With a possible recession looming, Bill Gates is preparing to raise a new fund for Breakthrough Energy Ventures (BEV) to back innovative climate startups, on the heels of two billion-dollar funds that have together helped finance roughly 100 companies.
“Even as the ebullience in investing in tech and climate companies is down a bit, I still think we'll be able to raise the money,” Gates said on the latest episode of Bloomberg Green’s podcast, Zero. “It's not quite as easy as it was, say six months ago, but we're looking at a new round for the startups and a pool under Breakthrough Energy Management that does later-stage investing.”
