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G2 Venture Partners, a prominent firm that emerged from Kleiner Perkins Caufield & Byers, is in the process of raising a third fund targeting $750 million, as reported by TechCrunch.
## Bullish outlook on climate and sustainability startups
The decision to raise this fund, as revealed in a regulatory filing, reflects a strong vote of confidence in climate and sustainability startups. Despite concerns from other investors regarding the impact of the incoming Trump administration on such companies, G2 Venture Partners remains optimistic.
## Investments in innovative startups
G2VP has already made significant investments in startups like Arcadia, 1Komma5, and Crusoe. These startups focus on renewable power data, home electrification, and power and AI data centers, respectively.
## Commitment to sustainable growth
With a focus on founders who aim to disrupt the traditional link between consumption and growth, G2VP’s new fund signifies a positive outlook on the potential for climate and sustainability startups to thrive in the next decade.
G2VP’s previous funds have seen support from notable partners such as Daimler, Mitsui, Shell Ventures, and The McKnight Foundation. The firm’s second fund, which closed at $500 million in 2021, has paved the way for this ambitious $750 million target for the upcoming fund.
