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Google search rival Ecosia launches $405 million VC fund to back climate tech start-ups

Ecosia, the search engine that uses its ad revenue to plant trees, has launched a 350 million euro ($405 million) venture capital fund focused on the climate crisis.

The so-called World Fund will invest in the “next generation” of founders looking to tackle the issue, Ecosia said, and will measure its success on “climate returns” as well as financial returns.

“Our goal is to solve climate change,” Ecosia CEO Christian Kroll told CNBC ahead of the launch on Tuesday, just days before the COP26 climate summit.