Climate Finance | June 16, 2021

G2 Venture Partners raises $500 million for second sustainability fund

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, June 16G2 Venture Partners spun out of Kleiner Perkins in 2017 to invest in the modernization and greening of transportation, agriculture, energy and other industries.

The Menlo Park, Calif. venture firm $350 million first fund invested in clean energy access company Arcadia; ProducePay, which connects growers, distributors and suppliers in Mexico and Latin America; and electric bus maker Proterra, which yesterday went public through a merger with ArcLight Clean Transition Corp., a special purpose acquisition company, or SPAC (see, “Electric fleet company Proterra to go public through merger with ArcLight SPAC).

It has raised $500 million for its second fund. The fund “places us in a position to significantly mitigate the climate crisis while continuing to create value for our investors,” said G2 Venture’s Brook Porter.