Over the past decade and a half, DCVC has pioneered venture investment in deep tech. Our portfolio companies have ranged across human health, industrial transformation, defense – and, of course, climate. The promise of our investments in this last category, spanning clean energy innovation, carbon transformation, water resilience, chemical fertilizer replacement, and beyond, encouraged us to establish a dedicated climate tech fund in 2023. Now, we felt, was truly climate tech’s time.
DCVC Climate seeks to back breakthrough technological advances that address the world’s toughest climate challenges. The fund focuses on commercializing emerging climate tech solutions to catalyze meaningful improvements to established value chains, transform high emitting industries, and contribute to mitigation and adaptation efforts.
This is the first impact report for our inaugural climate fund. In the years to come, we will publish annual installments dedicated to showcasing the power of deep tech to fight the climate crisis. Our goal is to transparently share the ways we invest for climate impact, while telling the stories of how the incredible entrepreneurs and teams in our ecosystem are working to restore health to our environments. In this vital work, we drive toward venture-scale returns for our investors.
We are encouraged by the possibilities of what we can collectively achieve in addressing the greatest challenge of our time, and we look forward to bringing you along on our journey.
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