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$50M Prime Impact Fund Launches To Invest In Early-stage Cleantech | Greentech Media

by greentechmedia.com posted 8months ago 40 views
A new fund is channeling philanthropic dollars into early-stage clean technology investments in the hopes of catalyzing major climate change impacts. The Prime Impact Fund closed a $50 million raise in recent weeks, and has already made eight investments. The fund uses an unusual structure: it screens prospective investments for their carbon reduction potential, in order to direct investment to high-impact technology companies that might struggle to find funding through conventional means.

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