Climate Finance Fund Features Prime’s Growth in Strategy Evaluation

Prime is grateful to be featured in Climate Finance Fund’s recent strategy evaluation, alongside other heavy hitting leaders like BlackRock, The Climate Finance Partnership, The Hive Fund for Climate and Gender Justice, Clean Energy Credit Union, Adasina Social Capital, VC Include, The Greenlining Institute, and Climate Policy Initiative, among others.

The report highlights Prime’s transformative work in integrating Diversity, Equity, and Inclusion (DEI) throughout our organization, a journey that began with crucial organizational effectiveness funding from the William and Flora Hewlett Foundation. With the insightful guidance of Desiree Adaway and The Adaway Group, this support has enabled us to establish robust internal DEI mechanisms, including a dedicated DEIB (Diversity, Equity, Inclusion, and Belonging) staff working group, diversity targets within our investment processes, and proactive management of social impacts and co-benefits across our investments.

Additionally, the report underscores the growth of our Prime Impact Fund, which, with William and Flora Hewlett Foundation and Climate Finance Fund’s catalytic support, expanded from $50 million to a staggering $239 million through our second program managed by Azolla Ventures. Their early commitment to Prime Coalition was instrumental in shaping the early-stage venture capital landscape to prioritize startups with the potential for gigaton-scale climate impact.

We are immensely grateful for Hewlett and Climate Finance Fund’s partnership and support, including the visionary leadership of Marilyn Waite from the Climate Finance Fund and Jonathan Pershing from the Hewlett Foundation. Their support has been pivotal in enabling both our internal growth and our mission-driven impact on the climate tech sector. This recognition is a testament to our collective commitment to driving systemic change and our ongoing dedication to embedding DEI principles at the core of our operations.

Take a peek at the full strategy evaluation here.