Dealflow | April 11, 2022

Wireframe Ventures raises $77 million for early-stage health and climate investments

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, April 11 — San Francisco-based Wireframe Ventures has raised $77 million for its second early-stage venture health and climate fund. Like its first fund, the second fund raised by the firm is looking to invest in pre-revenue, and even pre-product companies.

Its first inaugural fund made 25 pre-seed and seed investments, including in SPAN, which recently raised $90 million for its line of home and vehicle electrification products. Others include grid monitoring hardware startup Gridware and sustainable alternative leather maker MycoWorks.

The inaugural fund’s portfolio companies have gone on to raise $1.2 billion in follow-on capital, says Wireframe. Two of the fund’s portfolio companies are unicorns, and it has had two exits.