R3i Capital LP

Category:

Venture Capital Angel Investment Group

Description:

R3i Capital LP has announced the launch of its Climate Future Fund, a US$20 million seed-stage venture capital fund. The 506(c) Delaware-based fund will provide financing to 60 startups worldwide whose deep technology innovations improve the resilience and effectiveness of smart cities’ interconnected systems: energy, water, transportation, the built environment, health, food and agriculture, and safety and security. The first of R3i’s five planned funds, the R3i Climate Future Fund’s allocation across its 60 seed rounds will be 70% deeptech and 30% MedTech. Instead of holding reserves for follow-on funding, the fund will make those pro-rata rights available to its LPs via R3i’s Special Purpose Vehicle Deal Desks in London with Vauban and via the US with Allocations. Founders supported by the fund can expand into new geographic markets through the team’s existing accelerator landing pads in Singapore and Luxembourg and from next year in Texas. The team’s broader vision is to mobilize US$1B for climate finance by 2032.

Location:

United States

Luxembourg

Industries:

🤖 Artificial Intelligence

🚜 Agriculture and Farming

📊 Data and Analytics

⚡ Energy

🏦 Financial Services

🖨️ Hardware

🏥 Health Care

🏛️ Government and Military

🔒 Privacy and Security

Stages:

Incubator

Convertible Note