Ben Geman of Axios reports on a new climate venture capital fund.
- Earthshot Ventures is the latest climate venture capital fund to launch this year and is backed by Microsoft, Tom Steyer, and other hardware and software companies.
- The fund, which has $60 million in assets, will invest in entrepreneurs and technologies that deploy solutions for communities that are most affected by climate change.
- The launching of this venture fund shows that capitalism is environmentalism.
“Earthshot’s ties to Hawaii- and Alaska-based organizations will ‘bring real-world experience and insight deploying technologies in communities on the front lines of climate change,’ the announcement states.”
Read the full article here.
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