primecoalition.org

Prime Coalition is a nonprofit organization based in Cambridge, Massachusetts, dedicated to catalyzing climate innovation through strategic investments. Their mission is to unlock catalytic capital to support scalable solutions that address climate change, bridging the gap for early-stage ventures that traditional investors might overlook. Prime Coalition operates several key programs, including the Prime Impact Fund (PIF) and Azolla Ventures. PIF, launched in 2018, is a $50 million fund that focuses on high-impact climate technologies. Azolla Ventures, an impact-first investment firm founded by Prime Coalition, manages a $239 million blended fund. This fund combines catalytic, charitable capital with traditional investment sources to support early-stage hardware startups with the potential for significant climate impact​. Notable investments by Prime Coalition and Azolla Ventures include companies like Lilac Solutions, which focuses on lithium extraction for battery technology, and Sublime Systems, which develops low-carbon cement. These investments highlight their commitment to innovative solutions across various sectors that can significantly reduce greenhouse gas emissions. Prime Coalition emphasizes impact and additionality, ensuring that their investments not only have high commercial potential but also meet stringent criteria for environmental impact. Their unique approach involves assessing and supporting ventures that are unlikely to secure sufficient funding from conventional sources, thereby playing a crucial role in accelerating climate solutions.