Just Climate is a climate-led investment business established by Generation Investment Management in 2021, headquartered in London. It deploys growth equity and project finance into high-impact climate solutions targeting hard-to-abate industries such as energy, transport, heavy industry, and buildings. Its inaugural fund, Climate Assets Fund I, closed at $1.5 billion in June 2023.
Deal activity increased 300% year-over-year (4 deals in the last 12 months). Average disclosed round size is $132.4M (across 15 rounds with reported amounts).
Portfolio
16
Fund Size
$1.5B
Top Stage
Series B
Last 12 Mo
4
Team
Andy Wiley
Managing Director
Flavio Deluiggi
Managing Director
Natalie Arrieta
Managing Director
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
20 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Tropic | Series C | $105M | Dec 2026 |
 Tropic | Series C | $105M | Mar 2026 |
| Tropic | Series C | $105M | Mar 2026 |
 Tropic Biosciences | Bridge | $105M | Mar 2026 |
| AAfresh Technologies | Unknown | — | Jan 2026 |
 AgroStar | Unknown | $6.7M | Nov 2025 |
 Naturemetrics | Series B | — | Jan 2025 |
 NatureMetrics | Series B | — | Jan 2025 |
| AgroStar | Series E | $30M | Jan 2025 |
 Ascend Elements | Series D | $162M | Feb 2024 |
 Infinitum | Series E | $185M | Nov 2023 |
| GGoinfinitum | Series E | $185M | Nov 2023 |
| Ascend Elements | Series D | $542M | Sep 2023 |
 H2 GREEN STEEL | Series B | — | Jan 2023 |
 Afresh | Series B | $115M | Aug 2022 |
 Stegra | Unknown | — | — |
| CContinuum Green Energy | Unknown | $150M | — |
| NNature Metrics | Series B | $25M | — |
 CORVUS ENERGY | Series E | $60M | — |
| Tropic Biosciences | Series C | $105M | — |
Top Co-Investors
Five Seasons Ventures5 shared
IQ Capital5 shared
ABN AMRO Ventures5 shared
Polaris Partners5 shared
Forbion4 shared
Corteva4 shared
EDF Pulse Ventures3 shared
SWEN Capital Partners3 shared
Ananda Impact Ventures3 shared
BNP Paribas3 shared
Insight Partners3 shared
Alumni Ventures2 shared
IRONGREY2 shared
Clearvision Ventures2 shared
Galvanize Climate Solutions2 shared
Ajax Strategies2 shared
Cottonwood Technology Fund2 shared
Rockwell Automation2 shared
Last updated: 20 October 2026