Generation Investment Management

Generation Investment Management

Generation Investment Management is a firm co-founded by environmentalist and former Vice President Al Gore to back sustainable startups.

Generation Investment Management was founded in 2004 and has offices in London and San Francisco. The company is dedicated to long-term investing and integrates sustainability research into the traditional investment process. Generation Investment Management strives to promote a more sustainable form of capitalism that integrates environmental, social and governance externalities into its metrics.

Generation closed a $1 billion Sustainable Solutions Fund for growth investments in May 2019. As the name implies, it plans to put the $1 billion into later-stage startups that work on sustainability in at least one of three areas - environmental solutions; healthcare; and financial inclusion, including the future of work. This Generation IM Sustainable Solutions Fund III is the third and largest of its funds. It aims to invest between $50 million and $150 million in companies that help the health of the planet or individuals or drive financial inclusion.

In planetary health, the fund is focused on low carbon solutions in mobility, food, energy and enterprise. In people health, the fund is focused on health outcomes and a lower-cost, accessible healthcare system. In financial inclusion, the fund aims to support access to finance and an equitable future of work.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Nest (company)

Nest is a Palo Alto, California-based developer of home automation and IoT products founded in 2010 by Tony Fadell.

An artificial intelligence company that has developed technology for mapping services specifically focused designed for autonomous vehicles. It was founded in 2016 and is based in Palo Alto, California.

Asana provides a project management platform to organize and plan workflows.

Convoy is a trucking and logistics company that utilizes technology to connect shippers with carriers and book services.

Sophia is a biotechnology company and developer of SOPHiA Artificial Intelligence for clinical genomics

Toast is a software company providing point-of-sale and restaurant management platform.

Andela is a cloud computing company creating distributed software engineering teams in Africa.

M-kopa is a Nairobi-based solar energy company offering pay-as-you-go renewable energy for off-grid customers.

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People

Name
Role
LinkedIn

Al Gore

Co-Founder

David Blood

Co-Founder

Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
Publisher
Description
Josh Scott
February 18, 2021
BetaKit
Calgary-based corporate social responsibility platform Benevity has received new investments from The Rise Fund and Generation Investment Management.
Elation Health
December 10, 2020
www.prnewswire.com:443
/PRNewswire/ -- Elation Health, a clinical-first technology company powering the future of independent primary care, today announced a Series C financing round...
Rachel Premack
November 13, 2019
Business Insider
Convoy raised $400 million for its freight brokerage and software solution. The Seattle-based trucking tech unicorn is now valued at $2.75 billion.
Ingrid Lunden
May 21, 2019
TechCrunch
Generation Investment Management, the firm co-founded by environmentalist and former Vice President Al Gore, was built on the premise of backing sustainable startups. Now, as the idea of sustainability starts to gain wider traction, the firm is doubling down on the concept. Today, Generation is announcing that it has closed a $1 billion Sustainable Solutions [...]
Natasha Lomas
Invalid Date
TechCrunch
TechCrunch - Reporting on the business of technology, startups, venture capital funding, and Silicon Valley

References

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