Sky and Founders Factory partner up to raise a new Planet Fund worth over €116 million
Summary
The fund is earmarked for those innovations and disruptive ideas that focus on sustainability themes, including decarbonisation, resource preservation, climate resilience and the circular economy. Debbie Klein, Group Chief Marketing, Corporate Affairs and People Officer said: “We are delighted to partner with the Founders Factory who are the perfect fit to take forward our work investing in businesses that will accelerate climate technologies and deliver a cleaner, safer future and more sustainable behaviours. Henry Lane Fox, Chief Executive Officer at Founders Factory, said: “We felt compelled to build this fund both by the urgency of the problem and the scale of the opportunity. We’ve seen a huge migration of tech talent wanting to work in the climate, and know there is a gap to provide high-conviction capital & hands on support to the next generation of ambitious planet focused companies. We’re excited to have Sky, one of Europe’s leading voices on climate, as our first partner.” The fund will be led by Henry Lane Fox (CEO of Founders Factory, Partner at firstminute capital and Chairman of Creator Fund) and Jamie Rowles (former Head of Investments at Sky Ocean Ventures), alongside Chief Impact Officer Micol Chiesa (formerly Head of Impact at Five Seasons Ventures) and Camilla Mazzolini, ClimateTech investor (formerly at firstminute capital) supported by Founders Factory’s 100+ global operators.