Planet Fund: Sky backs £100m climate investment fund for start-ups

Set up by Founders Factory, the Fund will be chaired by Sir Ian Cheshire and will focus on decarbonisation, resource prevention and the circular economy

Net Hero Podcast

British media group Sky will anchor a new £100 million investment fund set up by Founders Factory to support start-ups focused on climate technologies.

Chaired by Sir Ian Cheshire, former head of Kingfisher and Chair of Barclays UK, the Planet Fund will back early-stage climate start-ups and will be underpinned by Sky Ocean Ventures with an existing portfolio of 25 start-ups.

They will focus on decarbonisation, resource prevention and the circular economy.

Henry Lane Fox, CEO of the Founders Factory said: We’ve seen a huge migration of tech talent wanting to work on climate change.

“There’s a gap to provide high-conviction capital & hands-on support to the next generation of ambitious planet-focused companies.”

Sir Ian will be joined by climate scientists Professor Richard Templer and Professor Cameron Hepburn.