About This Fund
WovenEarth Ventures held the final close of its first fund, WovenEarth Fund I at $152M on January 31st, hitting its hard cap. WovenEarth's mission is to seek attractive, risk-adjusted returns while moving compelled capital into US early-stage climate tech venture, providing highly diversified exposure to the sector via a fund of funds. This new fund seeks to break down the barriers to investing in US early-stage climate tech, which remains difficult for many investors to enter due to the dynamic, technical, and emerging nature of the space. WovenEarth's inaugural institutional partners include three major university endowments – Boston University, Northwestern University, The Pennsylvania State University – along with Glenmede (representing a major foundation), Mortenson Family Foundation, and M.A. Mortenson Companies. Since 2022 and as of February 2024, WovenEarth Fund I has invested with 13 US-based early-stage climate tech venture fund managers that are generalist investors focused on decarbonization, as well as managers that have domain-focused funds on specific climate tech sub-sectors such as wildfire, water, agriculture, or digital solutions. WovenEarth Fund I is largely committed to underlying funds and seeks to ultimately provide exposure to over 300 underlying portfolio companies. In addition, the fund also opportunistically coinvests directly in companies often with unique access.