News Summary

Chris Sacca’s venture firm, Lowercarbon Capital, is raising a second fund focused on nuclear fusion energy startups. This move was announced at the SOSV Climate Tech Summit and follows their initial $250 million fund established in 2022. The firm has been backing leading fusion startups like Commonwealth Fusion Systems, which raised $863 million earlier this year and $1.8 billion in a Series B funding four years ago. While the size of the new fund hasn’t been disclosed, it is expected to surpass the first fund. This initiative reflects a continued belief in the potential of nuclear fusion as a viable energy source, with several advances indicating promising breakthroughs.