Most companies today recognize the importance of global warming. As such, they are redefining their goals in an effort to address the climate change issue.
Envisioning Partners, a Seoul-based venture capital firm, has secured its latest impact fund, the oversubscribed $64 million (76.8 billion KRW) Envisioning Climate Solutions (ECS) Fund, to back startups combating the climate crisis.
Hyunjoo Je, managing partner of Envisioning Partners, told TechCrunch that climate change has been one of the major impact domains since the inception of Envisioning Partners.
“We decided to launch a 100% dedicated fund for climate solutions. We do not have much time left now to solve the climate problem and need to act fast [as we can] to help our society better prepare for the massive transitions ahead,” Je said.
The ECS fund is backed by South Korean corporations committed to pursuing environmental, social and governance (ESG) and decarbonization targets and developing innovative climate solutions for a sustainable future, the company said. The VC firm counts limited partners like Ha …
