VoLo Earth Ventures Closes Inaugural Fund, at $90M

VoLo Earth Ventures, a Snowmass Village, CO-based venture capital firm that invests in early-stage climate tech companies, closed its inaugural fund, VoLo Earth Climate Fund I, with total commitments of approximately $90m.

The Fund received support from a diverse base of global investors, including Credit Suisse’s Climate Innovation Fund, foundations, fund-of-funds, private equity and public equity fund managers, and high-net-worth individuals, including energy experts.

The vehicle, which targets pre-seed through Series B investments in companies with strong follow-on opportunities, focuses on transaction execution across four core sub-sectors that seek to address the planet’s climate crisis: electricity, mobility, buildings, and embodied carbon.

To date, the Fund has deployed 54% of committed capital.

Joseph Goodman, Managing Partner, Kareem Dabbagh, Managing Partner,

Since inception, VoLo Earth has made 28 investments across both the supply and demand sides of the energy transition. Select investment highlights include VoLo Earth leading: 

  • the $1.1 million seed investment round and co-leading the $20 million Series A funding round raised by Blue Frontier, Inc., the leading innovator in ultra-efficient sustainable air conditioning technology;
  • the $30 million Series A funding round raised by Ion Storage Systems, a game-changing solid state battery company designing batteries that are safer, lighter, and enable form factors with tighter packing density; and
  • the $8.2 million Series A funding round raised by Banyan Infrastructure, a project finance platform designed to simplify, accelerate, and optimize the financing of sustainable infrastructure across the full life cycle.

FinSMEs

11/11/2022

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