Greentown Announces $4M+ in Funding, New Board Members

Dear Friends of Greentown, Today we were excited to announce more than $4M in funding from a dynamic mix of partners across our ecosystems of Houston, TX and Somerville, MA. This funding will bolster Greentown’s financial position and help our leadership team prepare for Greentown’s next chapter supporting even more climate and energy-transition entrepreneurs. The funding was provided by a joint partnership between Houston and Massachusetts investors and entities, including Bobby Tudor, CEO of Artemis Energy Partners and Chairman of the Houston Energy Transition Initiative at the Greater Houston Partnership; David Baldwin, Co-founder of OpenMinds and TEX-E and Partner, SCF Partners; Rice University; MassDevelopment, Massachusetts’ development finance agency and land bank; and the City of Somerville. This diverse group of partners shines a spotlight on the synergies of our two home ecosystems—their entrepreneurial spirit and leadership, engineering strength, brilliant business minds, and collaborative efforts to tackle major challenges like climate change. Building on Greentown’s strong track record of supporting more than 575 startups and its expansion to Houston in 2021 as the city’s first-ever climatetech incubator, this injection of capital reflects the important role Greentown plays in its ecosystems. Further, it underscores the investors’ and partners’ long-standing commitment to catalyzing innovative climate and energy-transition technologies to help address the climate crisis. In tandem with this funding announcement, Greentown is proud to introduce our newly appointed board of directors, featuring prominent leaders from the Greater Houston and Greater Boston climatetech and energy innovation, entrepreneurship, and investment industries: Bill Aulet, Ethernet Inventors Professor of the Practice of Entrepreneurship (MIT Sloan) & Managing Director of the Martin Trust Center for MIT Entrepreneurship David Baldwin, Co-founder of OpenMinds and TEX-E; Partner, SCF Partners Georgina Campbell Flatter, Co-founder and Executive Director of TomorrowNow Jason Hanna, Co-founder of Greentown Labs; Head of Product, AI Solutions Group at Analog Devices Bob Harvey, Former President and CEO of Greater Houston Partnership; Board Member of TEX-E John Hitt, General Counsel at the Massachusetts Clean Energy Center Juan Carlos Morales, Founder and Managing Director of Surfside Capital Advisors; Board Member of MassDevelopment Pam Reeve, Former CEO of Lightbridge; active public, private, and nonprofit board member Jane Stricker, Senior Vice President, Energy Transition and Executive Director of the Houston Energy Transition Initiative at the Greater Houston Partnership Bobby Tudor, Greentown Labs Board Chair; CEO of Artemis Energy Partners; and Chairman of the Houston Energy Transition Initiative at the Greater Houston Partnership We are grateful to these investors and the new board members for their commitment to advancing Greentown’s mission: accelerating climatetech innovation and commercialization by empowering entrepreneurs and enabling collaboration. The future is bright for Houston and Boston’s climatetech ecosystems, and we look forward to expanding our impact and championing even more climatetech startups thanks to this support. Warmly, The Greentown Team