“Debut Fund Launch: Climactic Seizes Opportunities in Upcoming Climate Tech M&A Surge Alongside Partner Visionaries”
A couple years ago, when the pandemic was still in full swing, Raj Kapoor and Josh Felser started making some investments in climate tech startups. Things must have gone well, because now they’re jumping in: The firm today said it has closed a $65 million inaugural fund, using it to back founders who are starting climate tech software companies. Felser founded Spinner in 1997 (sold to AOL) and Crackle in 2004 (sold to Sony). He also started the #Climate nonprofit in 2014 and a public-private COVID task force during the pandemic. Those experiences, coupled with a growing concern for the state of the Earth’s climate, led the two to form Climactic.