Pale Blue Dot is a new “climate only” venture capital firm located in Malmö, Sweden.
Primarily targeting startups in Europe at pre-seed and seed, the VC plans to back companies that are using technology to help solve climate problems. The aim is to invest in up to 40 companies out of this first fund, with investment tickets ranging from €200,000 to €2 million.
The fund is described as sector agnostic and will consider software and technology investments with a strong positive climate impact. Current focus areas include food/agriculture, industry, fashion/apparel, energy, and transportation.