News Briefs

Climate Tech VC co-founder sets $100m target for Planeteer Capital

The New York firm said its debut fund is anchored by an unnamed Ivy League endowment and its other LPs include Collaborative Fund and former Meta CTO Mike Schroepfer.

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  • Managing partner Sophie Purdom previously co-founded Climate Tech VC
  • Planeteer is anchored by an unnamed Ivy League endowment
  • Other LPs include institutional investors, large family offices, venture funds and tech execs, including former Meta CTO Mike Schroepfer

Planeteer Capital, a new venture fund focused on early-stage climate investments, has set out to raise $100 million for its debut fund, according to a regulatory filing.

The New York firm announced last week that it has held a first close of an undisclosed amount and is actively investing.

The debut fund received an anchor investment from an unnamed Ivy League endowment. Other limited partners include Collaborative Fund, former Meta CTO Mike Schroepfer, institutional investors, large family offices, venture funds and tech execs.

Planeteer was founded by Sophie Purdom, who previously co-founded climate research platform Climate Tech VC and is an investor in 18 climate companies including Remora, WeaveGrid, Amogy, Sinai and Patch.

Purdom is joined by principal Hannah Friedman, who was previously an investment associate at Closed Loop Ventures.

“Climate-native investors from the new generation, like Sophie and her fund, bring a climate-specialized lens and expertise that is invaluable,” Craig Shapiro, founder of Collaborative Fund, said in a statement. “Together, we can build and fund impactful solutions that generate both financial and environmental returns.”

Planeteer will make pre-seed and seed investments globally, across hardware and software, with a preference for B2B businesses in climate-impacted sectors such as carbon management, industrial decarbonization, built environment, climate intelligence and insurance and sustainable agriculture.

“As former founders, researchers, and relentless champions for climate tech, we built Planeteer to exist in service of founders with maximum incentive alignment,” Purdom said. “Climate founders shouldn’t have to choose between their lead investors’ specialized preferences on stage, nor should they have to trade-off on their investors’ depth of climate understanding.”