way than many rising markets, sourcing and negotiating a portfolio of Seed to Collection B investments whereas they raised their fund. They supplied buyers the distinctive alternative to spend money on a constructed and diversified portfolio that minimized blind pool, sourcing and valuation dangers throughout as we speak’s advanced know-how funding market. The fund’s portfolio consists of corporations reminiscent of Caban Methods (Collection B), which offers renewable energy-as-a-service for essential infrastructure, Greyscale AI (Collection A), which sells AI and imaginative and prescient imaging options for the packaged good provide chain, Pratexo (Seed), which gives edge-to-cloud software program for distributed electrical energy, and Elite Measurements (Seed), which sells emissions discount know-how to grease and gasoline producers. Along with the fund, BCP Blitz additionally supplied buyers direct co-investments within the portfolio, and now manages an extra roughly $10M of AUM.
“As we constructed BCP Blitz, we acknowledged the altering nature of venture capital and many buyers’ considerations about GPs’ skills to win aggressive offers and make investments at compelling valuations in as we speak’s market” stated Kennedy, who’s the agency’s Managing Accomplice. “We’re entrepreneurs in all that we do, so we wished to innovate — to indicate individuals how we might do that, not simply inform them throughout fundraising discussions.”
“We’re grateful to work with a rare group of Founders and CEOs in our present portfolio,” stated Lang. “In simply 18 months, we’ve already seen most of our corporations considerably develop income with clear paths to EBIDTA breakeven. I’ve spent 40 years in Silicon Valley, and I can actually say that this is likely one of the most enjoyable occasions to spend money on innovation and world societal affect.”
With the fund’s revolutionary technique, BCP Blitz is now absolutely invested, and Kennedy and Lang have began to consider their subsequent fund. Kennedy and Lang plan to construct upon the success and progress of their present portfolio and on their decarbonization and decentralization funding themes, in addition to the companions’ world entrepreneurial and finance expertise to take a position throughout each the US and Europe.
Brynne Kennedy
BCP Ventures
+1 415-319-3993
brynne@bcp.capital
