<ul><li>Specialist climate tech investor Virescent Ventures has reached the $100 million first close of its second climate technology investment fund (Fund II), with backing from Westpac and the Clean Energy Finance Corporation (CEFC).</li><li>Virescent Ventures' Fund II will focus on strategic investments in net zero startups addressing issues such as clean energy transition, decarbonizing transport, sustainable agriculture, and the circular economy.</li><li>Virescent Ventures' previous investments from the CEFC's Innovation Fund include green hydrogen startup Hysata, textiles dyeing climate tech startup Xefco, batteries recycler Renewable Metals, and soil decarbonization agtech Loam Bio.</li><li>The support of Westpac, the CEFC, and over 50 investors reflects confidence in Virescent's approach and track record, as well as the potential for Australia to be a world leader in climate technology.</li></ul>

Westpac & CEFC underpin new $200 million climate tech VC fund

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