Atlas Capital aims to net $10m for Southeast Asia climate tech fund

Retail investors will get chance to back climate technology

20220721 atlas capital

Atlas will use most of its capital to invest in U.S. climate tech companies that have a mandate to expand to Southeast Asia. (Source images from Reuters and Atlas Capital website)

NGUYEN THI BICH NGOC, DealStreetAsia

HANOI -- Atlas Capital, a climate technology venture capital firm founded by Southeast Asia-based French entrepreneur Djoann Fal, is aiming to raise a $10 million debut fund that it expects to grow to $50 million over time.

Atlas Capital is a so-called angel investor syndicate that allows retail investors to participate in climate tech funds. The community currently has over 160 angel investors. While these individual investors have helped the firm raise its first few million dollars, Atlas Capital is working with several limited partners (LPs) to back the maiden fund, Fal, Atlas' general partner, told DealStreetAsia.

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