Climate tech startups often struggle to scale because of the “valley of death” between early-stage funding and the hundreds of millions needed to build first-of-a-kind plants or factories. A new fund, the All Aboard Coalition, aims to close that gap by raising $300 million by October.
The coalition, led by Chris Anderson, former head of TED Talks, brings together prominent climate investors including Breakthrough Energy Ventures, Khosla Ventures, DCVC, Galvanize Climate Solutions, and others. While the fund size is modest compared to industry needs, its value lies in sending strong signals to larger institutional backers.
All Aboard will provide equity or convertible equity rather than project loans, positioning itself squarely in the venture capital space. Partners hope the fund will act as a “Sequoia-like” stamp of credibility, encouraging other investors to follow.
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With climate tech firms collectively needing far more than $300 million, and even the $60 billion in assets managed by member firms, securing interest from generalist investors will be critical for scaling breakthrough solutions.
