Chris Sacca's Lowercarbon Capital Raises $550M For Climate Tech Funds In New York | Sale

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Lowercarbon Capital, founded by venture investor Chris Sacca, has successfully raised over $550 million across two new venture funds dedicated to supporting climate tech startups.

Summary of transaction details:

Property Type: Venture Capital Fund
Transaction Amount: $550,000,000
Founder: Chris Sacca
Funds: 421.0 (pre-seed and seed-stage investments), Opportunities Fund
Commitment: Ethical funding sources

In a letter to limited partners, Chris Sacca emphasized Lowercarbon Capital's commitment to advancing climate technology solutions while maintaining ethical principles. The funds raised, named based on carbon dioxide levels in the atmosphere, reflect the firm's dedication to supporting climate tech startups.

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IMAGE: Chris Sacca DATE: 09/18/2023 COMPANY: Lowercarbon Capital AMOUNT: $550,000,000 NOTE: Lowercarbon Capital, founded by venture investor Chris Sacca, has successfully raised over $550 million across two new venture funds dedicated to supporting climate tech startups. The first fund, named 421.0, will concentrate on pre-seed and seed-stage investments, while the second fund will serve as an opportunities fund, allowing Lowercarbon to increase its investments in selected portfolio companies. In a letter to limited partners, Sacca emphasized the firm's commitment to ethical funding sources, highlighting their avoidance of "blood money" from countries undermining democracy and human rights, while also obstructing climate emergency solutions. The funds' names, such as "421.0," reflect the parts per million of carbon dioxide in the atmosphere at the time of their launch. This fundraising effort underscores Lowercarbon's dedication to advancing climate technology solutions while maintaining ethical principles. HQ: NewYork

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