[ad_1]
Giant Ventures, a leading capital firm for purpose-driven technology founders, announced the launch of two new funds totaling $250 million.
Giant builds and supports technology companies that solve the world’s most pressing challenges. We focus on three themes in the UK, US and Scandinavia: climate, health and inclusive capitalism (see Holly Branson’s blog for more information on impact investing, investing in companies that have a positive impact on the world). Masu.
A $100 million seed fund will support 25 early-stage companies, while a $150 million climate-focused growth fund will fill a major gap in Series B climate financing to become the world’s leading climate technology companies. Provide scale-up funding. The company has already made 10 investments from two fresh funds.
Virgin Group includes the founders of Booking.com, Unity and SoFi, as well as the current and former CEOs of Rolls-Royce, Goldman Sachs, Intel, BP, Johnson & Johnson and Standard. and is one of the supporters of the new fund, along with members of the board of directors. Chartered, McKinsey, GSK. Giant has also raised capital from a broad alliance of major institutional investors, including BMW, Henkel, RIT Capital Partners, Cambridge Associates clients, StepStone, Denmark’s sovereign wealth fund, and The Nature Conservancy. ing.
Giant is led by a team of former founders and executives with deep networks in both the US and Europe. The company is led by technology founder and leading angel investor Cameron McLean, formerly of Hummingbird Ventures, and Tommy, co-founder of Swing Technologies (acquired by Microsoft) and best-selling author on sustainable business. Founded by Stadlen. Team members include alumni from Revolut, Microsoft, Deliveroo, Babylon Health and Y Combinator.
“Our vision is to build a world-leading engine of purpose-driven innovation,” said Cameron McClain, co-founder and managing partner of Giant. “We harness technology as a force for good and deliver the highest returns by partnering with the most ambitious founders.”
Tommy Stadlen, co-founder and general partner of Giant, added: Giants support important companies. ”
For more information, please visit Giant Ventures.
In addition to investing in Virgin companies, Virgin Group and the Branson family have numerous investments in key sectors including real estate, space, clean energy, philanthropy, and venture capital. Virgin’s venture capital portfolio supports ambitious entrepreneurs building innovative companies across industries from digital health to fintech, IoT to digital media, online education, renewable energy and mobility. Learn more about Virgin’s investment strategy.
[ad_2]
Source link
