Climate tech deals were lower in both value and volume, but it is not yet clear whether this is the start of a longer trend or just a brief blip.
On Wednesday, it announced the closing of a new $300 million fund that, like its other funds, will focus on climate technology. The VC shows that the venture capital firm is confident not only in the future of the sector but also in its trusted partners. But the company says it won’t go too far. “We don’t really see this as a departure from the original stage.