Bidra Innovation Ventures

We focus on two industries: agriculture and clean hydrogen. We invest in startups and in funds as a limited partner. For both investment types, we aim to be the best partner that we can be by leveraging our network (both in Yara and across our industries) to help those around us succeed. Agriculture and clean hydrogen are industries that will require collaborative work to make a real change - we see ourselves as enablers of that change. Our agriculture thesis Our core thesis is that we believe in "no compromise farming." By that we mean that we don't believe that the majority of farmers, advisors, or agriculture companies are going to be willing to compromise on yield, quality, profitability, and time effort in order to meet sustainability demands. As such, we are looking for companies which have a high impact with low effort required and price parity (or better) with current practices in order to get sustainability to massive adoption. With this in mind, we invest in the following verticals, themes, and business models. Agriculture verticals New biologicals for the field: New products that help with yield and quality while having better efficiencies. Agronomic decision support: Data is great, but only as far as its able to drive a decision to be made. Supply chain optimization: Building better, smarter, and more efficient agricultural supply chains. Agricultural financing: Access to financial instruments enabling better income and security. Agriculture themes Decarbonization and sustainability: All investments should have at least some tie back to accelerating decarbonization and sustainability. Soil health: Protecting the world’s soils for future generations. Industry transparency: Creating clarity across the value chain from field to fork - and doing it as frictionless as possible. High impact, low effort: We believe farmers shouldn’t have to compromise on their outputs to meet sustainability requirements. Agriculture business models We are interested in new business model opportunities in agriculture (while understanding that there are some traditional ones here to stay). The business models we like to invest in include: SaaS, direct to customer, marketplaces, subscription, manufacturer, fertilizer as a service, outcome based, and generally models which move towards "do it for you." Our clean hydrogen thesis Clean hydrogen is a critical part of the world's ability to address the UN Sustainable Development Goals. Given Yara's hundreds of years of experience in ammonia production, we are looking to empower and accelerate the transition to green and blue production by investing in the "picks and shovels" of the industry including the verticals, themes, and business models below. Clean hydrogen verticals Carbon-free fertilizer: Carbon-free fertilizer and food enabled by clean ammonia and hydrogen. Clean power production: Ammonia as substitute for coal and natural gas in power plants. Zero-carbon maritime fuel: Ammonia as fuel decarbonizing the maritime sector. Zero-carbon heavy duty fuel: Ammonia as fuel decarbonizing the transport sector. Clean hydrogen themes Green hydrogen production: Next generation hydrogen electrolysers with low CAPEX and high efficiency. Blue and turquoise hydrogen production: Next generation high performance blue and turquoise hydrogen. Next generation ammonia: Technologies enabling clean ammonia production, synthesis, cracking, and use. Systems solutions and business models: New business models and configurations enabling hydrogen and ammonia uptake. Clean hydrogen business models We are interested in manufacturing, SaaS, distributed production, subscription, and transaction based business models.

“Spero” is Latin for hope. We help founders build a hopeful future. We’re a team of former startup founders, operators, and investors from landmark companies including eBay and Tesla. We invest in determined founders building mission-driven technology companies in three focus areas: wellbeing; sustainability; learning, work, and play. We prefer to lead or co-lead a $3-$10M round (late seed or Series A). Our typical check is $2-$4M, and we reserve capital for follow-on. We are conviction-based investors who play the long game. How We Work With YouWe have the conviction to lead and price your round. We participate in follow-on funding and help with subsequent fundraising. Our concentrated portfolio approach allows us to engage deeply with our founders. We’re supportive throughout the life of a company. Every one of our founders has full access to the entire Spero Ventures team. We know some ideas take time to catch on, so we offer patient capital. We are calm and steady partners in uncertain times. We help companies scale to serve billions of customers. We’ve done this as operators and founders, and as advisors and board members. We connect our companies to a network of founders, advisors, coaches, domain experts, and executive talent. We build community by bringing founders and leaders together through our CEO Summits, Product Leader Summits, founder breakfasts, workshops and thought-provoking events. We offer expert-led workshops that help founders with brand/storytelling, sales/go-to-market, consumer growth, and fundraising. Our focus Wellbeing Agency over physical and mental health People deserve to be in control of their own physical and mental health. For that, they need new kinds of information and access to care. What devices, apps, tools and services will help people live longer, healthier, more vibrant lives? How can genomics help us better understand our world and ourselves, and contribute to new solutions? Companies that answer these questions will make life worth living. Sustainability Protecting and preserving our planet Life is worth living on a healthy planet. But many of the largest systems we rely on - water, food, energy, transportation, product production and waste - were designed in a way that’s unsustainable and detrimental to our personal and planetary health. The economic, social, and health impacts of climate change and industrial pollution are growing too large to ignore: unprecedented droughts, fires and floods have disrupted millions of lives and result in billions of dollars of loss each year. How can we develop safer, more efficient systems? What can we do to improve power grids, recycling, environmental monitoring and disaster analytics? We invest in sustainability with conviction. Learning, Work, and Play Freedom in work and life Savoring relationships, art, joy, and laughter makes life worth living. Today, the way we do these things is changing. We can now learn, work, and play in hybrid ways that suit individual needs. This means self-directed learners need access to education and job preparation. Likewise, self-directed workforces need freedom, flexibility, and the ability to manage their goals. How can we provide better access to rewarding, satisfying work? What tools and support systems do people need to thrive? We invest in powerful visions for the future of learning, work, and play.

We are experienced venture capital investors who have been at the forefront of impact investing since 1999. We are passionate about generating extraordinary results, creating positive changes, and partnering with visionaries who combine these two. Our team has invested in over 70 ventures, bringing time-tested perspective and expertise to partnerships with entrepreneurs. We are ready and eager to build something special together.

Wangara Capital is the first local currency impact investment company in Ghana. We invest between GHS USD50,000 to USD500,000 in equity and quasi-equity in high-growth, high-impact Small and Medium Enterprises or Small Growing Businesses that are engaged in renewable energy, energy efficiency, waste management, water management, climate smart agriculture or generally climate friendly businesses. We support the growth and sustainability of these SGBs by providing crucial pre- and post-investment technical & business assistance support to assist them execute their growth plans and achieve their Environmental, Social and Governance impact. Wangara Green Ventures is sponsored by Innohub Foundation through the Ghana Climate Venture Facility from the World Bank. The GCVF is supported by the governments of Denmark and the Netherlands under the InfoDev Climate Technology Program. Innohub is a Business Accelerator and Impact Investment Platform that assists SMEs with high growth and high impact potential to become investment ready, sustainable and scalable in order to achieve their economic, social and environmental impact goals. Our Values Our values represent a core set of beliefs that guide how our organization conducts itself and builds trust-based relationships with partners. We care about our work. Integrity: We act in honesty, being transparent, and responsible for what we do and how we do it, to build and maintain trust between us and our stakeholders. Sustainability: We are committed to continually be productive while generating high returns on our assets for the profitable growth of our company and that of our stakeholders. Accountability: We are accountable to our people for our behaviors and actions to deliver on our commitments as individuals and as a team. Flexibility: We are accommodative in dealing with all our stakeholders. Excellence: We are dedicated to offering high quality standard of service to our partners and clients.

Our investment strategy targets innovations in sectors like energy, agriculture, and infrastructure that are poised to reshape the region's economic landscapes. Our approach combines global sourcing with local insights to drive technological adoption and growth in Asia. We leverage a network of world-class advisors and deep local connections to accelerate our portfolio companies' impact on regional challenges. The Antares team is recognized for its leadership in deep tech investing in Southeast Asia. We bring decades of collective experience in deep tech investment. Our expertise positions us uniquely to identify and nurture breakthrough technologies that promise high returns and drive substantial societal benefits. At Antares Ventures, we are dedicated to catalyzing the technological transformations that will define Asia’s future, ensuring our investments contribute positively to the region's economic and environmental landscape.

CE-Ventures is the corporate venture capital platform of Crescent Enterprises, focusing on strategic investments in early- to late-stage high-growth companies and select venture funds globally. The platform was launched in 2017 and initially capitalised with $150 million to be invested by 2020, 50% of which is targeted towards the MENA region. CE-Ventures targets start-ups that offer synergies with Crescent Enterprises’ operations across supply chain management tech, medical tech, enterprise software as a service (SaaS), and niche consumer emerging tech, among others. The platform focuses on wide-ranging emerging technologies pervasive across industry sectors such as artificial intelligence (AI), the Internet of things (IoT), and blockchain. CE-Ventures partners with purpose-driven entrepreneurs and start-ups to catalyse disruptive technologies and generate long-term returns. Focus Areas EMERGING TECHNOLOGIES Artificial Intelligence Machine Learning Internet of Things Big data ENERGY-TECH Industrial drones Energy storage Cleantech Upstream oil & gas production ENTERPRISE/SAAS Cybersecurity Software Infrastructure FIN-TECH Payments & Infrastructure Open/Neo Banking Insure-tech MED-TECH Medical devices Biotech Healthcare services SUPPLY CHAIN MANAGEMENT TECHNOLOGIES Distribution Trucking & Last mile delivery Warehousing Related technologies ED-TECH Virtual classroom/Immersive learning (AR/VR) Learning management systems Collaborative & social learning Computer-aided assessment FOOD-TECH/AG-TECH Cloud kitchens Food e-commerce Smart Farming & Vertical Farming Drones & Robots