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FUNDRAISING NEWS | October 08, 2024

Report: Australia’s Virescent Makes $100M First Close on Climate Tech Fund II

Tags: Private Equity, Venture Capital

Australian climate-tech venture capital firm Virescent Ventures has made the first close on its second climate technology investment fund (Fund II) at $100M in initial commitments, reaching half of its target capital of $200M, Energy Source & Distribution reported October 8.

Fund II attracted public and private investors such as Clean Energy Finance Corporation, whose portfolio the venture capital firm oversees. Fund I saw deployments of over $270M to 34 climate tech initiatives.

Source: https://esdnews.com.au/virescent-racks-100m-in-first-close-of-new-climate-tech-fund/

Written By: Matt Hirst, Editorial Director

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