BOSTON–(BUSINESS WIRE)–MassMutual Ventures announced today that it has a new $100 million fund Investments in early and growth stage companies in the United States in the field of climate technology. The MMV Climate Tech Fund will make investments in 15 to 20 technology companies that address the causes of climate change and provide solutions to address its impacts on individuals, businesses and communities.
“Climate change presents a challenge to the global economy of unprecedented urgency and scale, affecting every industry and business process. Meeting this challenge will require an equally unprecedented level of commercial ingenuity and innovation,” said Karl Beinkampen, MMV Managing Director who will co-lead the MMV Climate Technology Fund. “We believe there is a growing investment opportunity to support companies and founders developing solutions to mitigate, measure and manage climate change. MMV’s investment capabilities, access to fund and incubator networks, and early-stage corporate expertise will enable the next generation of climate innovators to scale over time while creating a more sustainable future.”
With this new fund, MMV will manage over $1 billion in investment capital — including funds managed by its other Boston-based team and Europe and Asia Pacific (APAC) team, which specializes in digital health, financial technology , enterprise SaaS and cybersecurity company invests across the globe. Following the new fund announced earlier this year and geographic expansion, MMV’s Europe and APAC team is also considering investment opportunities in the climate technology sector in Europe and APAC.
“We look forward to building on the success the MMV family of funds has achieved over the past eight years as we launch this new fund, which focuses on a critical and fast-growing sector,” said Doug Russell, Managing Director Has served as a director and head of MassMutual Ventures since its inception in 2014. “While we will focus on the climate technology sector, we will primarily focus on investments in undercapitalized markets that have the potential to generate strong investment returns and are disruptive Drive innovation needed to decarbonize the world.”
About Mass Mutual Ventures
MassMutual Ventures (MMV) is a multi-tiered global venture capital firm with teams in Boston, Singapore and London managing over $1 billion in investment capital. We help accelerate the growth of the companies we work with by providing capital, connections and advice. With our deep expertise and extensive Fortune 500 network, MMV helps entrepreneurs build compelling and scalable businesses with value. For more information, visit www.massmutualventures.com.