This episode is part of our Capital Series hosted by Jason Jacobs. This series explores a diverse range of capital sources and the individuals who drive them. From family offices and institutional LPs to private equity, government funding, and more, we take a deep dive into the world of capital and its critical role in driving innovation and progress.

Sebastian Heitmann is a partner at Extantia Capital.

Extantia Capital is a platform to invest in breakthrough technology solutions that address the climate crisis via mitigation and adaptation. The 300 million euro platform includes Extantia Flagship, which backs scalable deep decarbonization companies; Extantia Allstars, which partners with mission aligned climate tech, venture capital fund managers; and Extantia Ignite, a sustainability hub, advancing knowledge and competence in climate innovation and ESG practices.

In this episode, we cover:

[02:02]: An overview of the Extantia platform and its investment strategies
[03:03]: What Extantia looks for when evaluating opportunities
[05:14]: Sebastian's background and the origin of Extantia
[08:32]: The changing market and political environment that created opportunities for Extantia
[12:19]: The unique skillsets and expertise within the Extantia partnership
[16:10]: The evolution of Extantia, starting with a pilot fund
[18:06]: Extantia's extension projected impact calculation (EPIC) methodology for measuring impact
[19:43]: The current fund structure and status of fundraising for Extantia's Flagship fund
[20:18]: Extantia's focus on B2B tech solutions that address the "energy trilemma"
[22:25]: Investment opportunities in the hydrogen economy and breakthrough cooling tech
[25:29]: How Extantia thinks about returns and why Sebastian doesn't like the term "impact fund"
[27:44]: The kinds of LPs the firm targets, including pension funds, insurance companies, sovereign wealth funds, and corporates
[31:14]: The need for successful exits in the climate tech space
[33:00]: How current energy models underestimate the impact of innovation
[38:56]: Alignment between the US and Europe in climate tech innovation and investment
[43:43]: The types of clean energy tech Sebastian is most excited about
[45:54]: Advice for people seeking a career transition into the climate sector
[47:24]: Who Sebastian wants to hear from

Resources mentioned:

Speed & Scale: An Action Plan for Solving Our Climate Crisis Now (John Doerr)
How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need (Bill Gates)

Get connected:
Jason Jacobs Twitter / LinkedIn
Sebastian Heitmann LinkedIn
MCJ Podcast / Collective

*You can also reach us via email at info@mcjcollective.com, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.

Episode recorded on June 20, 2023 (published July 12, 2023)

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*Editing and post-production work for this episode was provided by The Podcast Consultant

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