Starshot Capital has raised $35 million to invest in climate-focused startups.
The firm was founded by Jeremy Brewer, who's worked at Google and Facebook, and Sam Levac-Levey, who spent time at Tesla and SpaceX.
"What really catalyzed us into starting the fund was seeing a lot of data coming out about the climate crisis and gaps in funding," Brewer said in an interview.on the state of climate tech, more than 70% of investment went into energy and mobility. Those two sectors include wind and solar energy, as well as electric cars, planes and other vehicles.
Brewer said Starshot is looking to invest in companies that offer"gigaton-scale solutions, that can increase their customers' profitability and revenue." The duo still had to present something at their demo day in front of prominent early-stage investors. "He said, 'Listen, if you guys are going to shut this down, can I hire you to figure out why all my other investments will fail?'" Brewer said."So we did that."
"People increasingly want their work to align with their values, and at the same time, there's growing awareness about the challenge we face with the climate crisis," Brewer said.
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