Leonardo DiCaprio Backs New $45 Million Climate VC Fund
Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to firstname.lastname@example.org.
Beverly Hills-based Regeneration.VC said it aims to invest in “circular economy” consumer startups developing regenerative materials—an area it described as a “$4.5 trillion opportunity to ensure the prosperity of our species and planet” in a press release.
The circular economy involves reusing materials at the end of their life cycle to produce new goods, ideally eliminating waste and harmful emissions in the process. The fund’s portfolio companies include VitroLabs, which makes lab-grown leather, and Pangaia, a fashion brand that repurposes discarded textiles.
Regeneration.VC is co-led by general partners Dan Fishman, the former president of Los Angeles ice cream brand Coolhaus, and Michael Smith, a former touring DJ and co-founder of the L.A. real estate firm Creative Space. Alongside DiCaprio and Tribe Capital, the firm’s limited partners include Maryland-based investor ImpactAssets, Twist Bioscience co-founder Bill Peck and Depeche Mode guitarist Martin Gore.
“We need forward-thinking approaches that perform measurably better for our planet,” DiCaprio, who will also serve as a strategic advisor to the fund, said in a statement. “It’s time for people to feel good about their purchases and for businesses to meet that challenge—every bite of food, every t-shirt, every product counts.”
- Aspiration Acquires Carbon Insights to Track Carbon Use - dot.LA ›
- Leonardo DiCaprio Joins LA Venture Fund Struck Capital - dot.LA ›
- Regeneration.VC’s Dan Fishman on Consumer Climate Startups - dot.LA ›