Climate tech venture capital firm At One Ventures has announced the close of a $375 million second fund with investments from mission-aligned institutional and individual investors.

Investors in Fund II include World Wildlife Foundation, the John D. and Catherine T. MacArthur Foundation, CalSTRS, New Mexico State Investment Council, and GenZero, the Temasek-owned decarbonization-focused investment platform company, as well as individuals and family offices such as One Small Planet, Toba Capital, and Valhalla Foundation.

The fund is focused on backing early-stage startups with disruptive technologies that can help “reset” the industries causing the most damage to the planet, such as buildings and construction, energy and transportation, and food and agriculture. Forty percent of the founders backed by At One are from groups traditionally underrepresented in venture-backed companies—BIPOC (Black, Indigenous, and people of color) and female founders.

“It's going to take a different kind of thinking than what got us into the climate crisis to get us out. That’s why we’ve invested in founders coming from a variety of backgrounds and on a global scale, ranging from academics and scientists to investment bankers and scale-up veterans,” said At One Ventures partner Helen Lin. “We value diversity of thought so we can get a multi-faceted and in-depth understanding of problems in order to find tangible solutions.”

(Photo credit: iStock/Getty Images/Lawrence Dutton)