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Bill Gates-Led Fund Raises Another $1 Billion to Invest in Clean Tech

Bill Gates-Led Fund Raises Another $1 Billion to Invest in Clean Tech

Akshat Rathi of Bloomberg Green reports that Breakthrough Energy has invested another $1 billion into clean energy startups.

The C3 Take
  • Bill Gates-led Breakthrough Energy Ventures will use the money to fund 40 to 50 new startups.
  • Breakthrough’s investments will fund not only clean energy startups but agriculture innovation and green cement startups as well.
  • Breakthrough Energy and countless other venture capital funds are showing that the private sector, not government, is leading the way in cutting our emissions.

“Here’s more evidence the clean-tech boom is only getting bigger. Breakthrough Energy Ventures, the clean-tech venture capital fund led by Bill Gates, has raised $1 billion for a second round of investments after backing 45 startups with its first billion.”

Read the full article here.

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