Wellington Management

Wellington Management announced the final close of its Climate Innovation Fund at $385 million, investing in private companies developing solutions to mitigate and adapt to climate change from Series B through Series D stages. The fund targets 15-20 startups writing initial checks of $10-25 million as lead investor in sectors including energy transition, sustainable buildings and cities, transportation and mobility, and food and agriculture innovation. Wellington's $8.5 billion private investing platform and deep investor base position it as a significant force in climate tech growth equity.