Lesser has joined as vice chair, local weather & sustainability, and senior advisor and Johnson has joined as common accomplice to guide the agency’s rising local weather funding group, B Capital mentioned in an announcement.
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They are going to be part of Karan Mohla, a common accomplice on B Capital’s Asia group, and Karly Wentz, local weather senior principal, to additional construct out the group, it added.
Lesser will proceed in his position at BCG and strengthen the hyperlinks between the 2 corporations within the local weather tech space.
“He has an unmatched fame for local weather and sustainability management, together with serving as chief advisor to the World Financial Discussion board’s Alliance of CEO Local weather Leaders and constructing out the apply space at BCG,” Raj Ganguly, cofounder and co-CEO at B Capital, mentioned.
With an estimated $5 trillion in annual funding wanted by 2030 to succeed in worldwide internet zero targets, combating local weather change would require vital assets and innovation throughout industries, the assertion mentioned.
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“Combating local weather change requires massive concepts, complicated options and an distinctive capacity to execute. With its complete international platform, distinctive company community and value-add method, B Capital is positioned because the accomplice of alternative for local weather entrepreneurs,” Johnson mentioned.Johnson and Lesser’s appointments comply with the addition of Don Wooden as a enterprise accomplice centered on local weather in Could 2023.
The agency’s latest local weather investments embrace Patch Applied sciences, a platform providing a set of software programming interfaces and developer instruments to attach consumers and sellers of carbon credit, and Accacia, a supplier of synthetic intelligence-enabled decarbonisation options to the actual property business.
Final month, the enterprise capital agency based by Ganguly and Eduardo Saverin had introduced the shut of its second Alternatives fund at $750 million. The newest Alternatives Fund II from B Capital is ready to make major and secondary follow-on investments in late-stage portfolio corporations throughout core sectors similar to expertise, healthcare and local weather tech.
Based in 2015, B Capital is a multi-stage international funding agency that focuses on seed- to late-stage enterprise development investments. It has over $6 billion in belongings underneath administration throughout its a number of funds.
