Monica Varman Joins G2VP To Invest In Sustainable Initiatives

By Amit Chowdhry ● Sep 27, 2019
  • Venture capital firm G2VP announced that it hired Monica Varman for its investment team with a focus on sustainable initiatives

G2VP, a venture capital firm that is dedicated to scaling technologies that enable sustainability in traditional industries, announced it has named Monica Varman as the newest member of its investment team. And Varman is joining the company during significant momentum for the firm — which made 9 investments to date from its $350 million fund.

Varman is bringing a unique perspective to G2VP. She worked with both incumbents in industries facing major shifts and also the companies disrupting those sectors. And she was most recently a core member of the sustainability practice at McKinsey & Company where she advised senior executives in the energy and infrastructure sectors on decarbonization and growth strategies. And Varman was previously part of the business operations team at Tesla where she helped scale Model S manufacturing. Plus she also worked at off-grid solar company Zola Electric where she developed its distribution and logistics strategy in Tanzania and Rwanda.

“Multiple secular trends are creating large, investable opportunities in traditional industries, including the falling cost of energy technologies, the ability to collect and analyze massive amounts of data, and the urgency among investors, businesses, and consumers to solve the sustainability challenge,” said Varman. “The strength of G2VP’s network creates a multiplier effect for emerging companies looking to tackle these and other hard problems, and I am excited to join a team committed to making them successful.”

“At G2, we continue to believe in the enormous business opportunities related to sustainability,” added David Mount, a G2VP co-founder and partner. “Monica’s experience with both large global corporates and emerging technology companies is an exciting addition to our team, and we look forward to working with her to support the innovators and incumbents who will drive efficiency, sustainability and the technological transformation of the industrial economy in the years ahead.”

G2VP is a venture firm that spun out of Kleiner Perkins as a fund that is focused on green tech. Along with Mount, G2VP was founded by Brook Porter, Ben Kortlang, and Daniel Oros.