A $239 Million Climate Tech Fund for Startups With Overlooked Carbon Solutions
Prime Coalition, Azolla Ventures team up to launch a new fund, focus on firms unlikely to get funded by traditional investors. Prime Coalition and Azolla Ventures have rolled out a $239 million fund to invest in early-stage startups that are unlikely to lure traditional investors for their climate technology solutions.
The new fund will look at three factors as part of its investment criteria — impact, lack of alternative funding options and commercial potential of the climate solution, according to a statement Thursday.