Тhe Chris Sacca-led investment fund has attracted another significant amount to fuel its climate tech investments. In this latest round Lowercarbon Capital has raised a total of $550 million that will be ditributed in two funds. One will be for new additions to the portfolio, while another will be used to fuel the growth of companies already on the roster.
Although the range of investments varies from renewables and batteries to food and plastics, some of the companies supported by the fund are familiar to Carbon Herald readers. Pachama, Running Tide, Watershed, Noya, Twelve are a small selection of the carbon removal and management companies whose development we cover and are part of the Lowercarbon portfolio.
With the new top up, the total funds under management surpass $2 billion, making it one of the most significant players in the climate tech space, and certainly among those focused on carbon removal.
In the lighthearted announcement that poses as an unapproved draft, Sacca also includes some criticism towards players in the space by saying Lowercarbon has “built all this without taking any blood money from countries actively working to undermine democracy while trampling human rights and obstructing efforts to solve the climate emergency”.
Relevant: Watershed Expands Its Partnership With Lowercarbon Capital
The fund has been very active and made investments in a total of 78 companies according to its website, with another investment in Watershed and seed funding for Vaulted Deep.
The size of this latest raise can be taken as a sign of the strength of the climate industry and its ability to attract capital at a time when rising rates and other headwinds have dampened investor enthusiasm for more risk.
Read more: Advantek Spins Off New Carbon Removal Company With $8M Seed Investment Led by Lowercarbon Capital
