TLDR:
- Women-led climate tech venture, WovenEarth Ventures, secures $152 million investment for first fund.
- Founders Jane Woodward, Mauricia Geissler, and Denise Miller are paving the way for early-stage climate tech startups.
A new women-led climate tech venture called WovenEarth Ventures based in Palo Alto has recently closed its first fund, amounting to $152 million. The fund of funds aims to invest in early-stage climate tech startups that are working on solutions to combat atmospheric pollution linked to global warming and extreme weather events. The venture is led by founders Jane Woodward, Mauricia Geissler, and Denise Miller, who have a background in guiding money towards a cleaner future and fostering the development of planet-saving companies.
WovenEarth Ventures plans to carefully select promising startups for its portfolio, with a focus on breaking down barriers to investing in U.S. early-stage climate tech. This fund fills a crucial gap in the market, allowing investors without specialized knowledge to participate in innovation that benefits both society and the environment. The fund invests through venture capital fund managers, ultimately supporting a wide range of startups with innovative technologies in areas such as energy-saving software and agricultural tech.
WovenEarth Ventures has already invested in 13 U.S.-based early-stage climate tech venture capital managers, and plans to continue expanding its reach. Additionally, the venture aims to provide workshops for everyday investors to engage with the work being done towards a carbon-free future and improved air quality. Founder Jane Woodward emphasizes that their approach is unique, offering exposure to a larger number of companies compared to traditional investments, and Axios reporter Andrew Freedman agrees that WovenEarth Ventures is pioneering in the climate tech investing scene.
