LA Venture: FullCycle’s Kyle Adkins On Addressing the Climate Crisis Piece-by-Piece

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.

As climate change forces industries to radically shift their approach, FullCycle Climate Partners’ Kyle Adkins is eagerly investing in the tech that can address the crisis.

On this episode of L.A. Venture, Adkins talks about the climate tech landscape and FullCycle’s innovative model, which focuses not only on investing in a given company, but also the projects it has in development -- including building large physical plants and infrastructure to support it.

"Because our model is not something that is widely seen in the market today, [our portfolio companies] might be looking to raise [up to] $40 million. But the vast majority of that is actually to fund that first commercial facility " said Adkins.

FullCycle’s investment into both the platform and the infrastructure enables the startups that they are funding to attract customers because often customers don’t want to take the risk of partnering until they can see the promised large-scale manufacturing in operation.

"It’s caught in this ‘chicken or egg’ dynamic where you can't build the facility unless you know that the commercial demand is there. But then you can't get the commercial demand if you don't have the facility," said Adkins.

One of FullCycle’s recent deals was with fashion industry disruptor, Evrnu. The company takes textile waste, breaks it down and regenerates it into new fibers and pulp for new textiles. Its clean process has attracted collaborations with companies including Levi's, Target and Adidas.

Adkins says he likes to invest in companies like this because the fashion industry is a significant contributor of carbon emissions.

Instead of attempting to address global warming’s likely impact over the long term, Adkins said the investment firm focuses on the coming 20 years.

"If you can tackle those short lived climate plans, you're going to get a higher return on investment in a shorter timeframe in terms of your climate impact," said Adkins.

dot.LA Engagement Intern Joshua Letona contributed to this post.

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‘Completely Unacceptable’: Latino Founders Only Accounted for 2% of All Venture Funding Last Year

Samson Amore

Samson Amore is a reporter for dot.LA. He previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Samson is also a proud member of the Transgender Journalists Association. Send tips or pitches to and find him on Twitter at @Samsonamore. Pronouns: he/him

Image courtesy of Shutterstock
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Zac Estrada

Zac Estrada is a reporter covering transportation, technology and policy. A former reporter for The Verge and Jalopnik, his work has also appeared in Automobile Magazine, Autoweek, Pacific Standard, and BLAC Detroit. A native of Southern California, he is a graduate of Northeastern University in Boston. You can find him on Twitter at @zacestrada.

Image courtesy of Superpedestrian

While the electric scooter market might appear flooded based on how many of the vehicles are scattered along sidewalks in major U.S. cities, there is yet another company on the block trying to make the case for alternative mobility solutions across the country, including here in Los Angeles.

Founded in Cambridge, Mass., in 2013, transportation robotics startup Superpedestrian launched its LINK e-scooter network in its hometown (which is also home to Harvard and MIT) in early 2020—just as the coronavirus pandemic put the brakes on demand for shared services like ride-sharing, bike-sharing and, of course, e-scooters.

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Molly Wright
Molly Wright is an intern for dot.LA. She previously edited the London School of Economics’ student newspaper in the United Kingdom, interned for The Hollywood Reporter and was the blogging editor for UCLA’s Daily Bruin.
Image from Shutterstock

Snap is upping its game when it comes to both augmented reality and ecommerce.

The Santa Monica-based social media giant has launched a series of updates to its Snapchat app’s AR shopping experience, including easier-to-use features for consumers and real-time analytics for brands and retail partners, as reported by Techcrunch and Adweek.

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