IMPACTASSETS 50™
An Annual Showcase of Impact Investment Fund Managers
ImpactAssets 50
An Annual Showcase of Impact Investment Fund Managers
Altalurra Ventures, LLC
Climate Change
Food Systems and Agriculture
Natural Resources and ConservationFirm Overview
Altalurra Ventures is an innovative impact-driven technology-focused venture capital fund based in New York whose mission is to support the emergence of technology startups that demonstrate a measurable positive impact along with sustainable business models. We founded Altalurra Ventures on the premise that environmental, social and business sustainability issues are fundamentals for transforming how companies are being developed and investments are being allocated. Through a transparent and data-driven framework, we help founders to integrate impact in their decision-making processes, and investors to execute a winning impact investing strategy. We put our entrepreneurial experiences and skills in growth, strategy, and technology at the service of founders who pursue an impact-driven mission while building value. We put our expertise in management, ESG and sustainability to the service of investors who want to keep generating high returns while demonstrating a positive impact. Altalurra Ventures is targeting a first close early 2023.
Years of Operation: Less than 3 years
% of Capital from Top 3 Investors: 100%
We select, guide and grow startups with superior overall impact and financial potential value across Seed and Series A stage, which leverage technological solutions to fight global warming, transform industries and infrastructures, or improve social value-add.
We founded Altalurra as impact-driven optimists who see technology as a force for good. We believe that impact investing in digital and manufacturing technologies offers unique opportunities for investors and entrepreneurs to score higher returns while pursuing purpose and growth. Our objectives are to partner early with inspiring founders across underserved areas accounting for over half of global emissions and to foster a change of behaviors. Combining innovative technologies and sustainable business models, selected startups will rapidly generate a positive impact on the world's journey to net zero. Altalurra will help them grow by leveraging a transparent and data-driven impact measurement framework that enables joint optimization of their mission and financial objectives, bringing impact as a top-line driver. These startups will benefit from a valuation premium as suppliers and targets of choice within their ecosystem, as much as from positive consumer sentiment and regulatory tailwinds.
Altalurra brings quantitative and strategic skills to impact investing in underserved sectors. We combine operational growth and technology expertise with proficiency in ESG and impact measurement, and practical experience in strategic deal making. Fast learners with an expert network we create instant attraction from founders contributing to their vision, acting as partners beyond investors, providing guidance and mentorship in day-to-day activities. We grew ourselves as entrepreneurs, which enables us to understand issues and to pass on solutions for accelerating the path to success. We know ESG data and methodology providers and investors, and how companies struggle to implement. We understand pitfalls and consider impact as an expansion from risk to return management which private startups can capitalize on beyond pursuing positive impacts. Through partnerships with 3rd party providers, and the co-development of the Altalurra Impact Framework, we bring practical solutions to founders for managing purpose and growth in concert.
Investment Example
Altalurra Ventures is warehousing investments, and this is a real-life example. Company is operating in stealth mode, managed by a seasoned serial entrepreneur and a domain specialist. It owns patents and has developed a fast, low-cost and highly resource efficient process for recycling carbon fiber waste into new carbon fiber fully preserving fiber properties. It leverages a circular economy approach for sourcing. It brings a highly demanded recycled material to industries with zero friction (same form as original fiber product). By bringing a low carbon footprint and high recycling features it provides an answer to current regulatory constraints faced by clients which will enable them to expand usage, creating a snowball effects (e.g. in transportation due to low weight properties of the material further diminishing energy consumption of end products). Financial characteristics: pre-revenues, pilot clients, positive EBITDA expected within 24 months, easy replicability across the world, low OPEX and CAPEX.
Leadership and Team
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Lionel Auguste – General Partner & Co-Founder More Info
Lionel is a tech enthusiast, entrepreneur, acute strategist with 20 years of experience in business strategy and financial services. He is passionate about impact and worked as corporate investor for Accenture M&A and Qontigo leading to several acquisitions or investments in fintech, ESG and sustainability focused companies. Lionel held multiple operational and executive positions in fintech startups, strategy firms, investment bank and buy-side firms. He digitally transformed McKinsey Investment Office to improve its investment process. Fabien is a technologist, cloud pioneer, PhD, engineer and a successful serial entrepreneur. Fabien held operational and senior executive positions for risk providers, ESG providers and fintech startups. Key member of Riskmetrics and its acquisition by MSCI, he led Axioma/Qontigo until successful exit generating high multiples to investors. With +20 years of hands-on growth experience, he features pragmatic strategic vision and problem-solving capabilities. He is an active impact-focused angel investor, advisor and board member. |
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Fabien Couderc – General Partner & Co-Founder More Info
Fabien is an agent of change and innovation. He is a technologist, multidisciplinary PhD & engineer by education, serial entrepreneur, savvy investor focusing on impact and member of the founding team at Altalurra Ventures. Helping impact-driven startups to grow in a sustainable fashion is his way to leverage all his expertise to generate a positive impact at scale. With more than 20 years of hands-on operational and growth experience, his pragmatic strategic vision and concrete advices are key assets for like-minded founders. |
Financial Performance
Impact Performance
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Percentage of Total Assets Under
Management that are Impact Investments: |
100%
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The investment strategy is articulated around three impact themes, with a first selection criteria directly geared towards companies with a) an environmental/climate impact, b) a business sustainability impact, or c) a social impact.
Traditional ESG questions are part of our due diligence process. The questionnaires are jointly constructed on a per sector-basis (following an enhanced and extended version of the Impact Management Project framework and taxonomy) by Altalurra and our 3rd party impact partners, with independent assessment from Altalurra and one of our partners.
Impact Tracking and Monitoring
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80 Theodore Fremd Avenue, Rye, NY 10580 USA
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