SeaX Ventures has unveiled SeaX Zero, a new fund with US$6 million aimed at supporting early-stage companies committed to carbon reduction and environmental sustainability.
SeaX Ventures, a venture capital firm with a presence in South East Asia and the United States, has announced the initiation of a dedicated fund aimed at fostering zero-carbon innovations. Dubbed SeaX Zero, this newly established fund has an allocation of US$6 million specifically for investment in early-stage companies focused on sustainability and carbon reduction.
The fund has already made significant strides, having invested in several promising enterprises including Hoxton Farms, Type One Energy, Active Surfaces, and Bluu Seafood. Each of these companies is engaged in various activities geared towards lowering carbon emissions and promoting environmentally friendly practices.
SeaX Zero is set to support between 15 and 20 startups, with planned investments ranging from US$100,000 to US$500,000 per company. This targeted investment strategy is aimed at supporting companies from the seed stage through to Series A funding rounds, with a goal to complete these investments by the end of 2025.
SeaX Ventures has built a reputation for its portfolio that spans multiple sectors, notably healthtech, agritech, and clean energy. The introduction of SeaX Zero highlights the firm’s dedication to advancing sustainability through technological innovation, reinforcing its commitment to promote environmental stewardship in alignment with global climate goals.
The announcement of SeaX Zero aligns with the growing trend of venture capital firms increasing their focus on sustainable investments and highlights the pivotal role that innovative technologies will play in addressing climate issues.
