Climate Investor Energize Raises $430 Million for New VC Fund

The climate tech investment firm Energize Capital has raised $430 million for a new fund targeting early-stage startups working on projects like new batteries and software for the electric grid.

The funding will bring the Chicago-based firm’s total assets under management to more than $1.8 billion, Energize announced Tuesday. While much of the venture capital and startup world has recently struggled with funding shortfalls, there’s been intense interest in how to build out enough energy — ideally, sustainable energy — to power a new wave of artificial intelligence technology.