Aligned Climate Capital’s second venture fund, Aligned Climate 2, closed with $85 million in commitments from allocators, namely the $16 billion Ford Foundation and the $6.2 billion Rockefeller Foundation, according to a news release.
The fund invests in nine companies working on projects or providing services that promote clean energy and decarbonization. This efforts include manufacturing electric vehicles and charging stations, as well as producing and managing solar farms.
Information about how much the two New York-based funds provided, as well as other allocators. was not available.
“The transition to clean energy has the potential to generate new, high-quality jobs for hardworking families while laying the foundation for sustainable progress that will serve our communities for generations to come,” said Roy Swan, head of mission investments at the Ford Foundation. “We are excited to partner with Aligned as they invest in businesses that support families, strengthen communities and protect the planet.”
Aligned, which manages roughly $1.9 billion in assets, has raised $145 million through its venture capital funds to date.
