Climate Finance | January 6, 2022

Cottonwood Technology Fund raises $75 million for deeptech impact

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, January 6 — Santa Fe, N.M.-based impact venture fund Cottonwood Technology Fund received backing from more than 40 new LPs from the U.S. and Europe, including investors from its predecessor fund Merrion Family Office, Caterpillar Ventures, KPN Ventures and the State of New Mexico.

Cottonwood provides early funding for companies developing technology for sustainable energy, medtech, nanotech and advanced materials and manufacturing.

Early deals

New investments include Albuquerque, N.M.-based mPower Technology, which is developing “micro” solar cells; and The Netherlands’ Sencure, which makes wearable biometric sensing chips to monitor patients’ health.

Follow-on investments include electric motor developer Infinitum Electric and modular hydrogen storage company BayoTech.