Business
Liberty Global Ventures Announces Strategic Partnership With Avesta Capital
Liberty Global Ventures to Invest $2 Million in Specialist Positive Impact Investment Firm to Deliver Seed Funding to Start-Ups Tackling the Global
About this update from Liberty Global Ltd.
[{"type":"text","content":"\nLiberty Global Ventures to Invest $2 Million in Specialist Positive Impact Investment Firm to Deliver Seed Funding to Start-Ups Tackling the Global Challenges of Climate Change and Economic Inequality\n\n DENVER, Colorado--(BUSINESS WIRE)--\nLiberty Global Ventures, the investment arm of Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK), a world leader in converged video, broadband and communications services, has struck a strategic partnership with specialist impact investment firm Avesta Capital which will see it initially invest $2 million to help promote diversity and inclusion and tackle the global challenges of climate change and inequality. With this close, Avesta Capital has now raised over 80% of its target $20 million fund.\n\nAvesta will use the capital to provide seed investment to start-ups that specifically offer scalable solutions to issues such as boosting economic opportunity or aiding the fight against climate change. Avesta also has a policy of prioritizing support for entrepreneurs from diverse backgrounds.\n\nAvesta’s fund aims to bridge the technology start-up and impact investing ecosystems, providing specialist expertise to help technology companies that can have significant impact at scale connect with impact investors. Start-ups backed by the Avesta Fund include Line Financial, working to improve the financial well-being and inclusion of people who work in the gig economy and WattBuy, who help improve access to cheaper and cleaner electricity for renters across America.\n\nLiberty Global Ventures has investments in more than 75 companies and funds in the fields of content, technology and infrastructure. The group’s technology investments are scalable across international markets, with deals ranging in size from $5 million to $30 million. Its portfolio includes a number of innovative and high growth companies such as Aviatrix, Lacework, Pax8, Pensando and Plume.\n\nAlongside the new strategic partnership with the Avesta Fund, Liberty Global is a founding member of the European Green Digital Coalition and also featured in the influential Dow Jones Sustainability World index for the eighth year in 2020. The company was also awarded leadership status by CDP Global (formerly known as the Carbon Disclosure Project) in its most recent annual survey into climate change and carbon emissions.\n\nJohn Gowen, Manag...