Lawrence Aragon
New LPs include Dutch, Norwegian and Danish impact investment firms, venture investors and individual venture capitalists.
Despite political headwinds, climate-focused VCs are still able to raise new funds, but it is more challenging and takes much longer than it used to.
WovenEarth Ventures, which raised $152m for its debut fund of funds last year, is targeting $300m for its second effort.
The managing partner of Energize Capital, whose new Fund III is 30% bigger than its sophomore effort, shares practical advice for other GPs on the fundraising trail.
Activate Capital is seeking its third fund, while 27 other VC climate funds have already closed on a combined $7.1bn this year.
Including MCJ's new fund, climate fundraisers worldwide have now raised $6.9bn for 25 venture funds this year, according to Venture Capital Journal data.
The firm has raised $30m for its inaugural fund, which will make seed investments in healthcare data and AI start-ups that enhance cancer care and research.
Climate-focused venture funds raised a combined $6.9bn as of August 6, up from $5.2bn for all of 2023, according to Venture Capital Journal research.
Forbion, a life sciences venture capital firm, has held a first close on €75m for Forbion BioEconomy Fund I, which is targeting €150m.
Co-founder Til Klein describes Identity.vc as 'Europe’s first venture capital fund investing in early-stage LGBTQ+ led start-ups in Europe and beyond'.