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Bill Gates-Led Fund Raises Another $1 Billion to Invest in Clean Tech

Breakthrough Energy Ventures is doubling the size of its fund and investing in at least another 40 startups

Bill Gates
Photographer: Chris Ratcliffe/Bloomberg
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Here’s more evidence the clean-tech boom is only getting bigger. Breakthrough Energy Ventures, the clean-tech venture capital fund led by Bill Gates, has raised $1 billion for a second round of investments after backing 45 startups with its first billion.