Amy Duffuor Discusses Bridging Climate Gaps with Catalytic Capital with ImpactAlpha

Many investors look at promising new climate solutions and say, ‘Great, come back to me when you have traction.’ Azolla Ventures is more likely to say, ‘How can we help you get there?’

Azolla, launched in 2021 by the nonprofit Prime Coalition as a follow-on to its 100% catalytic climate Prime Impact Fund, just clinched $239 million, combining $80 million in philanthropic capital with $159 million in impact-aligned investment capital.

Prime was an early supporter of startups such as Lilac Solutions, a developer of novel lithium extraction technology that went on to raise $170 million from investors including Breakthrough Energy and T. Rowe Price. Azolla, which blends both catalytic and commercial capital, aims to de-risk solutions with big decarbonization and commercial potential. “We’re really trying to peel back the layers and find those diamonds in the rough and the climate verticals that are falling through the cracks,” says Duffuor, a general partner.

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