Blisce, a Paris-based VC firm, introduces $160M climate tech fund

Blisce, a prominent VC firm based in Paris, has made a significant move in the world of climate tech by launching a new fund dedicated to investing in startups focused on combating climate change. The firm aims to raise up to €150 million (about $162 million) for this fund, with investor Pierre-Edouard Berion leading the charge.

The addition of Lucie Basch, co-founder of Too Good To Go, as a venture partner for the fund further solidifies Blisce’s commitment to making a positive impact on the environment. Blisce, known for its investments in unicorns like Spotify and Pinterest, is now shifting its focus towards climate tech, targeting industries such as materials, food, construction, mobility, and energy.

The firm’s founder, Alexandre Mars, a successful entrepreneur turned philanthropist, has also launched Epic, a non-profit foundation that supports organizations fighting childhood inequality and climate change. A portion of Blisce’s profits are reinvested in Epic, showcasing a unique approach to giving back.

With the hiring of Berion and the support of Basch, Blisce is poised to make a significant impact in the climate tech space. The firm’s track record of successful investments and its dedication to making a difference in the world sets it apart in the competitive world of venture capital. It will be interesting to see how much Blisce is able to raise for its new fund and the impact it will have on the future of climate tech innovation.