Chris Sacca's VC firm is raising a second nuclear fusion fund | TechCrunch

"Chris Sacca's venture firm Lowercarbon Capital is raising a second fund to back nuclear fusion energy hopefuls, the VC said at the SOSV Climate Tech Summit on Thursday, as reported by Bloomberg."

"The firm has backed leading fusion startup Commonwealth Fusion Systems, as well as others like Pacific Fusion. It raised a $250 million, fusion-geared fund in 2022."

"In the meantime, it's expensive to attempt to build. Commonwealth raised $863 million earlier this year, after raising a $1.8 billion Series B four years ago. TechCrunch has documented a dozen fusion startups that have raised over $100 million."

Lowercarbon Capital is raising a second fund targeted at nuclear fusion companies, with the new fund intended to be larger than its $250 million fusion-focused fund from 2022. The firm previously invested in Commonwealth Fusion Systems and other fusion startups such as Pacific Fusion. Fusion companies continue to attract large capital—Commonwealth raised $863 million this year after a $1.8 billion Series B four years earlier—and multiple fusion startups have each raised over $100 million. Prominent climate investors remain optimistic that technical advances could bring commercial viability despite high build costs.

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