SP Investment Fund LLC is a firm that has focused on the provision of quality affordable housing for low and very low-income families and the elderly. Another area of focus for SP Investment Fund LLC focus is on innovative start-up companies. SP has invested in a broad cross section of companies that spans the gamut from Indian fintech unicorn Razorpay to C16 Biosciences, which subsequently received an investment from Bill Gates' Breakthrough Energy Ventures.
C16 was in the news in late 2022 as Britain’s Prince William and his partner Kate, Princess of Wales, made their first trip abroad since Queen Elizabeth II’s death. They visited Greentown, a Boston green technology startup incubator that is the largest such facility in North America. Over the past 11 years, it has supported the climate technology efforts of more than 500 enterprises.
The royals met with Shara Ticku, CEO of C16 Biosciences, and discussed her company’s pathway toward creating a sustainable palm oil alternative and decarbonizing the consumer products supply chain. She noted that while today’s oils come from carbon-intensive animals and agriculture production, the C16 Biosciences approach involves the sustainable use of yeast that has been bio-engineered to produce a palm oil alternative.
