As I alluded to in a post earlier this week, we have some new things going on at USV. Today my partner Albert talks about one of them on the USV blog.
Over the last few months, USV has raised a climate fund. Our thesis for this fund is:
The USV Climate Fund invests in companies and projects that provide mitigation for or adaptation to the climate crisis.
https://www.usv.com/writing/2021/01/usv-climate-fund/
We believe that the time is right to invest in companies seeking to mitigate the climate crisis by either reducing carbon emissions or drawing down carbon from the atmosphere. We also believe the time is right to invest in companies providing solutions for adapting to the climate crisis that is already underway and may not be able to be completely mitigated.
This is the third strategy we are executing at USV. Each one has a fund associated with it. We have our core early-stage fund that is investing in what we call Thesis 3.0. We now have our climate fund investing in our climate thesis articulated above. And we have our Opportunity Fund that invests in more mature companies across both theses. And we have one team of generalists that works together to invest all three of these funds.
I encourage all of you to go read Albert’s post which has a bit more information about what we plan to invest in around the climate thesis and how we intend to do it.
