BY DENNIS PRICE
Want to spot the next Tesla? Watch DBL Partners.
The “double bottom line” venture capital firm has closedDBL Partners III, its third fund, with $400 million in capital. The portfolios of DBL’s previous funds include some of the most successful social ventures to date, including Tesla Motors, Solar City, Revolution Foods and Ecologic.
“The size of this fund puts impact investing squarely in the mainstream and the sustainability focus included in its mandate puts to rest any concerns that the time for clean energy investing has passed,” said Nancy Pfund, managing partner and founder at DBL. “Building great companies that also help to solve some of the core challenges of our age is not an oxymoron as some would posit – in our view, these goals go hand-in-hand and there is no sacrifice.”