G2 Venture Partners, the high-profile agency that spun out of Kleiner Perkins Caufield & Byers, is elevating a 3rd fund with a goal of $750 million, TechCrunch has discovered.
The increase, which was disclosed in a regulatory submitting, is a bullish vote of confidence in local weather and sustainability startups, whereas different buyers have voiced cautious optimism concerning the destiny of such corporations below the incoming Trump administration.
The agency has invested in some well-funded startups, together with Arcadia, a renewable energy information platform, 1Komma5, a platform for dwelling electrification installers, and Crusoe, an influence and AI information heart developer that not too long ago raised $600 million.
G2VP invests in founders trying to “break the hyperlink between consumption and development,” in response to its web site. The agency didn’t instantly reply to questions concerning the new fund.
G2VP’s restricted companions in earlier funds have included Daimler, Mitsui, Shell Ventures, and The McKnight Foundation. Its second fund, which in the end hit $500 million, closed in 2021.
The $750 million goal for the brand new fund represents a wholesome step up, suggesting that G2VP thinks there are many tailwinds for local weather and sustainability startups to experience within the coming decade.
