Turquoise

VC Firm·London, UK·LCIF 1: £20.5M; LCIF 2: £11M; Redwheel ClimateTech fund (2024)

Turquoise International is a London-based merchant bank founded in 2002, specialising in climate technology investment and advisory across energy, environment and efficiency. The firm provides capital raising, M&A advisory and investment management services, and has executed over 85 transactions across sectors including energy, mobility and sustainable healthcare. Turquoise manages the Low Carbon Innovation Funds (LCIF), investing in companies delivering measurable greenhouse gas reductions through new technologies and business models. In 2024, the firm partnered with Redwheel to launch a UK ClimateTech growth capital fund.

Focus Areas

EnergyEnvironmentCleantechClimate TechMobilityResource EfficiencySustainable Healthcare

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Portfolio

1 company in our directory

Outfield

Agri Tech·Seed

Outfield Technologies is a Cambridge-based agritech company founded by Jim McDougall and Oli Hilbourne in 2016. The company's AI-powered platform uses drone technology and computer vision to help growers maximise yields from high-value orchard crops, particularly apples and tree fruits. The system can count individual blossoms and estimate fruit load with less than 10% error margin, with a single drone surveying 6,000 trees in under 20 minutes compared to 6+ hours of manual counting for 600 trees. Outfield's technology has been deployed across the UK, Europe, South Africa, Chile, and New Zealand, with over 1,000 reports delivered to growers. The company raised a £750K seed round in 2021 led by Turquoise, with participation from Low Carbon Innovation Fund, Cambridge Agritech, DeepTech Labs, and Amadeus, and has secured additional grant funding from Innovate UK and DEFRA.