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Princeville Capital Announces the Close of Its New Climate Technology Fund

November 25, 2019

SAN FRANCISCO--(BUSINESS WIRE)--Nov 25, 2019--

Princeville Capital, a global investment firm focused on backing fast-growing and disruptive technology companies, has announced the close of its new Climate Technology Fund, exceeding its fundraising target. The new fund invests in technology companies that are benefiting from and supporting the global transition to lower carbon economies and that have a fundamental Climate Positive™ impact. By targeting both financial returns and impact, the firm aims to attract more capital into this rapidly growing sector and to contribute to the critical need for investment into near-term climate solutions. The fund will invest in several core climate-focused sectors including smart grid technologies, industrial and building efficiency, precision agriculture, smart cities and technologies that promote climate resilience. The team is led by Managing Partners Emmanuel DeSousa, Eric Kosmowski, and Joaquin Rodriguez Torres.

The fund will deploy over $300 million during the investment period, taking meaningful minority positions, and using the team’s global and capital markets expertise to help companies successfully implement their international expansion plans. The Princeville Capital team now manages over $750 million across its two funds: Princeville Global, which invests in software and internet companies globally, and the new Princeville Climate Technology Fund. For more information, please visit www.princeville-capital.com.

About Princeville Capital

Princeville Capital is an investment firm focused on backing rapidly growing technology-related companies around the world. The firm looks to support entrepreneurs seeking not only capital, but a value-added partner who can help them fulfill their aspirations to create companies of global scale. The firm has a worldwide network of relationships built over decades of experience investing in and advising rapidly growing companies in the technology sector. Princeville Capital has offices in San Francisco, Amsterdam, and Hong Kong. Visit www.princeville-capital.com for more information.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191125005697/en/

CONTACT: Matthew Fong

inquiries@pvglobal.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: NETWORKS PROFESSIONAL SERVICES VENTURE CAPITAL TECHNOLOGY AGRICULTURE NATURAL RESOURCES ENVIRONMENT ENGINEERING FINANCE OTHER TECHNOLOGY CONSULTING MANUFACTURING

SOURCE: Princeville Capital

Copyright Business Wire 2019.

PUB: 11/25/2019 01:05 PM/DISC: 11/25/2019 01:05 PM

http://www.businesswire.com/news/home/20191125005697/en