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 power hopefuls, nan VC said astatine nan SOSV Climate Tech Summit on Thursday, as reported by Bloomberg.  

The patient 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 count a number of well-known climate VCs beyond Sacca (like Vinod Khosla), still clasp religion that a breakthrough needed to make it commercially viable is conscionable astir nan corner. And several advances are showing promise to make it so.

In nan 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 complete $100 million. 

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

Subscribe for nan industry’s biggest tech news