ImpactAlpha, June 16 — G2 Venture Partners spun out of Kleiner Perkins in 2017 to invest in the modernization and greening of transportation, agriculture, energy and other industries.
The Menlo Park, Calif. venture firm $350 million first fund invested in clean energy access company Arcadia; ProducePay, which connects growers, distributors and suppliers in Mexico and Latin America; and electric bus maker Proterra, which yesterday went public through a merger with ArcLight Clean Transition Corp., a special purpose acquisition company, or SPAC (see, “Electric fleet company Proterra to go public through merger with ArcLight SPAC”).
It has raised $500 million for its second fund. The fund “places us in a position to significantly mitigate the climate crisis while continuing to create value for our investors,” said G2 Venture’s Brook Porter.
