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Superorganism raises $25M to back biodiversity startups [TechCrunch]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
Now, the firm has closed its first fund, securing $25.9 million in capital commitments from Cisco Foundation, AMB Holdings, and Builders Vision, among others, along with individuals like Jeff Jordan, a partner at Andreessen Horowitz. Superorganism backs companies across three categories: tech that slows or reverses extinction, startups that operate at the intersection of climate and biodiversity, and tools that enable conservationists to do their work more effectively. The firm writes checks of $250,000 to $500,000 in size for pre-seed and seed-stage companies and donates 10% of its profits to future conservationist efforts. “You could think of us a lot like a climate tech fund, but instead of thinking about, where can we emit less carbon dioxide or avoid emissions in the first place, we're doing the same thing for nature loss,” Kevin Webb, a managing director at Superorganism, told TechCrunch. Superorganism portfolio company Spoor illustrates the type of startup the firm is
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