Over the past year we have been busy bringing together capital partners and entrepreneurs who are committed to rebuilding the early stage sustainability ecosystem. We are delighted to announce that we have closed over $92M of capital to focus on investing in early stage companies and world-class teams who are committed to solving critical environmental sustainability challenges.
We invest in hardware, software, enterprise, consumer, deep technology, fin-tech, business model innovation companies and anything that will have a positive impact while also creating venture-grade returns.
Some of our major themes are Urbanization and Mobility trends, the Clean Energy Transition, Food and Agriculture, and Industrial and Supply Chain innovation. We have invested in nine companies to date ranging from additive manufacturing to LIDAR to improving the impact of fashion on the environment and expect to make many more.
Our fund closed with significantly more capital than we originally contemplated largely due to the support of our founding Limited Partners. The University of California’s Office of the Chief Investment Officer and Prelude Ventures had the vision to reinvigorate early stage investment in the sector while acknowledging the challenges of the past. We look forward to working with UC’s broader community, Prelude, and our other Limited Partners and thank them for their support and thought leadership.
Our journey will carry us forward for many decades and we’re thrilled to be working with the best and the brightest to address global sustainability challenges.
-Josh & Abe