We are pleased to have contributed to ESG_VC’s latest research in partnership with the British Private Equity & Venture Capital Association (BVCA)... Data collected from our portfolio has contributed to a total of 587 venture-backed businesses analysed in this year's report, which is supported by our friends Marriott Harrison. It's fantastic to be tackling this issue and providing essential benchmarking on ESG performance alongside leading VCs including Atomico, Molten Ventures, Pembroke VCT, YFM Equity Partners, Gresham House Ventures, Cambridge Innovation Capital, and Oxford Science Enterprises. The findings offer the most comprehensive benchmarking of ESG performance across start-ups and scale-ups, and how this performance differs by stage, sector, and geography. Key takeaways from this year’s report include: 🌳 Over the past year, the proportion of start-ups measuring their carbon footprint has almost doubled… 🗒️ Start-ups are investing heavily in people, talent and training, with 57% now offering study support to staff and 47% offering internships, apprenticeships or trainee programmes… 🤖 Responsible use of AI is an increasing focus for start-ups – 31% now offer training or codes of conduct on the topic – but is this keeping pace with the boom in generative AI? Check out the full report via the link in the comments! #ESG_VC #sustainability #responsibleinvesting
Beringea
Financial Services
Farmington Hills, MI 8,074 followers
Transatlantic venture capital investor seeking to create lasting success for rapidly scaling entrepreneurial companies
About us
Beringea is a venture capital firm empowering entrepreneurs across the U.S., U.K., and Europe to build great businesses. With offices in Detroit and London and over $715 million under management in the United States and United Kingdom, we provide patient capital and a global footprint to back founders throughout their journey, helping them overcome barriers to scale and build international success stories. Our track record of three decades of successful investing across every major industry has inspired our own entrepreneurial ethos; cultivated an exceptional network throughout the technology and investment communities; and fostered the experience required to create meaningful businesses and deliver value for our shareholders. The diversity of background, opinion, and expertise throughout our transatlantic team reflects the community of founders and companies we support and enables us to collaborate effectively with our portfolio to capitalize on opportunities enabled by technology. www.beringea.com
- Website
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http://www.beringea.com
External link for Beringea
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Farmington Hills, MI
- Type
- Privately Held
- Founded
- 1988
- Specialties
- Private Equity, Venture Capital, Mezzanine Debt, and Growth Capital
Locations
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Primary
32330 West 12 MIle Road
Farmington Hills, MI 48334, US
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55 Drury Lane
London, England WC2B 5SQ, GB
Employees at Beringea
Updates
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🌱 Sustainability is no longer a choice but a necessity for start-ups and scale-ups. 🌱 In today’s business landscape, start-ups and scale-ups are increasingly prioritizing sustainability. Regulatory requirements, consumer demands, and investor expectations are driving companies to enhance their environmental impact. A critical element of this sustainability journey is carbon accounting. Yet, within the start-up ecosystem, this concept is often misunderstood and undervalued. Recognizing this gap, we organized a session where our portfolio companies came together to explore how venture-backed businesses can effectively measure and reduce their carbon footprint. 🌍📉 Read on for insights from this session at the link below. #Sustainability #Startups #Scaleups #CarbonAccounting #EnvironmentalImpact #GreenBusiness #VentureCapital https://lnkd.in/g2KANvKp
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🏆 Celebrating two of our portfolio companies' wins at The Grocer Gold Awards! We are delighted to announce that two of our Beringea UK portfolio companies have won prestigious awards at The Grocer Gold Awards 2024. DASH Water, the zero-sugar, zero-calorie seltzer brand known for using wonky fruit in its drinks, has been named 'Soft Drink Brand of the Year 2024'. Additionally, MOTH Drinks - B Corp™, renowned for its premium ready-to-drink cocktails in a can, has been recognized as the 'Drinks Brand of the Year'. These awards highlight the remarkable efforts and dedication of the teams behind these brands, especially their visionary founders - Jack Scott and Alex Wright of DASH Water and 🍸 Rob Wallis and Samuel Hunt of MOTH. Since joining the portfolio last year, both brands have continued to disrupt the drinks industry, scale up production and distribution, and have introduced a range of exciting new flavours. Congratulations to the teams at DASH Water and MOTH! 👏 We look forward to seeing even more groundbreaking achievements in the future. #award #thegrocer #thegrocergoldawards #drinks
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✨ Beringea Investment Team Highlight - Kiu Kim, CFA - Investment Director ✨ Kiu joined Beringea in June and is responsible for sourcing investment opportunities, deal execution, and portfolio management. We asked Kiu what he's most excited about as he begins his career at Beringea: "With my background as an entrepreneur and angel investor, I truly appreciate the relentless effort Founders pour into their pursuit of something seemingly impossible. At Beringea, what excites me the most is having the opportunity to dedicate our resources in supporting Founders as they transform their bold visions into reality. To then see their businesses grow and thrive is immensely satisfying." We are thrilled to welcome you to the Beringea family Kiu! 👏
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We’re thrilled to share that Beringea U.S. portfolio company, Optilogic Inc., has been awarded Risk Management Innovation of the Year by the SupplyTech Breakthrough Awards for their groundbreaking solution, #CosmicFrog! 🏆 This prestigious award is a testament to the incredible work and innovation of the Optilogic team in transforming risk management. Congratulations to the entire Optilogic team for their outstanding achievement! 🚀 Here’s to many more milestones and successes ahead! #innovation #riskmanagement #supplytech
BREAKING NEWS! 🐸 We're honored to announce that Optilogic #CosmicFrog has been named the Risk Management Innovation of the Year by the SupplyTech Breakthrough Awards! 🏆 Thanks to SupplyTech and the outstanding Optilogic product team for making this recognition possible! #riskmanagement #riskmitigation #supplychaindesign #supplychainrisk Learn more: https://hubs.li/Q02Dp4q80
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Exciting news for Beringea U.S. portfolio Optilogic Inc. and their newest partnership with General Motors 🎉 Optilogic's Cosmic Frog supply chain design solution will allow General Motors to analyze their entire supply chain network down to the part level and conduct live test scenarios. Congratulations to Donald Hicks and the entire team at Optilogic! #supplychaindesign #cosmicFrog
BIG NEWS! 📣 We are proud to announce that General Motors Co. has partnered with Optilogic. Using the #CosmicFrog #supplychaindesign solution, General Motors can analyze its end-to-end supply chain network at group levels, such as customers, suppliers and sub-assemblies—all the way down to individual parts with separate SKUs. “It’s a privilege and an honor to have been selected by GM, and the entire Optilogic team is committed to our customers’ success,�� said Donald Hicks, CEO and founder of Optilogic. Read the press release: https://lnkd.in/gBhUc-3f
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We’re thrilled to welcome SOVATO to our U.S. portfolio and to collaborate once more with co-founder Yulun Wang, who also founded exited U.S. portfolio company InTouch Health! Congratulations to the entire Sovato team on the impressive achievement of completing a series of remote robotic-assisted surgery (RAS) procedures in a preclinical technology demonstration 🎉 We look forward to seeing the continued advancements and success of Sovato in transforming surgical technology. #telesurgery #remotesurgery #roboticsurgery
We are excited to share the successful completion of multiple remote robotic-assisted procedures using the Sovato Platform. The demonstration included seven surgeons across multiple specialties performing surgery over a 500-mile distance between Lincoln, NE, and Chicago, IL. The shared confidence felt by the surgeons in performing a remote robotic surgery was at the core of the results. As Francesco Bianco, MD, FACS. put it, "I could not tell the difference between doing surgery in my operating room or in an operating room that was 500 miles away." Thank you to Virtual Incision for your ongoing partnership and the use of the MIRA Surgical System for making these preclinical tests a success. We are just getting started! #Telesurgery #RemoteSurgery #RoboticSurgery #Innovation
Sovato Announces Multiple Successful Remote Robotic-Assisted Procedures Over a 500-Mile Distance with the Use of the Sovato Platform
businesswire.com
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We're very much looking forward to hosting a fireside chat with Sarah Harvey for the Operators & Friends community... Set up by Juhana Peltomaa, Alex Krass, and Michelangelo Pagliara, O&F has rapidly established itself as Europe's go-to network for early career operators. It offers a space to share ideas and perspectives, overcome challenges, and connect with like-minded people across Europe. We're delighted that Jodie Miller will be hosting the O&F community for a conversation with Sarah about her experiences building high-performance cultures at fast-scaling businesses such as Prodigy Finance and Block (fka Square). Any operators (and friends!) interested in joining us can sign up via the link below... #growth #operators #venture
Curious about what it takes to build a high-performing culture? ⚡ On the 9th of July, Operators & Friends and Beringea are coming together for our summer edition with our buzzing London community for an evening of friends, food, and vibes. 🇬🇧 During the evening, we'll dive into a conversation on Building a high-performance culture led by Sarah Harvey. Sarah has spent over a decade scaling hyper-growth companies like Block (formerly known as Square) and will share her key lessons on scaling people. Are you an early-career operator (or friend)? Apply and join the fun this summer!
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We are pleased to see ESG_VC go from strength to strength, hosting some of London's leading venture capital firms, limited partners, and journalists yesterday... Having led the creation of this network since 2021, it's great to see the community grow with the support of many of our friends and colleagues - not least David Strong and the Marriott Harrison team! #ESG_VC #sustainability #growth
We had a great afternoon yesterday (at least until we picked up our phones and checked the England score...) hosting the ESG_VC community with our friends at Marriott Harrison and Dawn Capital. When Beringea first set out to tackle the issue of ESG within our portfolio companies, Karen and I always set out to be practical above all else. Start-ups (and their investors) lack time and resources, so we must get straight to the nub of what's critical for them to know, and how to improve. As we subsequently built this community, we've always tried to stay true to this original objective - and that was the focus of yesterday's event for investors in the ESG_VC network. Crafting and communicating an ESG strategy is a challenge for any firm, particularly those without in-house expertise. With the support and insight of David Strong, Dianne Skurray, Daniel Jacob and the Marriott Harrison team, we hosted a quick-fire set of practical discussions about deploying an ESG strategy. Roshni Bandesha of BGF, Grace Savage of Molten Ventures and Beth Adamson of Frog Capital kicked us off by providing the practitioners' perspectives - how do ESG leads think about engaging portfolio companies, involving internal stakeholders, and communicating with LPs? Hannah Gilbert gave us the view from the other side of the table, spotlighting the vital role played by the British Business Bank on this agenda. We closed things off with a view from the media - Debra Sobel hosted a fantastic discussion with Elliot Gulliver-Needham of City AM and Freya Pratty of Sifted that offered an insight into how some of London's leading newsrooms are looking at the ESG agenda today, from the issues of greenwashing and greenhushing to the stories to watch in sustainability and responsible AI. Huge thank you to everyone involved, especially Samuel Jervier and Julie Blane for all of their help with hosting in Dawn's fantastic events space! #ESG_VC #sustainability #ESGstrategy
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We recently hosted a workshop for our portfolio companies in partnership with Zendesk, the leading platform for managing customer experiences, where we delved deep into the transformative power of Customer Experience (CX) strategies and how they can be pivotal in driving sustainable growth. 🤝 In our discussion, our guest speaker Jeremy Ambrose explored how companies can approach the design of Customer Experience (CX) strategies, the key metrics and platforms they can utilize, and the increasingly significant role of AI in enhancing CX. 👉 Read the full article below for tips on building CX strategies for growth: #CustomerExperience #CXStrategy #BusinessGrowth #Leadership #Innovation #Agile #CustomerCentric https://lnkd.in/gZ3RGyaX
Building CX Strategies for Growth
medium.com