Convective Capital raises $85 million fund for disaster resilience startups
By
Tim Fernholz
Summary
Convective Capital, an early-stage venture fund led by Bill Clerico (cofounder of WePay), has raised an $85 million fund to invest in startups focused on disaster resilience. Originally launched in 2022 with a $35 million fund focused on fire tech, the firm is now broadening its mandate to address a wider range of natural disasters. The announcement comes as California faces an early and severe fire season, highlighting the growing urgency around climate-related disasters and the increasing interest from Silicon Valley venture capital in this space.
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bskyConvective Capital raises $85 million fund for disaster resilience startupstwp.aiKey quotes
· 3 pulledConvective Capital, an early-stage venture fund led by Bill Clerico, announced a new $85 million fund Thursday, following up on a $35 million fund raised in 2022.
After launching to invest in fire tech, Convective is broadening its mandate to disaster resilience.
The rising number of natural disasters in California, and around the world, demand our attention — and, in Silicon Valley, venture investment.
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