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At one ventures: $375 million climate tech fund launched

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By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Pulse 2.0 or enjoy below

🗞️ Driving the news: At One Ventures, the climate tech venture capital firm founded by Tom Chi of Google X fame, recently closed a $375 million second fund
• This fund aims to support startups introducing groundbreaking technologies designed to rejuvenate the planet's health, particularly targeting industries like construction, energy, transport, and agriculture

🔭 The context: Funding was sourced from a diverse group of Limited Partners, including prominent entities like GenZero, World Wildlife Foundation, MacArthur Foundation, and others
• Notably, At One Ventures has prioritized inclusivity, with 40% of the founders they support belonging to traditionally under-represented groups in venture-backed companies

🌍 Why it matters for the planet: At One Ventures focuses on the bigger picture, highlighting how all parts of our environment are linked
• Their goal is beyond just sustainability; they aim for regeneration and support startups like Dendra, which helps with reforestation, understanding the value of air, water, soil, and biodiversity in nature

⏭️ What's next: At One Ventures intends to increase its investment in actively regenerative companies, setting a goal of a 20% stake in biodiversity-focused ventures by 2025
• With their Fund II being over double the size of their inaugural fund, the firm is poised to make significant strides in supporting groundbreaking sustainable ventures

💬 One quote: “It’s going to take a different kind of thinking than what got us into the climate crisis to get us out. That’s why we’ve invested in founders coming from a variety of backgrounds and on a global scale... We value diversity of thought so we can get a multi-faceted and in-depth understanding of problems in order to find tangible solutions”  (Helen Lin, Partner)

📈 One stat: Of the current 35 companies in At One Ventures' portfolio, 11 are already achieving sales of their products, reflecting the tangible impact and potential scalability of the ventures they support.

Click for more news covering the latest on green tech

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