After spending millions of dollars Bill Gates' Breakthrough Energy suspends new investment, lays off staff; follows Gates 'doomsday view of climate change' memo
Bill Gates-backed Breakthrough Energy has reportedly halted new investments from its Catalyst fund, which aimed to scale green technologies. This decision follows "high hundreds of millions of dollars" invested in 10 startups. The fund's spokesperson stated it has transitioned to managing existing companies, with no immediate plans for further fundraising.
Bill Gates-backed Breakthrough Energy has reportedly halted new investments from its Catalyst fund, which aimed to scale green technologies. This decision follows "high hundreds of millions of dollars" invested in 10 startups. The fund's spokesperson stated it has transitioned to managing existing companies, with no immediate plans for further fundraising.
