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88 Green Ventures operates as a dedicated venture capital firm, primarily focused on providing early-stage funding and strategic support to companies developing green technologies. It functions as a private investment vehicle, delivering both capital and expertise to accelerate the development and commercialization of sustainable innovations globally. The firm aims to foster the growth of enterprises contributing to environmental sustainability.
The firm was established in 2011 by Mike Fitzpatrick, who formed 88 Green Ventures with the specific objective of channeling investment into the nascent green technology sector. Fitzpatrick’s insight centered on assisting emerging companies navigate their business lifecycle, leveraging the firm’s investment and asset management capabilities to drive progress in environmental solutions.
Emerging green technology companies constitute 88 Green Ventures' primary clientele, ranging from early-stage startups to more established growth businesses. The company's long-term vision centers on utilizing its investment and asset management acumen to empower these enterprises, thereby contributing to the broader advancement and commercialization of environmentally beneficial technologies worldwide.
88 Green Ventures has 5 tracked investments across 1 company. The latest tracked deal is $140.0M Other Equity in Proterra in January 2017.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 3, 2017 | Proterra | $140.0M Other Equity | — | Constellation Technology Ventures, Edison Energy, GM Ventures, Kleiner Perkins, Obvious Ventures, TAO Capital Partners, Undisclosed Middle Eastern Sovereign Wealth Fund |
| Oct 18, 2013 | Proterra | $24.0M Series C | — | Constellation Technology Ventures, Edison Energy, GM Ventures, Hennessey Capital, Kleiner Perkins, Vision Ridge Partners |
| Nov 21, 2012 | Proterra | $23.0M Series B | Rajiv Ghatalia | GM Ventures, Kleiner Perkins, Mitsui & CO. Global Investment, NMT Capital, Vision Ridge Partners |
| Jun 13, 2011 | Proterra | $30.0M Other Equity | Michael Linse | GM Ventures, Vision Ridge Partners |
| Jun 1, 2011 | Proterra | $30.0M Series A | Kleiner Perkins | American Express Ventures, Canaan Partners, G2vp, Glencrest Group, JOE Kraus, Lakeside Capital, Lobby Capital, Shasta Ventures, Trinity Ventures, Lisa Gansky, Rashaun Williams, GM Ventures, Mitsui & CO., Vision Ridge Partners |
