Draft:Lowercarbon Capital
Lowercarbon Capital is an American venture capital firm that provides seed and early-stage funding for startups. It was founded in 2018 by Chris Sacca and Crystal English Sacca. A climate-focused firm, it has raised more than a billion dollars in funding.
Background
Lowercarbon Capital was founded in 2018 by Chris Sacca and Crystal English Sacca as a family office with tens of millions of dollars available for investment.[1][2] In 2021 the firm announced that it had raised US$800 million.[3] A year later it subsequently raised an additional US$350 million for investment into carbon removal startups.[1]
Notable investments
- US$17 million in Dioxycle, a French-American startup aiming to develop sustainable ethylene from recycled carbon emissions.[4]
- Arc Boats, a fully electric boat manufacturer.[5]
References
- ^ a b Temple, James (April 14, 2022). "A climate-focused venture firm plans to invest $350 million into carbon removal startups". MIT Technology Review. Retrieved 2024-07-15.
- ^ Primack, Dan (July 17, 2020). "Chris Sacca returns to venture capital with clean energy firm". Axios. Retrieved July 15, 2024.
- ^ Loizos, Connie (2021-08-12). "Chris Sacca's Lowercarbon Capital has raised $800 million to "keep unf*cking the planet"". TechCrunch. Retrieved 2024-07-15.
- ^ Jessop, Simon (July 25, 2023). "Dioxycle raises $17 million to help develop green ethylene". Reuters. Retrieved July 15, 2024.
- ^ Hawkins, Andrew J. (2024-02-20). "Electric boat startup Arc expands lineup with new plug-in sports boat". The Verge. Retrieved 2024-07-15.