Systemiq secures $70 million to fund early-stage climate tech founders

Systemiq Capital, a backer of early-stage climate tech startups, says it has secured $70 million to kick off its second fund.
The London-based VC aims to raise as much as $130 million more; that would mark quite a step up for the firm, which says it has funneled $30 million into 19 startups since 2018.
As far as putting that money to use, Systemiq says it is out to fund founders who are focused on making large industries and cities “more efficient and sustainable.” In practice, it’ll fund key areas like regenerative land use, oceans, transportation and the circular econom

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