VoLo Earth Secures $135M Fund II, Growing 50% Despite Venture Downturn, Validating Systematic Strategy

Snowmass, CO – September 17, 2025 – VoLo Earth Ventures today announced the close of its second fund at $135 million, a 50% increase over its inaugural $88 million fund. The raise grows VoLo Earth’s total Assets Under Management to around $250 million and underscores investor conviction in its disciplined, capital-efficient strategy. The announcement comes at a time when venture fundraising is at decade lows, making VoLo Earth’s Fund II close a standout signal of where capital is moving. 

Anchored by Voloridge Investment Management and supported by other leading global financial institutions and family offices, including Carbon Equity, Cathay Innovation’s InnoSquare fund, Morgan Stanley | Graystone, and WovenEarth Ventures, Fund II will focus on next-generation innovations in energy, mobility, buildings, and industry. These sectors represent trillion-dollar opportunities for resilient, decarbonized systems and repeatable financial performance. 

Fund I (2021 vintage) has already validated VoLo Earth’s strategy, ranking in the top decile of venture performance (Carta, Q4 2024). Two realized exits in 2025 (Pearl Street Technologies and Gaiascope), both acquired at above book value, provide rare proof of realized returns in earlystage climate ventures. 

“Fund II reinforces that energy transition investing is driven by superior economics and large market demand for safer, cleaner, and more resilient technology,” said Kareem Dabbagh, CoFounder and Managing Partner at VoLo Earth Ventures. “Our companies provide better products and services at lower costs, while creating jobs and strengthening supply chains in ways that reach across the aisle. That’s why investors continue to back VoLo Earth.” 

VoLo Earth has developed one of the most respected portfolios of companies in the sector. Fund I companies such as Blue Frontier, Ion Storage Systems, Skyven, and Nth Cycle are scaling technologies that deliver unprecedented value to customers while saving money and lowering carbon footprint. Software companies like Banyan Infrastructure and AICrete are market movers in sustainable finance and concrete, respectively, while Rain is automating rapid wildfire suppression with real aircraft today. Fund II is already in deployment, with companies like XGS Energy scaling next-gen geothermal technology, Cambium Carbon disrupting the timber industry with cost-effective mass timber, and just-announced Reframe Systems applying AI and robotics to fix America’s housing crisis. 

Unlike many early-stage investors, VoLo Earth often leads rounds and takes board seats with 96% of Fund I AUM involving board participation. The team combines scientific rigor, investor discipline, and an operator mindset, embedding that rigor early so companies can scale smarter. 

“In 2021, Voloridge anchored VoLo Earth Ventures to fill a gap identified in the early-stage energy transition market. Our view was that a systematic strategy focused on superior economic returns would unlock a landslide of capital into climate solutions. The firm’s top-decile performance along with a strong Fund II raise provides early validation of that strategy,” said David Vogel, CEO of Voloridge Investment Management. 

VoLo Earth’s partners bring over 75 years of combined operating and investing experience in the energy transition. Their approach centers on inevitable winning economics, backing technologies in energy, mobility, buildings, and industrial decarbonization that deliver cost savings, strengthen supply chains, and are ready to scale commercially. The economy depends on these backbone sectors, where emissions reductions and superior returns align. 

“VoLo Earth is among the most exciting funds investing in innovations that can provide a secure, clean, and affordable energy future for all,” said Amory B. Lovins, Cofounder and Chairman Emeritus, RMI (Rocky Mountain Institute). 

The announcement comes in the lead-up to Climate Week NYC (Sept. 21–28, 2025), where VoLo Earth partners will join global leaders to highlight how capital is moving into the solutions that will define the next decade. At a time when overall venture capital fundraising is shrinking, VoLo Earth’s close of Fund II signals that market-tested energy innovations are gaining momentum. 

About VoLo Earth Ventures 

Founded in 2020 and based in Snowmass, Colorado, VoLo Earth Ventures is an early-stage venture capital firm backing capital-efficient solutions across the energy, mobility, building, and industrial sectors. Led by former RMI leaders and seasoned quantitative investors, the firm combines rigorous techno-economic analysis with hands-on portfolio engagement to accelerate decarbonization while generating superior returns. With more than 75 years of combined operating experience in the energy industry, VoLo Earth invests with clarity and conviction in the sector’s complexity – screening and winning high-quality deals, creating value from the first founder conversation, and driving portfolio companies toward successful exits.