Climate tech VC firm closes $300M fund after LPs push for broader investment opportunities

Climate tech may have started the year with a down quarter, but don’t count it out just yet.
Amid a backdrop of depressing figures from much of the venture capital sector, climate tech deals were lower both in value and in deal count. But it remains to be seen whether it’s the start of a longer trend or just a brief blip.
As if to argue in favor of the latter, Congruent Ventures on Wednesday announced the close of a new $300 million fund that, like its other funds, will focus on climate tech. The sheer size suggests that not only is the specialist VC firm confident in the sector’s future, but

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