ImpactAlpha, Aug. 16 – It’s the first time Lowercarbon, run by Sacca, his wife Crystal Sacca and Clay Dumas, has taken in outside money. Lowercarbon raised the funds in a matter of days, turning away “flattering offers” in order to keep the fund small, Sacca writes. “There is massive unmet demand for climate investments, and humanity’s only shot is if we get as many people and as many resources focused on solutions.”
Lowercase Carbon’s portfolio includes green chemical maker Solugen, drone-driven restoration venture Dendra, and fusion startups Commonwealth Fusion and Zap Energy.
“There has never been a better time to start a company focused on emissions reduction or actively removing carbon already in the atmosphere,” Sacca says. “The total addressable markets are literally the biggest in history and we have no doubt that multi-trillion dollar market caps are just up ahead.”
His previous fund, Lowercase Capital, was an early investor in Twitter, Uber, Instagram and other tech standouts.
Investors are pouring billions into climate funds. And that was even before the $1 trillion green-tinged infrastructure bill began to move through Congress.