Giant Ventures Raises $250M For Climate and Health Startups Across Europe and US
• Giant Ventures, a UK-based VC, raises $250M across two new funds to invest in climate, health, and "purpose-driven" startups in Europe and the US
• The raise includes a $100M seed fund and a $150M climate-focused growth fund targeting Series B companies
• Giant invests across both sides of the Atlantic and is led by former founders and operators in a European ecosystem dominated by VCs without startup experience
• Half the new capital will go to European companies including the UK, the other half to US companies
• The news comes amid a flat European VC market over the last 2 years, with startup investment down in 2022, while some North American investors are pulling back