
Twynam Earth Fund II
Better technology.
Better economics.
Backing cleaner technologies
with a real economic advantage.
For wholesale clients only
- Investment stage
- Pre-seed → Series A
- Initial investment
- US$100K–US$3M
- Investment reach
- Global
The investment thesis
Cleaner wins.
When the economics work.




Engineers. Operators. Investors.
A closer look
The detail,
when you need it.
A global mandate. An engineering mindset.
Where we invest
Early-stage industrial decarbonisation, from pre-seed to Series A, with initial investments of US$100K–US$3M. Sourced globally from Sydney, Singapore and Bangalore.
What we look for
- Competitive unit economics
- Frontier innovation
- Scalable models
- Defensible moats
- Alignment with a lower-carbon future
- Exceptional founders
How we work with founders
Our diligence starts with engineering. We lead, co-invest or follow depending on the stage and round, and contribute where we can add value. Founders get access to people who have run plants, farms and fleets.
We have strong rules around follow-on investments and do not run continuation funds. We tell founders early what we can and cannot do.
Fund structure & governance
Twynam Funds Management is part of Twynam Investments, the Kahlbetzer family’s holding company. Every investment requires a unanimous vote from the three-member Investment Committee.
Investors in Earth Fund I and Earth Fund II have no exposure to the other businesses owned by Twynam Investments.
Twynam Funds Management Pty Ltd (ACN 665 482 119), CAR 1302016 of Boutique Capital Pty Ltd (AFSL 508011).
Track record · Earth Fund I
Our first fund.
Earth Fund I, 2023 vintage.
The same team and approach as Earth Fund II. These are Earth Fund I investments, not Earth Fund II holdings.
All 14 Earth Fund I companiesWholesale clients only. Any offer of interests in Twynam funds is available to wholesale clients only within the meaning of the Corporations Act 2001 (Cth).

