GOVO Enterprise Companions, together with M4 Investing and the Florida Alternative Fund, is co-leading a $5M seed funding spherical in Miami-based Variety Designs. That is the third portfolio firm funding GOVO has made since saying the launch of its enterprise fund, GOVO Fund I, in January.

Variety Designs is a climate-tech startup producing eco-friendly, 3D printed seawalls to guard coastal communities from rising sea ranges. By the usage of patent-pending expertise, Variety Designs prints Residing Seawalls that mimic coral reefs and mangroves – internet hosting biodiversity and bettering the standard of the water. The Residing Seawalls sequester carbon and gather water high quality knowledge by embedded sensors.

“In response to sea degree rise, authorities businesses all through the world will search to undertake coverage and steerage for ecologically accountable sea partitions. By making use of its proprietary and progressive expertise, Variety Designs is setting the usual and fixing a worldwide drawback. We stay up for collaborating with our co-investors and the Variety Designs group as they work to change into the market chief within the area,” mentioned Rob Panepinto, Managing Basic Associate at GOVO.

”We’re thrilled to have a Florida-based agency with deep roots in the neighborhood and authorities experience lead our spherical, enabling us to guard all coastal cities with Variety’s Residing Seawalls and develop far past our house state of Florida,” mentioned Anya Freeman, Founder and CEO of Variety Designs.