Foundation Capital’s New Fund Includes $250 Million for Cleantech Investing

Foundation Capital

Foundation Capital, a Menlo Park, California-based venture capital firm announced on April 7th that it has closed a $750 million venture capital fund (Foundation Capital VI) and that approximately $250 million of this fund will be used to expand the firm’s cleantech practice.

Foundation Capital began investing in the cleantech sector in 2003 and had committed $150 million to this sector prior to yesterday’s announcement.  Its current porfolio includes:

The firm stated that they are actively exploring investment opportunities in the cleantech areas that it had previously invested in — energy efficiency and intelligence, green building materials and industrial processes, food quality, and clean water — as well as in other areas including alternative energy and storage, advanced materials, carbon capture, and green consumer services and marketplaces.

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