MFB Invest

We aim to be the preferred partner in accelerating the value of entrepreneurs’ disruptive companies and the transformation of Koch Industries. THE CORNERSTONES OF OUR PHILOSOPHY CREATIVE DESTRUCTION KDT embraces disruption by promoting creative destruction - the continuous process of iterating, improving and destroying current business models and platforms, EVEN OUR OWN. We partner with emerging high-growth companies that are committed to doing the same. MUTUAL BENEFIT In each of our investments, we look for aligned vision and values as well as complementary capabilities. We can then leverage our massive network of companies and partners to help any young company grow exponentially. By aligning incentives, the company has a greater impact, Koch learns new business models and technologies, and society improves dramatically - a mutual benefit scenario for all. LONG-TERM THINKING By taking a long-term, contrarian approach to investing, we free our partners to create new capabilities and disrupt large industries. We are not bound by fund cycles or predetermined exit strategies. We are focused on helping our companies create the most impactful and profitable scenario possible, and we remain committed to navigating all the unpredictable situations with them. OUR APPROACH Stage Agnostic We have the flexibility and long-term thinking to invest anywhere in the life cycle of a company, from seed to late-stage growth. Thematic Investing We invest across various industries anywhere in the world. Some of our investments will be ancillary to Koch’s core businesses and some will be in completely new industries. See our Investment Themes below. Situationally Focused We review each opportunity on individual merit and timing, not concerning ourselves with popular themes or concentration limits. INVESTMENT CRITERIA• Principled Entrepreneurship Leadership with aligned vision, values and complementary capabilities. • Disruptive Potential to significantly disrupt current market solutions or market alternatives. • Mutual Benefit Strategic engagement where KDT can help a company accelerate even beyond the capital infusion. • High Potential Potential to create a world-changing platform where people think, act, or behave differently.

A C2 Capital Partners é uma sociedade de capital de risco independente, registada na Comissão de Mercado de Valores Mobiliários (CMVM), fundada em 2009 pela equipa de gestão (como Capital Criativo), sendo atualmente um operador de referência no setor de capital de risco em Portugal. A C2 tem duas áreas de negócio principais, tendo equipas de gestão dedicadas e autónomas para cada uma dessas áreas: Capital de Expansão e Investimentos Alternativos. Who2 A equipa C2 é composta por um conjunto de profissionais com track record reconhecido e vasta experiência nos setores de capital de risco, corporate finance, consultoria e gestão de empresas. What2 A C2 Capital Partners, como afiliada da Gaw Capital Partners, investe mais do que capital em empresas do seu portefólio. Os membros da equipa da C2 Capital Partners dedicam toda a sua energia, experiência e empenho para apoiar o crescimento do negócio das empresas em carteira. A Gaw Capital Partners é uma empresa de gestão de fundos de capital de risco com uma posição única, centrada nos mercados imobiliários a nível mundial. Especializada em acrescentar valor estratégico a imóveis subutilizados através de redesenho e reposicionamento, os investimentos da empresa abrangem todo o espetro de sectores imobiliários com as suas próprias plataformas operacionais de gestão de activos em parques comerciais, de retalho, residenciais, hoteleiros, de promoção imobiliária, logísticos, de IDC e de ciências da vida. Para além de Portugal, a Gaw Capital tem escritórios em 15 locais, incluindo Hong Kong, Singapura, Xangai, Tóquio, Seul, Los Angeles, São Francisco e Londres. Para além do investimento imobiliário, a Gaw Capital Partners também investe num portfólio diversificado de empresas em vários sectores verticais de risco, imobiliário / PropTech e em várias geografias. O Gaw Growth Equity Fund investe principalmente numa carteira de activos tangíveis no sector ESG e das energias limpas/renováveis, incluindo energia solar, eólica, baterias, reciclagem, processamento de biocombustíveis, conversão de biomassa e outras instalações comerciais e industriais, optimizando simultaneamente a diversificação, a estabilidade da distribuição, a cobertura da inflação e a atenuação da volatilidade. Desde 2005, a Gaw Capital levantou sete fundos mistos destinados às regiões da APAC. A empresa também gere fundos de valor acrescentado/oportunistas nos EUA, um fundo pan-asiático de hotelaria, um fundo europeu de hotelaria e um fundo de acções de crescimento, e também presta serviços para investimentos de crédito e investimentos directos em contas separadas a nível mundial. A Gaw Capital angariou capitais próprios no valor de 23 mil milhões de dólares desde 2005 e conta com activos de 36 mil milhões de dólares sob gestão no primeiro trimestre de 2023.

Historically, economies and emissions have grown in lockstep. We invest in companies that break this link, growing the economy while reducing global emissions. We invest in companies driving Green Growth. We work together as a team to find, build and support companies that are modernizing and revolutionizing the traditional industries like transportation, manufacturing, agriculture, energy, supply chain, and logistics, that together make up over half of the global economy. As Investors, We:PRIORITIZE SERVICE TO THE PORTFOLIO We are attentive to entrepreneurs’ needs, are responsive, and are respectful. We see ourselves as service providers to our portfolio and aim to be a “go-to” board member for our portfolio companies. VALUE ENTREPRENEURIAL EXPERIENCE All of our partners have founded companies or have actively incubated companies as founding board members. We have empathy and a fundamental respect for the entrepreneurial experience. BRING A POWERFUL NETWORK OF CUSTOMERS AND CO-INVESTORS We cultivate and manage a network of more than 500 executives at major industrial and technology companies to assist our teams with product feedback, partnerships or potential customer relationships. Selling into ‘old-school’ industries takes both novel technology and novel business model approaches, as well as connections to forward-thinking early adopters. We connect our portfolio to a network that accelerates time-to-market and tests new ideas for young companies. OPERATE AS A TEAM We have worked together as a team for over eight years and have developed high-functioning, direct communications and processes to collaborate on investment execution and assist on portfolio work. Importantly, our journey together through both successes and failures provides us with a clear, shared view of what makes businesses successful. VALUE INTEGRITY AND TRANSPARENCY These values inform our behavior with each other, with investors, with portfolio companies, and with other stakeholders. We build value through trusting relationships with entrepreneurs and stakeholders. We hold ourselves to the same standard with every company and person with whom we interact: portfolio companies, competitors, other investors, and ecosystem participants. We are equally open about good and bad news. We don’t use information as currency. We strive to be apolitical. INTEGRATE WORK AND VALUES We back mission-driven teams. Our experience is that mission-driven teams who believe they will change the world for the better build more successful companies than mercenary teams. We are driven to have a positive impact, and we choose to work with companies that share those values. LEVERAGE OUR ROOTS AT KLEINER PERKINS Years of managing the Green Growth Fund at Kleiner Perkins, a partnership with a 45-year track record, have ingrained many of the foundational goals and practices that shaped Kleiner Perkins: a focus on entrepreneurs, active company building, and a willingness to think big. We remain actively involved with Kleiner Perkins as we continue to manage the firm’s Green Growth Fund and its existing portfolio companies. We are also headquartered in Silicon Valley, at the center of California’s technology ecosystem. This presence and network offers visibility into cutting edge technologies that will disrupt large industries in the coming years.

Verod-Kepple Africa Ventures (VKAV) is the first fund by Verod-Kepple Africa Partners, a joint venture between Verod Capital Management Limited and Kepple Africa Ventures. Launched in 2021, VKAV is a US$60 million pan-African venture fund investing in scalable, tech-enabled, post-revenue businesses bringing about transformative change by addressing difficult challenges across various industries on the continent. Our portfolio companies currently consist of Moove, NowPay, Koko Networks, Ceviant, Chari, Shuttlers, Nawy, Julaya, Chefaa, Cloudline, mTek, Zone, Tagaddod, WorkPay and Autochek. We are supported by a diverse group of prominent global institutional investors and family offices with extensive experience in investing in emerging markets.

Climate Investment is an independent organization founded by members of the Oil and Gas Climate Initiative. OGCI members have invested in our funds, and have deployed many of our portfolio company innovations, supporting their early commercial development. We invest in innovations that deliver capital-efficient decarbonization solutions and drive their market adoption through our partner networks to accelerate scaled impact. Our team looks for opportunities that can deliver strong, quantified GHG-impact and an attractive risk-adjusted return. Operational since 2017, we have focused our efforts on attracting a team of specialists who are leaders in their disciplines, developing robust impact quantification, building a portfolio of outstanding innovations and cultivating our partner networks. We believe that engaged, cross-sector collaboration is necessary to driver accelerated, capital-efficient decarbonization. Quantifying impact Our primary goal is to drive the market adoption of our portfolio companies’ solutions to maximize their impact. Increasing the allocation of capital into climate innovations requires robust and objective metrics for evaluating the potential carbon reduction impact of different investment opportunities. We have developed and operationalized a GHG impact measurement methodology for our firm and funds and have used the methodology to set targets and measure impact delivery. We share our methodology with our portfolio companies and help them operationalize their impact reporting. Planned (future) emissions reduction is key to directing our investment. We co-founded a collaborative initiative, Project Frame, a platform seeking to introduce a common framework for assessing the future GHG impact of investments. Project Frame1 works with approximately 753 participating community members, of which some 257 are investors with over $8.47 trillion in AUM, or $444 billion in venture capital/private equity AUM. The methodology quantifies past (“realized”) and future (“planned”) impact of our investments on GHG emissions, measured in tonnes of carbon dioxide equivalent. Driving innovation & market adoption We invest in three core themes: venture capital and growth equity companies that can demonstrate significant reduction in methane or carbon dioxide emissions (CO₂), carbon capture, recycling and/or storage. Every investment is scrutinized for its ability to generate impact at scale. Climate Investment provides early-stage to growth capital to companies with solutions for energy systems, buildings, transport and industry, including cement, steel, chemicals, power and agriculture. We invest in early to growth-stage opportunities, focusing on accelerating market adoption through deployment to demonstrate and prove our portfolio companies’ innovations, enabling those deployments to develop into commercial contracts. We also provide growth capital to companies at a later stage of development where we can support them through pivotal stages to scale market adoption and impact.

With each investment we consider the lasting impact on future generations. Our primary focus is on supporting growth companies. Building stronger and more sustainable companies in order to accelerate positive change, our mission is making impact mainstream. Vision on impact At SevenGen, we believe that a sustainable world can be achieved through individual choices. Your choices of today conduct the impact for generations to come. As meaningful impact is driven by innovative companies that offer sustainable solutions to a wide audience, we focus our investments on sectors with the highest positive impact on climate. To achieve this synergy, we rely on our extensive experience and network. Our managing partners have consistently delivered both impact and strong financial returns since 2015. Identifying and supporting impactful opportunities, SevenGen builds upon a rigorous investment approach and solid knowledge of the field, to accelerate positive change through growth capital. Vision on investing SevenGen prioritizes companies with strong management, clear risk profiles, solid governance, high impact potential and a commitment to setting the new standard to their industries. Within our field, we target companies with the ability to be price competitive in order to reach a wider audience and make their products mainstream. How we create value in our portfolio? Through strategic planning for growth and strengthening of teams using our ambassador network. We offer disciplined financial management and pursue international opportunities. Our commitment to transparency and accountability ensures we closely monitor and adapt to financial, impact, and operational metrics, driving long-term success for our investments. Team Allow us to introduce our dedicated and dynamic team: Frederik Deutman, Pieter Smit, and Rass Butt, all armed with extensive expertise in driving positive change through climate impact investments. Core to our success are our joint values of ambition and reliability, connecting to whom we work with and for, thinking beyond generations and adding a bit of fun into each endeavor. Join us on our exciting journey towards impactful and profitable investments.