Shopify founder buys into Bill Gates-led clean tech fund bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Bill Gates-Led Clean Tech Fund Adds Investors
Related Stories
April 16, 2021
April 12, 2021
April 6, 2021 Fidelity Investments, and
Breakthrough Energy Ventures, the clean-tech fund led by Bill Gates.
Launched in 2016, BEV is one of the largest financiers of companies working on technologies to cut emissions. The fund’s first round raised $1 billion and backed 45 startups, which work on everything from batteries to low-emissions fertilizers. Its investors featured billionaires including Jeff Bezos of Amazon Inc., Jack Ma of Alibaba Group Holding Ltd., and Michael R. Bloomberg, founder of Bloomberg LP.
Last month, BEV closed a new round of another $1 billion with an aim to invest in as many as 50 startups. Aside from Johnson and Lütke, four other new investors joined. They are John Sobrato, a real-estate billionaire; Seth Klarman, chief executive officer of hedge fund Baupost Group; Chris Stolte, founder of Tableau Software Inc.; and Ben Walton, the grandson of Walmart In