Chris Sacca’s VC agency is raising a second nuclear fusion fund 

Chris Sacca’s VC agency is raising a second nuclear fusion fund 

Chris Sacca’s enterprise agency Lowercarbon Capital is raising a second fund to again nuclear fusion power hopefuls, the VC said at the SOSV Climate Tech Summit on Thursday, as reported by Bloomberg.  

The agency has backed main fusion startup Commonwealth Fusion Systems, in addition to others like Pacific Fusion. It raised a $250 million, fusion-geared fund in 2022. Fusion believers, who embrace a variety of well-known local weather VCs past Sacca (like Vinod Khosla), still maintain religion that a breakthrough wanted to make it commercially viable is just round the nook. And a number of advances are exhibiting promise of delivering one.

In the meantime, constructing fusion reactors is costly. Commonwealth raised $863 million earlier this yr, after raising a $1.8 billion Series B 4 years in the past. TechCrunch has documented a dozen fusion startups that have raised over $100 million. 

Sacca didn’t say how big this second fund shall be, however a source told Bloomberg that it’s supposed to be larger than the first. 

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