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B Capital Names Don Wood Venture Partner Focused on Climate Tech

May 9, 2023

Mr. Wood will focus on building the firm’s climate tech strategy, team and portfolio

Mr. Wood will focus on building the firm’s climate tech strategy, team and portfolio

NEW YORK, NY – May 9, 2023 – B Capital, a global multi-stage investment firm, has announced the appointment of Don Wood as a Venture Partner focused on climate tech. In this role, Mr. Wood will expand the firm’s climate investment strategy, serve as a trusted advisor to B Capital’s growing climate team and mentor select portfolio companies.

“The world is facing urgent challenges due to climate change, and we at B Capital are committed to investing in innovative companies that will provide returns to our investors while having a real impact,” said Sheila Patel, Vice Chair and General Partner, B Capital. “With Don joining our team, we are thrilled to have a seasoned climate advisor on board who can help us identify and support the most promising climate tech startups out there.”

Mr. Wood brings over 25 years of experience as a venture capitalist and climate tech specialist to his new role. He most recently served as a managing director at DFJ as well as Venture Partner and Advisor at Energy Impact Partners and Piva Capital; these firms funded over 100 climate tech startups, ten of which became public companies or were acquired for over $1B. Mr. Wood has also served as a board member for 15 public and private companies and is a faculty member of the Stanford Graduate School of Business teaching classes in both climate tech and entrepreneurship.

“As someone who is deeply committed to addressing the urgent climate crisis, I am thrilled to be joining an investment firm that is able to take a differentiated approach to the climate tech sector,” said Mr. Wood. “With its global perspective and value-add approach to investing, including a powerful strategic partnership with BCG, B Capital is uniquely positioned to support startups in the climate sector as they navigate the complex landscape of refining their products and scaling their companies. I look forward to working with the team to identify the most promising technologies and companies to decarbonize the economy and enable the energy transition ahead.”

B Capital has been tracking opportunities in the climate sector for several years, seeing it as a critical space for investors seeking returns over the next decade and beyond. B Capital’s climate tech portfolio includes eight investments across the U.S. and Asia, such as Patch Technologies, a company that offers a suite of APIs and developer tools that connect buyers and sellers of carbon credits, and Accacia, which provides AI-enabled decarbonization solutions to the real estate industry.

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