Paris-based venture capital firm Blisce has announced the launch of a new climate tech fund, aiming to raise €150 million (approximately $162 million). The fund will be led by investor Pierre-Edouard Berion, with Lucie Basch, co-founder of Too Good To Go, joining as a venture partner.
Blisce, founded by entrepreneur-turned-philanthropist Alexandre Mars, operates out of Paris and New York. Mars, known for creating and selling tech companies to giants like Publicis and BlackBerry, previously raised $240 million (around €225 million) for Blisce’s last fund.
Mars also established Epic, a nonprofit foundation supporting organizations that combat childhood inequality in education and health, and fight climate change. A portion of Blisce’s profits funds Epic's operational costs, with the Blisce team committing 20% of its carried interest to the foundation.
Blisce has a track record of investing in successful companies, including Spotify, Pinterest, and Headspace. More recent investments include Brut, Sorare, and Welcome to the Jungle. While Blisce's portfolio has traditionally focused on consumer tech, the new fund will target tech startups positively impacting climate change, particularly in industries such as materials, food, construction, mobility, and energy.
Pierre-Edouard Berion, who will lead the fund, is well-known in Paris' VC circles. He previously served as investment director at Eurazeo, where he invested in companies like Zenly, Withings, and Vestiaire Collective, and later joined Raise Ventures as a partner.
Lucie Basch, whose company Too Good To Go is backed by Blisce, will contribute as a venture partner while continuing her role at Too Good To Go. Blisce is still in the process of raising money for the climate tech fund, and it will be interesting to see how successful they are in reaching their target.