With a glitzy eyesight of tackling some of “the biggest planetary worries,” 3rd Character is out to elevate $35 million for its 1st VC fund, TechCrunch has discovered.
Third Mother nature has secured at least $2.8 million so far, for every a regulatory filing. It joins a wave of comparatively new, environmentally targeted funds that are driving the current climate-tech growth.
Whilst introducing Third Nature earlier this yr, founder Jason Ingle argued that “simply decarbonizing our economy won’t restore planetary wellbeing.” In a website, he laid out his get on something broader, which he referred to as “earth methods investing” in an evident nod to earth technique science. Ingle did not react to a request for comment on his strategies, but the firm’s web page signifies it will again enterprises that aim on the climate crisis and other interrelated threats to life as we know it, these kinds of as ocean acidification and biodiversity reduction.
Third Nature participated in AlgiKnit’s $13 million collection A previously this 12 months, together with speedy-manner big H&M and Collaborative Fund. AlgiKnit helps make yarn with huge kelp the startup aims to help shrink the textile industry’s carbon footprint.
3rd Character could have an specifically broad raison d’être, but its scope overlaps with a lot of other local weather-minded traders, together with Boston’s Propeller and Paris-based Satgana. But contrary to Propeller, which is working with the Woods Hole Oceanographic Establishment and climate scientist Dr. Julie Pullen, 3rd Nature has not introduced any noteworthy partnerships or advisors to date.
Ahead of 3rd Mother nature, Ingle co-started Shut Loop Capital, which backed firms like Further than Meat and farm program developer Conservis. Ingle is based mostly in Philadelphia, according to LinkedIn.