VoLo Earth Ventures, an early-stage venture capital firm focusing on climate technology, has announced the closing of its second fund at $135 million. This marks a 50% increase over its previous fund of $88 million, achieved despite a challenging landscape for venture fundraising, particularly in climate tech.
The firm aims to invest in capital-efficient solutions across the energy, mobility, building, and industrial sectors. These areas present significant opportunities for creating resilient, decarbonised systems with consistent financial performance. VoLo Earth employs a strategy that combines techno-economic analysis with portfolio engagement to accelerate decarbonisation while ensuring superior returns.
Current investments from Fund II include geothermal energy technology company [XGS Energy](https://www.esgtoday.com/xgs-energy-raises-13-million-to-deploy-geothermal-energy-projects/), sustainable building materials producer [Cambium](https://www.esgtoday.com/cambium-raises-18-5-million-to-replace-carbon-intensive-building-materials-with-sustainable-wood/), and Reframe Systems, a company focused on net-zero homes through robotic technology.
Kareem Dabbagh, Co-Founder and Managing Partner at VoLo Earth Ventures, stated that Fund II demonstrates the demand for safer, cleaner, and more resilient technology driven by superior economics. He highlighted that their companies deliver better products and services at lower costs, while also creating jobs and strengthening supply chains.
Fund II is anchored by Voloridge Investment Management and supported by major global institutions and family offices. David Vogel, CEO of Voloridge Investment Management, noted that their initial investment in VoLo Earth Ventures in 2021 aimed to address a gap in the early-stage energy transition market. The strong performance of the firm and the successful raise of Fund II validate their strategy of focusing on superior economic returns to unlock substantial capital for climate solutions.
