Sky backs £100mn climate investment fund
Daniel Thomas in London
Sun, June 12, 2022,
British media group Sky will back a £100mn investment fund set up by Brent Hoberman’s Founders Factory to support start-ups focused on climate-related technology. The new fund will be chaired by Sir Ian Cheshire, former Kingfisher boss and chair of Channel 4, and will bring together a board including climate scientists such as Professor Richard Templer and Professor Cameron Hepburn to help with its investment strategy. The group will raise £100mn to back early-stage climate start-ups but will be launched with an existing portfolio of stakes in about 25 start-ups that have been backed in the past by a previous Sky venture fund.
British media group Sky will back a £100mn investment fund set up by Brent Hoberman’s Founders Factory to support start-ups focused on climate-related technology. The new fund will be chaired by Sir Ian Cheshire, former Kingfisher boss and chair of Channel 4, and will bring together a board including climate scientists such as Professor Richard Templer and Professor Cameron Hepburn to help with its investment strategy. The group will raise £100mn to back early-stage climate start-ups but will be launched with an existing portfolio of stakes in about 25 start-ups that have been backed in the past by a previous Sky venture fund.
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