Breakthrough Energy

Breakthrough Energy Ventures, 2150 Urban Tech Sustainability Fund and VoLo Earth Ventures led the round with participation from Modern Niagara.

CarbonCure Technologies, a developer of carbon dioxide removal solutions for the concrete industry, has closed a new financing led by Amazon’s Climate Pledge Fund and Breakthrough Energy Ventures.

Davis, California-based Sierra Energy, a waste gasification company, has secured $33 million in funding. Breakthrough Energy Ventures led the round with participation from other investors that included Cox Enterprises.

Davis, California-based Sierra Energy, a waste gasification company, has secured $33 million in funding. Breakthrough Energy Ventures led the round with participation from other investors that included Cox Enterprises.

Woburn, Massachusetts-based Boston Metal, a provider of metals production solutions, has raised $20 million in Series A funding. Breakthrough Energy Ventures led the round with participation from Prelude Ventures and The Engine.

Cambridge, Massachusetts-based Malta Inc, a provider of energy storage solutions, has secured $26 million in Series A funding. Breakthrough Energy Ventures led the round with participation from other investors that included Concord New Energy Group and Alfa Laval.

Berkeley, California-based Pivot Bio, a developer of nitrogen-producing microbes for other crops beyond corn, including wheat and rice, has secured $70 million in Series B funding. Breakthrough Energy Ventures led the round with participation from other investors that included Temasek.

CarbonCure Technologies Inc, a Halifax-based carbon dioxide (CO2) utilization platform, has secured undisclosed financing. The round was led by Breakthrough Energy Ventures, a U.S.-based clean energy fund. It was joined by GreenSoil Building Innovation Fund as well as existing investors, including BDC Capital's ICE Venture Fund, Pangaea Ventures, 350 Capital, Innovacorp, Brightpath Capital Partners, Neo Ventures, Shaw Group, Power Generations and Carmanah Management. Founded in 2007 by CEO Rob Niven, CarbonCure develops CO2 utilization technologies for the concrete sector, helping to reduce concrete’s carbon footprint and create efficiencies. It will use the funds raised to grow its solutions portfolio and enter new markets.

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In 2021, CFS raised $1.8 billion in Series B funding.

Defying the decline in fundraising by the overall venture industry, the world’s 50 largest VC firms are raising record amounts of capital.

The world’s 50 largest venture capital fundraisers raised more than $204bn, up 9% from our previous ranking.

A list of climate-focused VC funds closed in 2024.

The fifth and final part of our data center series explores niche options that investors hope will help data centers be less of a drain on global resources.

More data center operators are turning to liquid cooling systems to handle increased heat generated by higher-density data processing equipment.

Climate-focused venture funds raised a combined $6.9 billion as of August 6, up from $5.2 billion for all of 2023, according to Venture Capital Journal research.