SOSV Closes $306 Million Fund for Next-Gen Climate Tech Startups
The climate tech investor is expanding its focus on early-stage startups that it thinks are developing the next wave of decarbonization solutions.
Battery powder. SOSV will prioritize investing in early-stage companies focused on rare mineral processing, renewable energy and biomanufacturing.
Photographer: SeongJoon Cho/BloombergVenture capital firm SOSV has closed its largest fund, which it will use to back startups focused on decarbonization and re-industrialization.
Dubbed SOSV V, it will support SOSV’s investments in early-stage companies focused on renewable energy, biomanufacturing and rare mineral processing, according to founding and managing general partner Sean O’Sullivan. The firm will prioritize backing companies ready to “hit the ground running” with functional prototypes, O’Sullivan said.