Lawrence Aragon

Climate-focused venture funds raised a combined $6.9 billion as of August 6, up from $5.2 billion for all of 2023, according to Venture Capital Journal research.

It looked like the sky was falling in the first quarter, but Q2 fundraising totals appear to show things getting back to normal. Lots of questions remain.

If Q2's pace continues through the rest of the year, the full-year total could come in at around $120bn, matching the 2023 total.

Forbion, a life sciences venture capital firm, has held a first close on €75m for Forbion BioEconomy Fund I, which is targeting €150m.

Dutch venture capital firm Lumo Labs has raised €100 million for its newest fund, Lumo Rise Fund, which will invest in European start-ups focused on emerging digital technologies for a greener society.

Index Ventures has raised $800 million for its 12th venture fund and $1.5 billion for its seventh growth fund.

J2 Ventures, a Boston-based deep tech venture firm, has raised $150 million for its second fund, beating its target by $30 million.

Energy Impact Partners has hired Jeff McDermott as a partner and head of strategic finance.

A detailed list of climate-focused venture capital funds raised since January 2022.

Venture Capital Journal has created a dedicated page for all of our climate fund coverage, including our exclusive list of 55 climate-focused venture funds raised since the start of 2022.