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Climate investorBay Bridge Venturesis evoke a new $ 200 million fund , TechCrunch has exclusively learned .
Bay Bridge file paperwork Monday for the new clime fund with the U.S. Securities and Exchange Commission . The raise comes at a time when venture investors are increasingly bullish on clime technical school .
Though the last few year have been marked by a downturn in the general speculation market , a number of firms have parent eye - popping join to back climate technical school founders . SOSV annunciate on Tuesday a$306 million deep technical school fundthat will be 70 % focused on climate . New Summit Investments is elevate a$100 million impact investment trust . And Congruent Ventures raised a $ 275 million fund in 2023,turning down $ 325 million in additional LP interest .
The conflict , though , is that those are all relatively established firms . Bay Bridge Ventures is new , having been founded in 2022 with a focus on ESG more generally and sustainability in special . Though the firm participated in a $ 10 million rung for SailPlan in 2022 , according to PitchBook , it does n’t seem to have any other investments or funds on record , base on a search of SEC filings and PitchBook datum .
Still , that does n’t mean Bay Bridge miss experience . General spouse Andrew Karsh left pension investment firm CalPERS to co - found the firm . His carbon monoxide - founders Joe Blair and Kim Kolt are n’t new to the scene , either . Blair previously sour at Cota Capital and Obvious Ventures and presently hosts the Epic Human Podcast . Kolt establish For Good Ventures and previously work at Goldman Sachs and Deutsche Bank .
The house did not reply to a postulation for comment prior to publication .
The team ’s premature investments span a range of industries , including sustainable shoe ship’s company Allbirds , electric grid software startup Arcadia , fleet EV lodge company Amply and space launch startup Astra .
