Kleiner perkins green growth fund
Kleiner perkins green growth fund
Generation investment management...
Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers (KPCB) announced the launch of a $1 billion Green Growth Fund, to help speed mass market adoption of solutions to the world’s climate crisis.
The fund will support later-stage cleantech ventures – more mature companies that have demonstrated market traction in developing innovative, scalable solutions that address the climate crisis and promote more efficient use of natural resources.
The fund will back companies in a variety of technology sectors, including alternative fuels, renewable energy and low-carbon transportation.
Kleiner perkins green growth fund wggfx
KPCB separately announced the formation of KPCB XIII, a $700 million fund that will invest in greentech, information technology and life sciences ventures. Within the greentech sector, KPCB XIII will mainly back early-stage entrepreneurs.
"We urgently need to advance our greentech industry at a speed and