VC Upstart Raises $100 Million to Target Problems Like Climate
Investors from the Gates Foundation and a prominent hedge fund have launched a new venture capital firm in London.
London
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A new venture capital fund targeting climate change and other “big fundamental problems” has raised $100 million, according to people familiar with the matter.
The new firm, called 9900 Capital, is managed by former investors at the Bill and Melinda Gates Foundation and the London-based investment firm Hedosophia, according to the people, who asked not to be identified discussing private information.