Virescent Ventures invests in founders, technologies and businesses that help achieve zero emissions and beyond.

Australia’s Clean Energy Finance Corporation is breaking new ground, spearheading the creation of its first specialist fund manager, Virescent Ventures, to substantially lift the amount of investment capital available for cleantech start-ups. The CEFC invests on behalf of the Australian Government.

Already Australia’s largest specialist cleantech investor, through the $200 million Clean Energy Innovation Fund, the CEFC is now a foundation shareholder in Virescent Ventures, a new fund manager focused on investing in ambitious cleantech founders, technologies and businesses that can help achieve net zero emissions.

Virescent Ventures is targeting a $200 million capital raising, with the CEFC expected to be a cornerstone investor alongside superannuation funds, strategic investors and large family offices.

About Virescent Ventures:

At Virescent Ventures, we believe we don’t need to choose between emissions impact and commercial impact. We aim to raise our first fund in 2022, drawing on the deep specialist experience of our investment team. Our goal is to seek out investments that attack the largest, hard to abate sources of emissions. In the present decade, we will see companies born which remake the physical economy in the way the internet remade the digital economy. Virescent Ventures was born out of the Clean Energy Innovation Fund, which it is managing on behalf of the CEFC.

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