From Pacific Business News:
Local startup business incubator Elemental Excelerator has a new venture capital fund, with some prominent backers, that specializes in climate and technology based in the Islands.
Earthshot Ventures, which is being spun out of Elemental, has an initial $60 million to invest in climate tech hardware and software companies, from Seed through Series B. The idea is that it can help companies scale by connecting them to a global network of investors and policymakers.
Elemental CEO Dawn Lippert, Elemental investor-in-residence Mike Jackson, and Ramsay Siegal, the former head of Elemental’s portfolio, will lead the fund.
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