ImpactAlpha, June 17 – Instagram, Twitter and Uber investor Chris Sacca is back from his VC hiatus with a new family office focused on “technologies to reduce CO2 emissions, remove carbon from the atmosphere, and actively cool the planet,” reports Axios.
Lowercarbon Capital, with tens of millions in assets, hasn’t yet accepted outside money “but there’s a growing possibility that it will do a formal fundraiser,” according to Axios.
The firm has quietly closed more than 20 deals in clean energy as well as industrial chemicals, food, transportation, building materials, and more.
“We don’t think guilt and shame change behavior at scale over the long term,” Sacca tweeted. “We will win by giving markets clean, decarbonizing options that are cheaper, faster, cooler, and easier.”
Sacca says the firm is funding research across an array of climate solutions. Among the team are Sacca’s wife and co-founder, Crystal English Sacca, and Lowercase Capital’s Clay Dumas.