TLDR:
Blackhorn Ventures raises $150 million for digital infrastructure investment in low-carbon transition. The firm focuses on early-stage clean tech companies addressing industrial resource efficiency.
Summary:
Denver-headquartered Blackhorn Ventures has raised $150 million for its second Industrial Impact Fund to invest in digital infrastructure for the low-carbon transition. With a focus on early-stage clean tech companies that address industrial resource efficiency, Blackhorn sees a $1.7 trillion opportunity as new manufacturing and AI cycles begin.
The venture capital fund has already made 20 seed and Series A investments and plans to make five more primarily in the US and Europe. About half of the fund is reserved for follow-on investments in existing portfolio companies, with strategic LPs including Grantham Foundation, Mitsubishi Electric, and Mercuria Energy backing the fund.
Blackhorn’s portfolio includes companies like Electric Era and EcoWorks, both focusing on solutions for the low-carbon transition. The fund aims to leverage its relationship with LPs to accelerate the pathway to scale for its portfolio companies.
