Climate Pledge Fund
Company typePublic
IndustryVenture Capital
Founded2020
FounderAmazon
HeadquartersSeattle, WA
ProductsCorporate venture capital
Total assets$2 billion
Number of employees
10+

The Climate Pledge Fund is a division of Amazon, set up to develop and manage investments in the climate technology space, as part of its Climate Pledge initiative. It is a corporate venture capital fund.

History

The Climate Pledge Fund makes investments into early-stage companies focused on decarbonizing or sustainable technologies and services. The fund is part of Amazon's Climate Pledge initiative with climate advocacy group Global Optimism. It was funded with an initial $2 billion in June 2020.

This corporate venture capital fund is distinct from the following sustainability-related organizations affiliated with Amazon:

People

As of December 2021, Matt Peterson, Director, Corporate New Initiatives, and Kara Hurst, Vice President and Head of Sustainability, lead the fund.[2]

Notable Investments

2020 investments

2021 investments

2022 investments

Other climate tech investors

External links

References

  1. ^ "Meet the first 5 startups in Amazon's new $1B industrial innovation fund". TechCrunch. 21 April 2022. Retrieved 17 May 2022.
  2. ^ "Update: Amazon announces $2 billion Climate Pledge Fund". TechCrunch. Retrieved 2021-12-21.
  3. ^ a b c d e "Amazon Announces First Recipients of Investments from $2 Billion Climate Pledge Fund". www.businesswire.com. 2020-09-17. Retrieved 2021-12-21.
  4. ^ Osborne, Charlie. "Amazon invests in zero carbon footprint aviation startup ZeroAvia". ZDNet. Retrieved 2021-12-21.
  5. ^ Black, Thomas. "Fidelity, Amazon Back E-Plane Startup in $368 Million Funding". BloombergQuint. Retrieved 2021-12-21.
  6. ^ "ION Energy Raises $3.6 Million with the Participation of Amazon's Climate Pledge Fund". www.businesswire.com. 2021-07-01. Retrieved 2021-12-21.
  7. ^ a b c "Amazon taps $2B climate fund to invest in three more startups". TechCrunch. Retrieved 2021-12-21.
  8. ^ a b "Amazon funds two climate tech firms as a third gains ground". Axios. Retrieved 2021-12-21.
  9. ^ "Ambient $31 Million Series A led by Amazon Climate Pledge Fund & EIF". Ambient Photonics. 2022-05-10. Retrieved 2022-07-30.
  10. ^ "Climate Innovation Fund | Microsoft CSR". www.microsoft.com.
  11. ^ "We spun out a $60M fund. 5 things you didn't read in the press". Elemental Excelerator. September 8, 2021.
  12. ^ "Climate Impact Fund". VertueLab. Retrieved 2022-07-30.
  13. ^ "DECARBON8 - US". E8 Cleantech Angels.
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