Liberty Global’s investment unit has contributed to the equality and climatetech-focused Avesta Fund, which has raised over 80% towards its ceiling.
Liberty Global Ventures, mass media group Liberty Global’s corporate venturing arm, has invested $2m in US-based impact-oriented private equity firm Avesta Capital’s $20m Avesta Fund through a strategic partnership agreement.
Avesta Fund backs seed-stage, diversity and inclusion-minded companies working on technologies and products that could help mitigate inequality or address the climate change crisis. The firm said it has now secured more than 80% of the fund’s target size, indicated by a securities filing to be $20m.
