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Ben Saunders
Record-breaking polar explorer, keynote speaker, Land Rover & Canada Goose ambassador. Now focussed on climate tech and impact investment.
Ben Saunders is a record-breaking polar explorer, keynote speaker, and climate tech investor. He is currently a General Partner at Kintanna Ventures, a firm he co-founded to invest in and accelerate climate tech innovation.13 Saunders has completed several notable polar expeditions, including:
- The longest human-powered polar journey in history, a 108-day round trip to the South Pole covering 1,800 miles.3
- Being the youngest person to ski solo to the North Pole.2
- Becoming the third person in history to ski solo to both the North and South poles.3
As a speaker, Saunders has given three main-stage TED talks, which have been viewed over five million times. He is recognized as a "master storyteller" by TED.3 His speaking engagements focus on leadership, resilience, and overcoming adversity, drawing from his experiences in extreme environments.23
In addition to his role at Kintanna Ventures, Saunders has held positions as:
- A Climate Scout for Sequoia Capital (June 2022 - January 2024)4
- Global Brand Ambassador for Canada Goose (August 2017 - Present)4
- Non-Executive Director at Coldhouse (November 2018 - Present)4
Saunders' career spans over two decades of polar exploration, during which he has traveled more than 4,500 miles on foot in polar regions since 2001.4
Highlights
“To enjoy rather than endure” 🌊
In today's episode I sit down with Olly Hicks, an old friend, a record-breaking adventurer, and these days, the founder of a fascinating startup.
Olly's life has been deeply intertwined with the ocean. Like me, his first big expedition was at the tender age of 23, when he made history by becoming the first person to row solo across the Atlantic from America to England, and he has since used a pair of oars or a kayak paddle to propel himself more than 7,000 miles at sea.
He has witnessed some incredible sights, including what he calls the 'nightclub under the sea’ – an awe-inspiring display of bioluminescent phytoplankton lighting up the ocean as he rowed.
Transitioning from the extreme solitude of the high seas to the collaborative venture of aquaculture, Olly’s latest adventure is as the co-founder of Algapelago. This initiative is pioneering the creation of large-scale offshore kelp farms, setting a benchmark as the UK's largest licensed kelp cultivator and offering a future model on ocean sustainability.
From learning to develop grit by understanding the importance of keeping your kit dry, to the effect that solo expeditions have on your view of the world – Olly offers a fascinating insight into both individual agency and courage, and the importance of marine restoration today.
Find the New Frontiers Podcast on all major platforms, or click the link below 👇 https://lnkd.in/e6QsUX9W
#newfrontiers #startup #venturecapital #oceanconservation
In the face of a wider VC funding slowdown, some doubts about climate-tech investing are starting to surface.
Yet, I remain convinced that the climate-tech market can not only withstand these headwinds, but is set up to thrive longer-term.
Here’s my take on the common objections I've heard:
Hardware is hard. Venture capital has its roots in hardware, and while early-stage hardware startups face an additional challenge in launching an MVP or prototype, hardware investing is 5x less competitive than software but with similar returns (link below). Plus, over 50% of the most valuable companies in the world are hardware companies.
Climate-tech is capital intensive. Yet, there has been an explosion of grant funding in the EU and the US – with the IRA and its European counterparts pouring billions into the sector. A smart CEO won’t bank on this indefinitely, but this financial support dwarfs what's available in other sectors.
Corporate budgets are tightening. Yet, the need for climate solutions is still strong, driven by increasing net-zero targets and incoming regulations. Crucially, climate-tech’s focus on cutting energy costs to reduce emissions is solving a huge, global industry pain point right now.
Climate-tech was overhyped and has faced a 40% drop in funding this year. But the context is key – as per PwC’s latest report, funding for all sectors has dropped 50% overall, with the share going into climate-tech rising slightly as a result.
The market is too competitive. Yet, the climate-tech sector is producing startups with inherent defensibility, backed by PhD led founders, and with strong IP. Plus, given the recent tech lay-offs, the shift of high-quality talent into the area is a silver lining and will be hugely beneficial overall.
So, while the challenges in the climate-tech sector aren’t to be underestimated (the growth-stage funding gap, changing regulation, scalability etc), my outlook continues to be realistically optimistic.
