WovenEarth Ventures has closed its second investment fund with $155 million in commitments, bringing the firm’s total assets under management to more than $330 million. The final close of WovenEarth Fund II occurred on May 29, 2026. The fund is focused on early-stage cleantech companies operating across energy, industry, resilience, and related markets.
WovenEarth seeks to provide investors with diversified exposure to early-stage cleantech through a combination of investments in venture funds and direct co-investments.
Fund II is expected to provide exposure to more than 250 companies. WovenEarth plans to invest in a selected group of U.S. early-stage cleantech funds while reserving approximately one-third of investable capital for co-investments alongside those managers.
The fund has already committed capital to seven funds and completed 20 co-investments across areas including geothermal energy, battery storage, critical minerals, robotics, and orchestration software.
Returning investors from WovenEarth Fund I include The Pennsylvania State University, Glenmede, Mortenson Family Foundation, and M.A. Mortenson Companies. New partners include foundations, family offices, and J.M. Huber Corporation.
KEY QUOTES:
“We believe we are in the midst of a massive innovation wave: We call it Cleantech 2.0. We see cleantech as fundamental to the future of the global economy. It has the capacity to boost profit and reduce risk in key areas such as AI-driven electricity demand, domesticating supply chains, and the rising cost of extreme weather. In our view, cleantech companies cover a broad range of sectors and are no longer a niche investment category. We see them as better businesses that happen to be clean.”
Jane Woodward, Managing Partner at WovenEarth Ventures
