February 13

Avaana Capital Hits First Close of $150-Million Climate and Sustainability Fund

By Binu Paul

Avaana Climate and Sustainability Fund invests in thematic areas of energy and resource management, mobility and supply chains, and sustainable agriculture and food systems. Since 2018, Avaana has backed over 20 early-stage start-ups. Its portfolio includes FarMart, Ninety One, Praman (Intello Labs), CoverStack, Eggoz, TurnO,, and Praan.

Avaana Capital, a climate and sustainability-focused investment firm, has achieved the first close of its second fund which has a target corpus of $150 million, sources in the know of the development told Business Today.

The company has raised approximately $60-70 million as the first close and expects to make a final close within this calendar year.

Photo courtesy of Chris Bird.

Source: Business Today (link opens in a new window)

Agriculture, Transportation
climate change, food security, startups, supply chains, transportation