background image

Women-led tech venture secures $152M investment: 'No one else is doing what we're doing'

author image

By illuminem briefings

· 2 min read

Illuminem summarizes for you the essential news of the day. Read the full piece on The Cool Down or enjoy below:

🗞️ Driving the news: WovenEarth Ventures, a new women-led climate tech venture based in Palo Alto, has successfully closed its first fund at $152 million, aiming to invest in early-stage climate tech startups
• These startups focus on innovative solutions to tackle atmospheric pollution and combat the effects of global warming and extreme weather condition

🔭 The context: Founded by Jane Woodward, alongside Mauricia Geissler and Denise Miller, WovenEarth Ventures seeks to facilitate investments into the emerging field of U.S. early-stage climate technology
• The venture addresses the challenge of entering this dynamic and technically complex sector by offering investors a "carefully crafted" portfolio of promising startups, aiming for significant environmental impact and returns

🌍 Why it matters for the planet: WovenEarth's approach allows broader participation in climate tech investment, potentially accelerating the development and deployment of crucial technologies for reducing carbon pollution and addressing issues like water and wildlife conservation
• This could play a vital role in advancing global efforts to mitigate climate change and promote sustainability

⏭️ What's next: WovenEarth plans not only to continue investing in climate tech ventures through selected venture capital fund managers but also to organize workshops to engage everyday investors with the sector
• This educational component aims to deepen understanding and involvement in the fight against climate change, empowering more individuals to contribute to a carbon-free future

💬 One quote: "The fundamental thesis of WovenEarth Ventures is that we're building a bridge, that's a risk-adjusted product, that in one investment, you get exposure to three or 400 companies, instead of 20 to 30," - Jane Woodward, Founder of WovenEarth Ventures.

📈 One stat: $152 million - The amount raised by WovenEarth Ventures for its first fund dedicated to early-stage climate tech startups.

Click for more news covering the latest on Green Tech

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)