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Ex-BofA, Centerview Bankers Raising $101 Million Climate Fund

  • Rokas Peciulaitis founded Contrarian Ventures at age 26
  • Climate tech startups on track for record funding this year
Rokas Peciulaitis, left, and Tomas Kemtys

Rokas Peciulaitis, left, and Tomas Kemtys

Source: Contrarian Ventures

A pair of former bankers are raising a new venture capital fund to focus on investments in the climate technology sector, highlighting the growing appetite for backing such deals even amid a broader downturn.

Vilnius, Lithuania-based Contrarian Ventures is in talks to raise its second fund capped at 100 million euros ($101 million) and has already held a first closing, according to people familiar with the matter, who asked for anonymity because the news isn’t public.