Philip Krim, best known as a co-founder of Casper, is carving a new path in climate tech by founding Montauk Climate. This start-up platform seeks to stimulate and support the creation of businesses dedicated to combating climate change.
Combining forces with former commodity trader Evan Caron and successful lawyer Sharo Atmeh, Krim has launched Montauk Climate. Their mutual goal: to incubate entrepreneurship within climate tech and spur innovative solutions to address our changing climate. Krim’s leadership expertise, Caron’s trading know-how, and Atmeh’s legal prowess are foundational to their shared vision.
Unlike traditional investors, the Montauk team takes a hands-on approach to guide early-stage companies. They go beyond simply giving advice – they actively participate in creating the businesses they believe should exist.
Philip Krim’s new venture in climate tech
Their system fosters a fertile ground for idea generation and talent acquisition, strategically filling the unique needs of new companies.
Montauk Climate seeks to balance the hardware-heavy climate tech industry by emphasizing energy, software, and infrastructure. They aim to foster internal entrepreneurship, identify future businesses, and set aside specific teams and funding for new ventures. Collaboration with other industry companies and leaders is also a top priority to drive innovation.
Recognizing the value of its workforce, Montauk Climate creates an environment conducive for creative thinking and growth. Their vision is to become a hub of climate tech innovation and occupy a leading position in the competitive global scene.
The company has set into motion with a founding budget of $8.5 million, $7 million of which was funded by Sheel Tyle at Amplo. They are presently evaluating strategies to gain more capital from reliable venture firms and ensure sustained growth.
In anticipation of several incubated startups launching this year, Montauk Climate also plans to initiate its own venture fund. This move is geared towards drawing more innovators into the rapidly growing field of climate tech.
