David Bogoslaw

To address Europe's 'Series B Death Valley' for climate tech companies, World Fund has set aside €200m of its new €300m fund for follow-on investments in its best-performing companies.

With more than 25% of total capital invested in European tech companies going to the carbon and energy sector, sustainability-focused start-ups have attracted tech workers from other parts of the world.

The Los Angeles-based firm just closed on $40 million for its debut fund, with commitments from Bank of America, 301 INC, Illumen Capital's Catalyst Fund, JP Morgan Asset Management, MassMutual and the Illinois Growth and Innovation Fund.