10/7/2024, 7:05:03 pm

Avaana get backing of another offshore LP aims target for climate-tech fund

Avaana Capital, a climate-focused venture capital firm, is nearing the final close of its $120-million (approximately Rs 1,000 crore) maiden climate-tech fund. The firm had previously hit the first close at $70 million in June last year and has now secured a prominent offshore backer, bringing it closer to reaching its target amount.