Climate Changed
New Fund Betting on Clean-Tech's Push Into Digitalization
- Powerhouse Ventures fund targeting early-stage companies
- ‘You need smart money that understands the companies’
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A California incubator that houses and nurtures clean-energy startups is expanding into venture capital.
Oakland-based Powerhouse’s new fund has raised $5.5 million to invest in digital and innovative energy startups. It’s one of the first such funds in the U.S., and has backing from some notable industry veterans.