What Collateral Good does

Collateral Good is a Zurich-based, climate-first venture capital platform founded in 2021 by co-founders Mariana Gonzalez and Michael Kleindl. The firm manages multiple thematic SFDR Article 9 ('dark green') venture funds focused on transforming polluting industries — Food, Packaging, Textile & Fashion, with Buildings forthcoming — through equity investments in science- and technology-driven startups. Its portfolio of 14 named companies spans precision fermentation (Chromologics, Geltor, The Every Company), cultivated and plant-based proteins (Mosa Meat, Planted, Algama, Livekindly Collective), compostable and reusable packaging (TIPA, PulPac, Nfinite Nanotech, RE-ZIP, Sykell), circular textiles (CLIMATEX, Simplifyber, Ravel, Brightplus, THE 8 IMPACT, Polybion), and AI-enabled operational tools (Synflux, Foodforecast). Combined AUM exceeds EUR 140M across three funds, with corporate LPs including HUGO BOSS, Bimbo, HAVI, SIGMA, Amcor, Delivery Hero, and Suzano Ventures.

The firm generates revenue through management fees and carried interest on its VC fund products, distributed via an Investment Platform umbrella to family offices, institutional investors, and corporate partners. Its Corporate Innovation Platform provides participating corporates with privileged access to portfolio companies, enabling commercial validation and scale-up pathways in exchange for strategic capital commitments. Distribution is relationship-driven: deal flow originates from founder networks, accelerators, and ecosystem referrals, while LP fundraising is conducted via direct outreach and competitive bid processes (e.g., Deloitte Luxembourg mandate for the Food Fund). The operating model is sales-led with a small core team (~13 people including four Partners, a CFO, Impact Manager, and operations/associates), lean relative to the AUM under management.

Name

Collateral Good

Legal name

Collateral Good

Website

https://collateralgood.eu

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Zurich-based climate-first venture capital firm founded in 2021 that manages SFDR Article 9 thematic funds investing in sustainable food, packaging, and textile startups, serving family offices, institutional investors, and corporate partners including HUGO BOSS.

Ownership category

akta.pro rank

Product category

Climate-focused Venture Capital Fund Management

NAICS

Other Investment Pools and Funds (5259), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Strategic / Balance-Sheet CVC (On-balance-sheet investing) (FSANAHAA)

akta.pro secondary industry

Corporate Fintech / Insurtech CVC (Financial-services-led CVC) (FSANAHAK)

Keywords

• Venture capital services
• Climate-first investing
• Impact investing funds
• Sustainable technology venture capital
• Thematic ESG funds

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Venture Capital Fund Management: Collateral Good generates revenue through management fees and performance/carried interest fees from its venture capital funds. The firm manages multiple thematic SFDR Article 9 fund products across Food Innovation, Packaging Innovation, Textile & Fashion Innovation, and an umbrella Investment Platform, with combined AUM exceeding EUR 140M.
2. Fund Management Mandates: The firm secured a mandate to manage the EUR 100M Sustainable Food Fund (Collateral Good Food Innovation I, formerly Blue Horizon Ventures I), following a competitive bidding process organized by Deloitte Luxembourg with support from approximately 85% of existing Limited Partners.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Collateral Good is a climate-first venture capital firm that manages multiple SFDR Article 9 thematic fund products investing in early- to growth-stage startups developing sustainable technologies in food, packaging, and textile & fashion. The firm deploys initial cheques of EUR 1–3M into portfolio companies and supplements fund management with a Corporate Innovation Platform that connects corporate partners (HUGO BOSS, Bimbo, HAVI, Sigma, Delivery Hero, Amcor) to portfolio innovations for de-risking and scale-up. Combined assets under management exceed EUR 140M across three funds, with an umbrella Investment Platform offering diversified thematic exposure to investors.

Product overview

Collateral Good is a pioneering multi-strategy investment firm (venture capital platform) established in 2021, offering a portfolio of SFDR Article 9 thematic fund products complemented by an umbrella Investment Platform and a Corporate Innovation Platform. The four core thematic fund products are: Food Innovation Fund I (investing in sustainable food and agro technology), Textile & Fashion Innovation Fund I (investing in circular textile solutions), Packaging Innovation Fund I (investing in sustainable packaging), and an Investment Platform that aggregates all thematic strategies. The Corporate Innovation Platform provides corporate partners strategic access and de-risking capabilities. The firm manages over €135M in assets under management and partners with visionary entrepreneurs to transform polluting industries into sustainable circular systems.

Differentiator

Problem solved

Functional benefit

Products and services

• collateral good® Food Innovation Fund I A SFDR Article 9 impact fund investing in entrepreneurial teams using science and technology to reshape food and agro systems, including plant-based alternatives, precision fermentation, and cultivated food. Provides flexible funding and expertise in ESG and commercialization to founders globally.
• collateral good® Textile & Fashion Innovation Fund I A SFDR Article 9 impact fund driving circular materials, smart recycling, and sustainable manufacturing solutions to reshape fashion's environmental footprint. Targets the textile and fashion value and supply chain with initial cheques of EUR 1–3M.
• collateral good® Packaging Innovation Fund I A SFDR Article 9 impact fund financing circular packaging, sustainable materials, and food waste reduction solutions, addressing the global plastic crisis by funding compostable and reusable packaging innovations.
• collateral good® Investment Platform An umbrella investment platform that unites Collateral Good's thematic funds in food, packaging, textiles, and buildings, providing Limited Partner investors with aggregated access to all thematic strategies for a highly diversified portfolio of mission-aligned investments.
• Corporate Innovation Platform A service platform providing participating corporate partners — including Sigma, Delivery Hero, Bimbo, HAVI, HUGO BOSS, and Amcor — with unmatched access and insight benefiting their priority strategies, while enabling the de-risking and scale-up of portfolio investments through bidirectional innovation transfer.

Quantifiable outcome

• 4 portfolio companies named in TIME and Statista World’s Top GreenTech Companies of 2025 out of 8,000+ assessed companies, with 2 reaching top 10 (Planted #5, Mosa Meat #10).
• +4 more outcomes

Named customers23 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• IE UniversityminorStrategic or Co-development Partner · 1 October 2025Co-organizer of the Saudi Fabric of the Future forum alongside Collateral Good and the Saudi Fashion Commission.
• Misk City (Mohammed Bin Salman Nonprofit City)minorStrategic or Co-development Partner · 1 October 2025Misk City co-hosts the Saudi Fabric of the Future forum as a venue and co-organizing partner, providing the entrepreneurial community platform for the sustainable fashion and textile innovation event.
• Proaltus Capital PartnersminorStrategic or Co-development Partner · 1 October 2025Co-organizer of the Saudi Fabric of the Future forum alongside Collateral Good and the Saudi Fashion Commission.
• Saudi Fashion CommissioncoreStrategic or Co-development Partner · 1 September 2025Collateral Good co-organizes the Saudi Fabric of the Future forum with the Saudi Fashion Commission, IE University, Misk City, Entrepreneurs' Community by Misk, and Proaltus Capital Partners. This invite-only event unites global and local innovators, investors, and industry leaders to accelerate sustainable transformation of fashion and textiles in the Kingdom of Saudi Arabia.
• Deloitte LuxembourgcoreStrategic or Co-development Partner · 20 August 2025Deloitte Luxembourg organized the competitive bidding process for the EUR 100M Sustainable Food Fund mandate (Collateral Good Food Innovation I, formerly Blue Horizon Ventures I), with support from approximately 85% of existing Limited Partners. This process led to Collateral Good taking over fund management.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Lowercarbon Capital: US-based climate venture fund backing companies that reduce CO2 across energy, food, industry, and built environment. Comparable as a dedicated climate-first VC platform with a multi-thematic approach to decarbonization.
• Astanor Ventures: European VC firm investing across the agrifood value chain from soil to plate. Closely comparable given Collateral Good's Food Innovation Fund I focus on alternative proteins, precision fermentation, and cultivated food.
• Closed Loop Partners: US-based investment firm focused on circular economy, sustainable food, and packaging. Directly comparable as a thematic, impact-aligned fund manager targeting similar sustainability verticals (food, packaging, materials) with corporate LP engagement.
• Creadev: European family-owned investment firm deploying capital across agritech, food, and sustainable consumption. Comparable for European footprint, food/sustainability focus, and multi-stage approach to climate and impact investing.
• 2150: European VC fund investing in sustainable technologies for the built environment and urban systems. Comparable multi-thematic climate-first strategy with corporate partner engagement, and overlap with Collateral Good's upcoming Buildings vertical.
• Material Change Initiative: Early-stage VC focused on next-generation sustainable materials replacing animal-derived and fossil-based inputs. Directly comparable given Collateral Good's textile, fashion, and packaging portfolio (CLIMATEX, Brightplus, Simplifyber, PulPac, TIPA).
• Planet First Partners: European sustainable investment management platform focused on eco-solutions across food, energy, and circular economy. Comparable as a sustainability-led investment platform — and notably Collateral Good Partner Damian Hills previously advised Planet First Partners.

Broad incumbents

• Khosla Ventures: Large US VC firm with a substantial climate and sustainability practice covering food, materials, energy, and industrial decarbonization. Comparable in investing in hard-tech climate solutions, though Collateral Good is more thematic and Europe-focused.
• Obvious Ventures: Larger, established impact-focused VC firm backing companies across climate, health, and economic empowerment. Comparable thesis on mission-aligned investing, though broader scope and significantly larger fund size than Collateral Good.
• Breakthrough Energy Ventures: Multi-billion-dollar climate VC fund backed by Bill Gates and global corporates investing across food, energy, buildings, and transportation. Comparable climate-first thesis but vastly larger scale and longer-duration capital than Collateral Good.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/collateralgood

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments12 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Collateral Good