Chris Sacca Launches Second Nuclear Fusion Fund

Lowercarbon Capital Launches Second Fund for Nuclear Fusion Ventures

Chris Sacca’s venture capital firm, Lowercarbon Capital, is currently in the process of establishing a second fund. This fund will specifically focus on supporting companies developing nuclear fusion energy technologies.

The announcement was made by Sacca during his appearance at the SOSV Climate Tech Summit on Thursday, as detailed in a Bloomberg report.

Investment Portfolio and Previous Funding

Lowercarbon Capital has already demonstrated its commitment to the fusion energy sector. They have invested in prominent startups such as Commonwealth Fusion Systems and Pacific Fusion.

Previously, the firm successfully raised a $250 million fund dedicated to fusion-related ventures in 2022.

Continued Optimism in Fusion Energy

Despite the challenges, a strong belief persists within the venture capital community regarding the potential of nuclear fusion. Numerous prominent climate tech investors, including Vinod Khosla, anticipate a crucial breakthrough that will enable commercial viability.

Recent advancements in the field are increasingly suggesting that such a breakthrough may be within reach.

The High Cost of Fusion Reactor Development

Developing fusion reactors requires substantial financial investment. Commonwealth Fusion Systems, for example, secured $863 million in funding earlier this year.

Prior to this, they had already raised $1.8 billion during a Series B funding round four years ago.

TechCrunch has tracked over a dozen fusion startups that have collectively raised more than $100 million in funding.

Future Fund Size

While Chris Sacca did not disclose the target size for the second fund, a source speaking with Bloomberg indicated that it is planned to be larger than the initial $250 million fund.