Lowercarbon Capital is doubling down on betting on startups to solve the climate crisis.
What’s happening:
- Renowned venture fund Lowercarbon Capital, founded by Chris Sacca, has just raised $550M in new capital
- The fresh funding will go towards seeding new startups and backing their existing portfolio companies as they grow
Why it matters:
- Lowercarbon Capital is one of the most notable venture funds exclusively focused on climate tech
- From new ways to extract lithium to batteries to power solar energy to cultured oil Lowercarbon Capital has been extremely active in backing innovative startups
By the numbers:
- Lowercarbon Capital has now raised more than $2B USD in total making them one of the largest venture funds focused on solving the climate crisis
- Since their inception Lowercarbon has now made more than 70+ investments into climate focused startups
