Aviva Investors to launch £250m Venture Capital Fund for Climate Tech Startups

Aviva Investors, the asset management arm of insurance giant Aviva, has received regulatory approval to launch a £250 million venture capital fund focused on climate technology startups. The fund, named Climate Transition Venture Capital Fund, aims to invest in early-stage companies developing innovative solutions to combat climate change.  

The initiative is being spearheaded by Mark Versey, CEO of Aviva Investors, who has been instrumental in driving the firm’s sustainability-focused agenda. Daniel McHugh, Chief Investment Officer for Real Assets, is playing a key role in shaping the fund’s strategy, leveraging his expertise in sustainable investments. Mirza Baig, Chief Sustainable Investing Officer, is also contributing to the fund by ensuring it adheres to strict environmental, social, and governance (ESG) principles.  

The Climate Transition Venture Capital Fund will target investments in areas such as clean energy, sustainable transport, and carbon removal technologies. This aligns with Aviva’s broader commitment to achieve net-zero carbon emissions by 2040. Mark Versey emphasized the fund’s importance in supporting the transition to a low-carbon economy while fostering innovation in climate-focused ventures.  

This move reflects the growing trend of institutional investors allocating capital to climate technology and reinforces Aviva’s leadership in sustainable investing.