Betting on the “industrial awakening,” G2VP invests in global industries undergoing technology-led transformation such as transportation, energy, agriculture, industrial and logistics. G2VP know that our future looks very different from our present as individuals share cars, buy renewable electricity and manufacture products in new ways.
$7.5 million; originated in 2018
This investment increases McKnight’s exposure to venture capital – investments in small, innovative companies that have the potential to transform an industry while driving resource efficiency. These higher-risk funds succeed by picking one or two winning “needles” from a “haystack” of promising ideas.
Financial Returns: Too early to evaluate; fund is in acquisition phase.
Social & Environmental Impact: Scoop, is a portfolio company bringing the flexibility of Uber to carpooling. Eighty percent of Americans drive alone to work. Scoop’s app creates safe, inexpensive carpools for co-workers and neighbors that reduce time in traffic jams while saving individuals money in parking, gas, and wear and tear on automobiles. It also reduces greenhouse gas emissions from automobiles, the leading contributor to climate change in the US.
Too early to report.
Photo Credits: iStock Artist/kali9
Disclaimer of Endorsement: The McKnight Foundation does not endorse or recommend any commercial products, processes, or service providers.
Last updated 8/2018