VC firm Superorganism raises over $25M to back biodiversity startups [Yahoo! Finance]
Cisco Systems, Inc. (CSCO)
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Source: Yahoo! Finance
Superorganism, the first venture capital firm dedicated solely to biodiversity, announced the close of its inaugural fund on Tuesday, which garnered $25.9 million in investments, according to a press release shared with ESG Dive. Superorganism's debut fund received investments from the Cisco Foundation, the philanthropic arm of Cisco Systems; the Builders Vision, founded by Walmart heir Lukas Walton; and Wedgetail, a biodiversity focused fund from Canva co-founder Cameron Adams, according to the release. Over half of the global gross domestic product (55%) — over $58 trillion — depends on nature, according to an April 2023 PricewaterhouseCoopers report . However, there is an estimated biodiversity funding gap between $598 billion and $824 billion annually, according to an August study published in Ecological Economics. Superorganism, launched in 2023, participates in pre-seed and seed round funding, providing biodiversity-focused startups with $250,000-$500,000 in capital, co-f
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