News: Silta receives backing from Cerulean Ventures
Cerulean Ventures invests in Silta to drive forward the aligned vision to combat climate change and build a sustainable future.
Cerulean Ventures is an investment firm that believes natural assets will unlock the next $50 trillion in growth, while incentivizing the regeneration of Earth through new coordination technologies. Cerulean Ventures backs crypto/web3 companies building the infrastructure and innovations necessary to scale climate impact in this decade.
Cerulean sees Silta as a key building block to help rapidly scale sustainable project finance. “This kind of framework is critical infrastructure for the movement to stem climate change,” says Jahed Momand, co-founder and partner at Cerulean Ventures. ”Within the last 20–30 years we can find any number of examples of sustainable and successful impact investing approaches, but the problem is that with the impending climate emergency, these successful results need to be scaled rapidly and effectively. Silta can help achieve that, and that’s why Silta is absolutely necessary.”
“This kind of framework is critical infrastructure for the movement to stem climate change,” says Jahed Momand, co-founder and partner at Cerulean Ventures.
“Traditional project finance suffers from a funding gap for projects below $5 million. Cerulean is backing Silta’s mission to build a scalable methodology to collateralize impactful projects at this critical threshold to unlock funding and vastly accelerate the origination of green and impactful investments,” says Matthew Stotts, Cerulean Ventures co-founder and partner.
Silta evaluates infrastructure projects, assigns them a Silta Score to reflect the project’s viability and sustainability impact, and connects them to DeFi protocols such as Centrifuge and Rari and to TradFi lenders. Lenders are also vetted through a prequalification process before being matched with projects on Silta’s marketplace for infrastructure financing.
“At a technical level, Silta unlocks latent innovation and improves efficiency by using distributed systems, governance and coordination technologies — all key investment areas for Cerulean. More importantly, Silta was built upon a solid foundation of subject matter expertise and project development experience that we value,” Stotts says.
Cerulean Ventures takes a deeply hands-on approach informed by their own experience and background as founders and operators, helping the projects they support with technical, marketing and operational insights.
The Silta team is excited to embark on the journey with Cerulean and to leverage their expertise along the road to realizing a vision of a greener future. Co-founder Stanley Boots says: “In Cerulean we have found a strategic investor of like mind and vision. Our conversations with them always resound with great ideas for making real impacts in this world — such a refreshing approach to investment.”
About Cerulean Ventures
Cerulean Ventures backs crypto / web3 companies building the infrastructure and innovations necessary to scale climate impact in this decade. Find out more at cerulean.vc.
About Silta Finance
Silta DAO steers DeFi and TradFi towards sustainability-focused developers of real-world assets (RWA). Silta is paving the way for community-led, decentralized due diligence and impact assessment in project financing. The Silta Score represents the risks and impacts of a particular RWA project. DeFi protocols and TradFi lenders can use the Silta Score to gain insights into the use of funds and risks associated with a project. Find out more at silta.finance.
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