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TLDR:
- Overture VC raised $60 million in the current challenging economic climate to focus on climate tech.
- The founders of Overture VC have unique government experience, which sets them apart in the industry.
Article Summary:
Overture VC successfully raised a $60 million fund in the midst of economic uncertainty to focus on climate tech. The founders, Shomik Dutta and Brandon Hurlbut, leverage their unique government experience gained from working on former President Barack Obama’s campaign to add value to early stage companies in their portfolio. Overture’s approach of investing as they go, providing deep regulatory expertise, and building a track record has attracted the interest of LPs, including Insight Partners managing director Deven Parekh and SE Ventures. The firm’s commitment to their own fund, along with their strategic niche and successful strategy, has helped them overcome the challenges of the current fundraising environment.
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