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October 12, 2023 | Tom Ballard

Climate tech-focused firm launches Fund II at $375 million

At One Ventures invests in start-ups that are using deep tech to upend the unit economics of established industries while reducing their planetary footprint.

If you are in the climate technology sector, this news is welcome.

At One Ventures, a San Francisco, CA-based climate tech venture capital firm, launched its $375 million second fund, according to FinSMEs daily deal newsletter. Fund II will focus on backing early-stage start-ups with innovative technologies that can improve planetary health by resetting the industries causing the most damage to the planet, such as buildings and construction, energy and transportation, and food and agriculture.

Founded in 2020 by Tom Chi, At One Ventures invests in start-ups that are using deep tech to upend the unit economics of established industries while reducing their planetary footprint. While the firm does focus on traditional climate technology industry verticals, it has an additional layer of impact categories – air, water, soil, and biodiversity – and tracks the positive impact its portfolio companies have on each of these areas.

The firm has made 35 investments thus far from its inaugural fund.


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