G2 Venture Partners, the prestigious entity that emerged from Kleiner Perkins Caufield & Byers, is working to amass a third fund aiming at $750 million, as reported by TechCrunch. 

The fundraising, made known through a regulatory filing, is a strong endorsement of climate and sustainability enterprises, even as various investors express guarded optimism regarding the prospects of these companies under the upcoming Trump administration. 

The company has supported certain startups with significant funding, such as Arcadia, a data platform focused on renewable energy, 1Komma5, a system for installers of household electrification, and Crusoe, a developer of power and AI data centers which recently secured $600 million.

G2VP invests in entrepreneurs who aim to “sever the connection between consumption and growth,” as detailed on its site. The company did not promptly address inquiries related to the new fund.

Past limited partners of G2VP have encompassed Daimler, Mitsui, Shell Ventures, and The McKnight Foundation. The second fund, which eventually reached $500 million, concluded in 2021.

Aspiring to $750 million for the fresh fund indicates a positive increment, implying that G2VP perceives numerous favorable trends for climate and sustainability ventures to benefit from in the approaching decade.