In brief: Climate-focused Buoyant Ventures collects more than $50m

The women-led firm is targeting $100m.

Climate-focused venture firm Buoyant Ventures has raised over $50 million for a new fund, according to an SEC filing. The fund, which has a target of $100 million, has attracted 75 investors so far, the filing shows.

Founded in 2019 and based in Chicago, the women-led venture firm invests in early-stage companies with digital solutions to climate change. It was launched by Amy Francetic and Allison Myers. Francetic founded and ran Energize Ventures and Clean Energy Trust, while Myers was a senior manager in Accenture Strategy’s utilities, sustainability and smart cities practices. Myers is also an adviser to the Michigan Social Venture and Climate Funds.