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Alternative Assets  + VC  | 
Female-Led Climate Tech Venture Fund Buoyant Closes $76M Debut Fund

Female-Led Climate Tech Venture Fund Buoyant Closes $76M Debut Fund

Women-owned venture capital firm Buoyant Ventures closed its debut fund at $76 million. The firm backs climate technology startups that work on curbing emissions or leveraging AI and data analytics to fight climate change.

With an additional $5.7 million raised in co-investments, the fund’s total assets under management have reached $81.7 million. The Chicago-based firm is currently focusing on seed to Series A investments.

The firm’s co-founders, Amy Francetic and Allison Myers, started fundraising in January 2020 and have already invested $17.4 million from the fund into nine startups, including Raptor Maps, StormSensor, FloodFlash, Audette and Canopy.

“Buoyant is investing in companies across a broad set of industries that can deliver near-term solutions to climate change. Having founded and run several companies and another venture fund, we understand the positive impact entrepreneurs can bring to the table and what motivates them,” said Francetic.

“There is an urgent need for innovative solutions that help us adapt to climate change and mitigate its worsening impacts,” added Myers.

Microsoft Climate Innovation Fund, Xcel Energy, Bank of America, and the Office of the Illinois State Treasurer are a few limited partners in the fund.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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