6:37:33 PM PDT - Sunday, August 14th, 2022

Climate-focused VC stays scorching as Buoyant Ventures targets $100M fund  

By Editor - Fri Jul 29, 1:29 pm

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Like a groundhog and its shadow, many venture capitalists see a shrinking economy and burrow away, resting their check-signing hand for better days. But climate-focused VCs are on a tear  lately, pumping well over a billion dollars per quarter into startups that strive to mitigate emissions as the Earth bakes . Buoyant Ventures is one such firm building momentum for the sector. Based in Chicago, the investor told regulators this week via an SEC filing that it has locked down just over $50 million for a new fund. Buoyant declined to comment when emailed by TechCrunch, but the filing shows the firm has been raising cash for the fund since at least May 2021. So far, 75 (unnamed) limited partners have chipped in, and Buoyant is fishing for just shy of $50 million more.  Led by Electronic Arts and Energize Ventures alum Amy Francetic and former Accenture executive Allison Myers, Buoyant’s first deal dates back to the summer of 2020. That’s when it backed Raptor Maps , which aims to help solar farms squeeze more juice from the sun by spotting issues—like panel damage and shading—with drones and sensors.

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Climate-focused VC stays scorching as Buoyant Ventures targets $100M fund

  • Comments Off on Climate-focused VC stays scorching as Buoyant Ventures targets $100M fund

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