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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/05\/12\/pale-blue-dot-continues-investing-in-its-climate-vision-with-a-second-100m-fund\/<\/a><\/br> Sweden-based VC fund Pale Blue Dot<\/a> bounced onto the scene in 2020 with a \u20ac53 million fund<\/a> to help climate-focused startups. This fund grew again by \u20ac34 million in April 2021<\/a>, and after deploying investments into 28 climate-forward companies, the investor this week announced it has officially closed its second fund. This one is valued at \u20ac93 million (approximately $101 million at today\u2019s valuation), with the same thesis in mind: to support climate tech-oriented startups.<\/span><\/p>\n Founded by general partners Joel Larsson, Heidi Lindvall and Hampus Jakobsson, Pale Blue Dot looks to make pre-seed and seed investments in European-based companies, although it is open to deals from the U.S., too.<\/span><\/p>\n \u201cClimate tech is here to stay,\u201d says Lindvall in a statement to TechCrunch. \u201cAs long as the climate crisis has not been solved, we will need to keep investing more money into tech solutions. This space will continue to see accelerated growth as individuals, corporates and governments try to figure out how to decarbonise and prepare for a new world.\u201d\u00a0<\/span><\/p>\n The firm prefers to lead rounds, writing checks between \u20ac500,000 and \u20ac2 million. Out of its 28 investments to date, the firm highlights some examples of what it is looking for in the form of <\/span>Phytoform<\/span><\/a>, a British-U.S. biotech-agritech business, climate risk data analytics firm <\/span>Climate X<\/span><\/a>;\u00a0U.K.-based logistics company <\/span>Hived<\/span><\/a>, Danish EV charging platform <\/span>Monta<\/span><\/a>\u00a0and French fintech firm <\/span>Green Got.<\/span><\/a> There remain a few investments to be made from the first fund before the firm officially starts deploying funds out of its second investment vehicle. The GPs are aiming to invest in 35 startups with this fund, in sectors such as food and agtech, industry, mobility and fintech, provided that they are focused on making a positive difference toward climate change.<\/span><\/p>\n
\nPale Blue Dot continues investing in its climate vision, with a second $100M fund<\/br>
\n2023-05-12 21:45:57<\/br><\/p>\n