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Sky to anchor Founders Factory’s £100m Planet Fund

Sky is anchoring a new £100 million ‘operator-first’ venture capital fund powered by Founders Factory that will champion early-stage entrepreneurs launching planet positive technologies.

Hoping to plug the funding gap that exists for seed stage climate startups, Planet Fund offers entrepreneurs Founders Factory’s robust approach to company building with high-conviction capital, execution support and unparalleled network. The new fund will focus on broad sustainability themes including decarbonisation, resource preservation, climate resilience and the circular economy.

Sky will support Planet Fund building on decades of successful environmental initiatives including its ongoing net zero commitment – Sky Zero. Sky plans to move Sky Ocean Ventures – and the 25 startups it has invested in since its launch in 2018 – into the Planet Fund, which will include the proceeds from the sale of paper bottle maker Choose Packaging to Hewlett Packard. 

Planet Fund will be led by Henry Lane Fox (CEO of Founders Factory, Partner at firstminute capital and Chairman of Creator Fund) and Jamie Rowles (former Head of Investments at Sky Ocean Ventures),  alongside Chief Impact Officer Micol Chiesa (formerly Head of Impact at Five Seasons Ventures) and Camilla Mazzolini, ClimateTech investor (formerly at firstminute capital) supported by Founders Factory’s 100+ global operators.

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