Cleaner Tech
Congruent Ventures Raises $300 Million for Climate Startups
Congruent focuses on early-stage companies and will now have more than $700 million in assets under management.
Abe Yokell
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Venture capital firm Congruent Ventures has raised a $300 million fund to help its stable of climate-focused startups grow their businesses, with much of the money coming from large institutional investors.
The new Continuity Fund brings to more than $700 million the total amount of assets managed by Congruent, which focuses on early-stage companies addressing climate change or sustainability. The fund will help those companies scale their operations, said Abe Yokell, a co-founder and managing partner at Congruent. Based in San Francisco, Congruent launched in 2017.