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The climate-focused investment firm World Fund has successfully raised 300 million euros (€300M) for its first ClimateTech fund, as reported by TechCrunch. This fund aims to support climate tech startups, particularly those involved in hardware, by providing the necessary financial backing to help them scale. The fund was launched against a backdrop of economic uncertainty and the impacts of war, taking three years to close and falling 50 million euros short of its initial target set in 2021. World Fund, which originated from the Ecosia tree-planting search engine, emphasizes its commitment to tackling climate change through technology. In related news, another early-stage climate tech VC fund named Silence has also been announced, with a total of $35 million in funding.
