Third Sphere

Company: Third Sphere

Description: Third Sphere is a venture capital and private equity firm dedicated to supporting founders who are driving transformative change within global systems. With a robust portfolio that includes more than 100 investments in prominent companies such as Cove Tool, OneWheel, and Bowery Farming, Third Sphere typically engages as a pre-customer investor. The firm offers both traditional venture capital and credit financing, in addition to providing valuable coaching and connections to an extensive network of over 12,000 customers and investors. Their focus is on reimagining and improving the planet through innovative solutions. The team at Third Sphere is recognized for their expertise, ranking in the 99th percentile among climatetech investors, as reported by NFX Signal. Furthermore, TechCrunch has acknowledged Third Sphere as one of the top 10 venture capital firms favored by founders. This distinction underscores their commitment to fostering impactful climate solutions that transcend conventional approaches. The firm posits that significant climate advancements do not necessarily resemble traditional climate solutions; rather, they manifest as improvements in products and services that are better, faster, and more affordable. Third Sphere prioritizes rapid deployment strategies that contribute to limiting global warming to a maximum of 1.5 degrees Celsius while simultaneously enhancing systemic resilience. Additionally, they remain open to exploring moonshot opportunities, recognizing the necessity of having a contingency plan in addressing climate challenges. Recognizing that a meaningful investment encompasses more than just capital, Third Sphere is committed to engaging at the earliest stages, often in a pre-customer capacity. They maintain close relationships with founders from the inception of their partnership, facilitating meaningful connections among a diverse network of founders, investors, and customers. In terms of credit financing, Third Sphere’s investment strategies are tailored to minimize dilution and protect ownership for teams without sacrificing the potential for substantial growth and impact. To achieve this, they incorporate additional financing methods, such as lending and developing asset finance structures like leasing vehicles. The Third Sphere platform serves as an essential resource for connecting portfolio founders with leading figures in climatetech—founders, investors, and customers alike. Internally, the platform is leveraged to identify the most promising investments and facilitate introductions within their expansive network, thereby enhancing the likelihood of achieving rapid impact at scale. It is noteworthy that Third Sphere has evolved from its previous identity as Urban Us, reflecting their growth and expanded focus in the venture capital landscape.

Industry: Venture Capital and Private Equity

LinkedIn: https://www.linkedin.com/company/third-sphere

Domain: http://www.thirdsphere.com/

Founded: 2013

Location: New York, New York

Address: New York, New York 11222, US

Size: 2-10 employees