NYC VC Fund Launch: Planeteer Capital Raises $54M Maiden Climatetech Fund
New York-based Planeteer Capital raised $54M for its debut fund on June 2, 2025, anchored by an Ivy League endowment and Meta former CTO Mike Schroepfer.
Planeteer Capital raised $54 million for its maiden fund on June 2, 2025 — a NYC climatetech vehicle anchored by institutional and operator capital.
Key facts
- Firm: Planeteer Capital
- Date announced: June 2, 2025
- Fund size: $54 million (Fund I)
- Focus: Climatetech pre-seed and seed
- Stage: Often first check, globally
- Lead: Sophie Purdom (Partner), Maggie Mullooly (Team)
Anchor LPs
- Ivy League endowment (anchor)
- Mike Schroepfer — Meta's former CTO
- Additional university endowments, mission-driven foundations, climatetech organizations
Investment themes
Industrial decarbonization, climate risk & intelligence, sustainable supply chains, factory & farm yield optimization, grid management, resource resilience — across hardware-enabled to software spectrum.
Why this matters
Planeteer represents NYC's continued strength in climate capital formation — pairing institutional endowment capital with operator credibility (Schroepfer) at the earliest stages. Sophie Purdom is a recognized climatetech investor and educator in the space.
Sources
- VCWire (June 2, 2025): https://vcwire.tech/2025/06/02/planeteer-capital-raises-54m-maiden-fund/
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