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The Drawdown Fund was established in 2018 by Paul Hawken and Erik Snyder, and is managed by Tiger Grass Capital. Headquartered in Park City, Utah, the fund focuses on investing in growth equity businesses that provide market-based solutions to combat climate change. The fund's investment strategy is inspired by the principles outlined in Paul Hawken's book 'Drawdown', which presents a comprehensive plan to reverse global warming through innovative solutions across various sectors.
Currently, the Drawdown Fund operates with a team of eight professionals who collectively possess over 50 years of experience in sustainability, climate solutions, and growth investing. The fund is a certified B Corporation, indicating its commitment to social and environmental performance. Although specific metrics such as total assets under management (AUM) are not disclosed, the fund is recognized for its active role in promoting sustainability and climate innovation.
The Drawdown Fund invests in growth equity businesses that demonstrate proven technology, established revenue, and strong growth potential. The fund typically allocates investments ranging from $10 million to $30 million in companies generating over $10 million in revenue. Its investment strategy is centered around three key areas: Clean Transition, Resilient Systems, and Sustainable Cities. This approach aims to generate attractive risk-adjusted returns while contributing to greenhouse gas emission reductions.
In addition to financial returns, the Drawdown Fund seeks to support companies that significantly reduce carbon emissions and address climate change. The fund's investment thesis emphasizes scaling market-based solutions that align with the 100 Drawdown solutions taxonomy, which includes sectors such as climate, energy, healthcare, food-agtech, and mobility. The fund's collaborative approach fosters a community of investors, business leaders, and climate advocates dedicated to supporting sustainable entrepreneurs.
The Drawdown Fund's portfolio includes several notable companies that exemplify its commitment to sustainability and climate solutions:
These companies reflect the fund's focus on addressing major drivers of climate change through innovative technologies and solutions. The portfolio is aligned with the fund's mission to create a positive environmental impact while achieving financial success.
Paul Hawken: Founding Partner, author, and environmentalist known for his work on sustainability and climate solutions.
Erik Snyder: Managing Director and CEO, with extensive experience in growth equity and sustainability investments.
Lisa Schule: Managing Director, specializing in investment strategy and portfolio management.
Jonnie Cox: Managing Director, focusing on operational excellence and strategic growth for portfolio companies.
Eric Turner: Managing Director, with expertise in climate solutions and investment analysis.
Brooke Pierce: Vice President, involved in deal sourcing and portfolio development.
Tori Sowul: Operations & Communications, managing internal and external communications.
Cayley Geffen: Associate, supporting investment analysis and portfolio management.
Lauren Ivison: Operating Partner, providing operational support to portfolio companies.
To pitch to the Drawdown Fund, founders should use the contact form available on their website at drawdownfund.com/contact-us. It is important to include a comprehensive overview of the business, including details about the technology, market potential, and how the company addresses climate change. The fund does not specify a formal application process, but a well-prepared pitch deck is recommended.
Response times may vary, but founders should expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory.
As of April 2023, the Drawdown Fund has been actively promoting its mission and portfolio through its website, highlighting notable investments in climate-focused companies. Recent updates include detailed descriptions of portfolio companies like Arcadia, Mori, SOURCE, and Hayden AI, showcasing their innovative approaches to sustainability.
The fund continues to emphasize its commitment to scaling market-based solutions to reverse global warming, aligning its investments with the principles outlined in Paul Hawken's book 'Drawdown'.
What are the investment criteria for the Drawdown Fund?
The Drawdown Fund invests in growth equity businesses that have proven technology, established revenue, and strong growth potential. Companies should generate over $10 million in revenue and demonstrate a clear competitive advantage.
How can I apply or pitch to the Drawdown Fund?
Founders can pitch to the Drawdown Fund through their website at drawdownfund.com/contact-us. It is recommended to provide a detailed overview of the business, including technology, market potential, and impact on climate change.
What makes the Drawdown Fund different from other investors?
The Drawdown Fund focuses specifically on scaling market-based solutions to reverse global warming. Its investment strategy is aligned with the principles outlined in Paul Hawken's book 'Drawdown', emphasizing measurable climate impact alongside financial returns.
What is the geographic scope of the Drawdown Fund?
The Drawdown Fund primarily invests in North America, targeting companies that address climate change and sustainability challenges within this region.
What type of post-investment involvement does the Drawdown Fund have?
The Drawdown Fund adds value to its portfolio companies by providing strategic guidance, leveraging its expertise in sustainability, and facilitating connections within the industry to enhance growth and impact.
What is the typical check size for investments?
The Drawdown Fund typically invests between $10 million and $30 million in its portfolio companies, focusing on those with established revenue and strong growth potential.
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