TLDR:
- SNØCAP is a new climate-focused venture capital fund with $5 million to invest in startups.
- The fund is targeting environmentally friendly components used early in the supply chain.
SNØCAP, a new climate-focused venture capital fund, is launching with $5 million to invest in startups that are making innovative, environmentally friendly components used early in the supply chain. The team behind SNØCAP has a diverse background of expertise and experiences, including co-founder Nate Salpeter, who runs Sweet Farm, co-founder Jonathan Azoff, a computer engineer, and co-founder Shrina Kurani, a mechanical engineer who previously worked for NASA. The fund is looking to back solutions for industries that represent 1% or more of global carbon emissions and has already made investments in startups like Sparxell and RevivBio. SNØCAP aims to deploy its initial fund over four years, backing up to 20 startups with investments between $100,000 and $300,000.
