WovenEarth Ventures has closed a $155 million fund aimed at early-stage technologies supporting energy, industry and economic resilience.
The Palo Alto investment firm expects WovenEarth Fund II to provide exposure to more than 250 companies through investments in selected U.S. cleantech funds and direct co-investments. Approximately one-third of its investable capital has been reserved for co-investment opportunities.
The fund has already committed capital to seven venture funds and completed 20 direct investments spanning geothermal energy, battery storage, critical minerals, robotics and energy-management software, according to ESG Today.
The raise reflects a broader change in how investors view climate and energy technologies. Rather than treating cleantech as a narrow environmental category, capital is increasingly moving toward technologies capable of addressing practical infrastructure constraints, including rising electricity demand from artificial intelligence, vulnerable supply chains and the growing costs of extreme weather.
For geothermal developers, its inclusion alongside storage, minerals and robotics is another sign that firm clean energy is becoming part of the mainstream technology investment landscape. AI infrastructure requires dependable electricity and efficient cooling around the clock, creating new opportunities for subsurface energy systems.
Led by Managing Partner Jane Woodward, WovenEarth also adds to the growing visibility of women-led investment and technology companies. That progress resonates with female-founded Source Geothermal as the sector attracts larger pools of institutional capital.
