WovenEarth bets $155M on Cleantech 2.0—and the next wave of outsized returns.
WovenEarth Ventures is weaving an impressive spell around Cleantech, closing its second fund at $155 million in expectation that the sector’s next act can deliver both environmental impact and serious investment returns. The Palo Alto firm now manages more than $330 million and plans to back more than 250 early-stage companies through a mix of fund commitments and co-investments, targeting everything from geothermal and battery storage to critical minerals, robotics and software. With seven fund commitments and 20 co-investments already made, WovenEarth is betting that Cleantech 2.0 is less about saving the planet for its own sake and more about backing the technologies needed to power a more electrified, resilient economy. This is no loose thread of an investment thesis.
James is an experienced financial journalist and editor with over 20 years experience covering private markets and alternatives. He is host of the Clockwork CIO podcast.
