Evaluating Breakthrough Energy Ventures' impact on the climate tech ecosystem

March 02, 2021 | Case Study

In January 2021, Breakthrough Energy Ventures (BEV) announced it had raised a second $1 billion fund following up on the inaugural fund in 2015 of the same size. With the second fund, BEV will target between 40 and 50 startups, emphasizing hard-to-decarbonize sectors. To date, BEV has made 36 publicly disclosed investments for a total of $1.1 billion. So far in 2021, the company has made three investments: $30 million in Dandelion Energy, $12 million in C-Zero, and $50 million in Boston Metal.

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