Chris Sacca’s VC firm is raising a second nuclear fusion fund 

In Brief

Chris Sacca’s task firm Lowercarbon Capital is raising a 2nd money to backmost nuclear fusion vigor hopefuls, the VC said astatine the SOSV Climate Tech Summit on Thursday, as reported by Bloomberg.  

The steadfast has backed starring fusion startup Commonwealth Fusion Systems, arsenic good arsenic others like Pacific Fusion. It raised a $250 million, fusion-geared fund successful 2022. Fusion believers, which number a fig of well-known climate VCs beyond Sacca (like Vinod Khosla), inactive clasp religion that a breakthrough needed to marque it commercially viable is conscionable astir the corner. And several advances are showing promise to marque it so.

In the meantime, it’s expensive to attempt to build. Commonwealth raised $863 cardinal earlier this year, aft raising a $1.8 billion Series B 4 years ago. TechCrunch has documented a twelve fusion startups that person raised implicit $100 million. 

Sacca didn’t say however large this 2nd money volition be, but a root told Bloomberg that it’s intended to beryllium bigger than the first. 

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