Investments
17Portfolio Exits
1Funds
2About Bioeconomy Capital
Bioeconomy Management has been established to assist selected startup companies in the space grow from their core of a couple of founders in a lab to a $50M company.
Bioeconomy Capital Headquarter Location
3417 Evanston Ave N Suite 329
Seattle, Washington, 98103,
United States
206-992-7901
Expert Collections containing Bioeconomy Capital
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find Bioeconomy Capital in 1 Expert Collection, including Synthetic Biology.
Synthetic Biology
382 items
Latest Bioeconomy Capital News
May 2, 2022
Tandem PV Secures $6 Million Funding Wednesday 20th April 2022 US start-up gets funding to manufacture first commercial grade tandem perovskite solar panels Tandem PV, a California-based photovoltaic technology company specialiding in ultra high-efficiency tandem perovskite solar panels, today announced the initial $6 million close of its $12 million Series A financing round. The round was led by Bioeconomy Capital, an early-stage venture capital firm, through its new Planetary Technologies fund, with participation from an international solar manufacturer and a US utility company. Tandem PV will use the funds to build a pilot manufacturing facility in San Jose, CA, enabling the company to enter its next phase of growth in producing commercial-grade solar panels. “Our mission is to find scalable Planetary Technologies that can help the world mature beyond fossil fuels at the pace necessary to avoid unsustainable warming,” said Rik Wehbring, a managing director of Bioeconomy Capital and a board member at Tandem PV. “Tandem PV is commercialising transformative technology that achieves this goal.” Tandem PV was co-founded by materials science PhD Colin Bailie and solar industry pioneer Chris Eberspacher, with the mission to achieve 50 percent of energy generation from solar by 2050. This can be realized in part by enabling net zero energy buildings and the electrification of everything at the residential and micro-grid scale to meet a core need for 50 million residential households in the US alone. “We have tremendous market pull from residential solar installers, end users, equipment distributors and utilities - the industry is ready for more sustainable, efficient and cost-effective solar panels,” said Colin Bailie, co-founder and CEO of Tandem PV. To create greater value for solar energy at the terawatt scale, Tandem PV transforms silicon solar panels into high-efficiency tandems by leveraging perovskite-coated front glass via a drop-in manufacturing replacement. Bailie developed this unique design during his doctorate at Stanford University, earning recognition in Forbes' 30 Under 30 in the energy sector in 2016. This solar panel technology is poised to offer 50 percent higher efficiency than the average solar panel and drive solar system costs down by 30 percent or more. “The cost and performance improvements expected by Tandem PV's technology will enable substantially higher photovoltaic penetration worldwide, potentially offsetting three gigatons of CO2 equivalent per year,” said Chris Eberspacher, co-founder and managing director of Tandem PV. “Tandem PV is on a fast track to develop, demonstrate and commercialise perovskite and silicon tandem solar panels for homes across the United States and worldwide.” CS International to return to Brussels – bigger and better than ever! The leading global compound semiconductor conference and exhibition will once again bring together key players from across the value chain for two-days of strategic technical sessions, dynamic talks and unrivalled networking opportunities. Join us face-to-face between 28th – 29th June 2022
Bioeconomy Capital Investments
17 Investments
Bioeconomy Capital has made 17 investments. Their latest investment was in SunTrain as part of their Seed VC on April 4, 2022.
Bioeconomy Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/7/2022 | Seed VC | SunTrain | $0.75M | Yes | 1 | |
2/15/2022 | Series B | Parse Biosciences | $41.5M | No | 6 | |
2/9/2022 | Series A | Tandem PV | $6M | Yes | 2 | |
1/24/2022 | Series A | |||||
7/22/2021 | Series B |
Date | 4/7/2022 | 2/15/2022 | 2/9/2022 | 1/24/2022 | 7/22/2021 |
---|---|---|---|---|---|
Round | Seed VC | Series B | Series A | Series A | Series B |
Company | SunTrain | Parse Biosciences | Tandem PV | ||
Amount | $0.75M | $41.5M | $6M | ||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 1 | 6 | 2 |
Bioeconomy Capital Portfolio Exits
1 Portfolio Exit
Bioeconomy Capital has 1 portfolio exit. Their latest portfolio exit was Bellwether Bio on March 27, 2019.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
3/27/2019 | Acquired | 1 |
Date | 3/27/2019 |
---|---|
Exit | Acquired |
Companies | |
Valuation | |
Acquirer | |
Sources | 1 |
Bioeconomy Capital Fund History
2 Fund Histories
Bioeconomy Capital has 2 funds, including Bioeconomy Fund 1.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
9/14/2017 | Bioeconomy Fund 1 | Early-Stage Venture Capital | Closed | $5M | 1 |
Bioeconomy Mbyre |
Closing Date | 9/14/2017 | |
---|---|---|
Fund | Bioeconomy Fund 1 | Bioeconomy Mbyre |
Fund Type | Early-Stage Venture Capital | |
Status | Closed | |
Amount | $5M | |
Sources | 1 |
Bioeconomy Capital Team
3 Team Members
Bioeconomy Capital has 3 team members, including current Chief Executive Officer, Spencer Adler.
Name | Work History | Title | Status |
---|---|---|---|
Spencer Adler | Chief Executive Officer | Current | |
Robert Carlson | World Health Organization, NAS, and The Hastings Center | Managing Director | Current |
Rik Wehbring | Managing Director | Current |
Name | Spencer Adler | Robert Carlson | Rik Wehbring |
---|---|---|---|
Work History | World Health Organization, NAS, and The Hastings Center | ||
Title | Chief Executive Officer | Managing Director | Managing Director |
Status | Current | Current | Current |
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