TLDR:
Starshot Capital has launched its inaugural fund, totaling $35 million, to invest in early-stage companies working on decarbonization goals. The firm is specifically focused on high-impact and high-growth companies in sectors such as industrial, manufacturing, food and agriculture, materials, and chemicals. Starshot is investing in companies with the potential to eliminate 1 gigaton of carbon emissions by 2050.
Article Summary:
Starshot Capital has announced the launch of its first fund, aimed at supporting companies working towards decarbonization goals. The $35 million Starshot Fund I will back early-stage companies addressing climate change, with a focus on high-impact and high-growth sectors such as industrial, manufacturing, food and agriculture, materials, and chemicals. Managing partner Jeremy Brewer sees the climate transition as the “largest financial opportunity of the next decade,” with significant economic returns possible.
The firm, co-founded in 2021 by Brewer and space engineer Sam Levac-Levey, is specifically interested in companies that can eliminate a cumulative 1 gigaton of carbon emissions by 2050. Starshot has already invested in companies like Ecolectro Inc., working on affordable and nontoxic green hydrogen, and Harvest Thermal Inc., a battery manufacturer. The venture capital firm’s portfolio includes companies like Mojave Energy Systems Inc. and Phaidra Inc., both focused on climate solutions.
By targeting historically under-invested sectors, Starshot aims to maximize its impact and returns. The firm’s investments in companies working towards decarbonization goals demonstrate their commitment to advancing needed climate solutions while also growing the bottom line for businesses.
