Venture capital firm World Fund has raised $325 million in its latest fund to support smaller climate startups facing a funding gap at the crucial Series B stage. This move comes at a time when the investment landscape for technology, particularly in climate tech, has been challenging due to global economic uncertainties and market shifts. Despite these obstacles, World Fund managed to secure commitments from key institutional investors to aid startups in scaling their operations. By addressing the valley of death issue in the climate tech sector, World Fund aims to provide crucial funding for companies navigating the critical stages of growth and development.
World Fund Closes $325M Fund to Back Climate Tech Startups, Solving Funding Gap, US
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