VoLo Earth Ventures, an early-stage local weather tech-focused enterprise capital agency, introduced it has closed its second fund at $135 million. The agency mentioned that the closing of Fund II marks a rise of fifty% over its predecessor fund’s $88 million, regardless of a difficult atmosphere for enterprise fundraising, and for local weather tech specifically.
VoLo Earth targets investments in capital-efficient options throughout the power, mobility, constructing, and industrial sectors that symbolize main alternatives for resilient, decarbonized programs and repeatable monetary efficiency, with a technique combining techno-economic evaluation with portfolio engagement to speed up decarbonization, whereas producing superior returns.
Investments so far from Fund II embody geothermal power expertise firm XGS Vitality, sustainable constructing supplies producer Cambium, and web zero homes-focused robotic tech firm Reframe Techniques.
Kareem Dabbagh, Co-Founder and Managing Companion at VoLo Earth Ventures, mentioned:
“Fund II reinforces that power transition investing is pushed by superior economics and massive market demand for safer, cleaner and extra resilient expertise. Our firms present higher services and products at decrease prices, whereas creating jobs and strengthening provide chains in ways in which attain throughout the aisle.”
Fund II is anchored by Voloridge Funding Administration and supported by main world establishments and household places of work.
David Vogel, CEO of Voloridge Funding Administration, mentioned:
“In 2021, Voloridge anchored VoLo Earth Ventures to fill a niche recognized within the early-stage power transition market. Our view was {that a} systematic technique targeted on superior financial returns would unlock a landslide of capital into local weather options. The agency’s top-decile efficiency together with a powerful Fund II increase supplies early validation of that technique.”
