1955 Capital, based in San Francisco, announced its first close with a significant $200 million commitment. The firm deals with a range of investments in energy, agriculture, education, sustainable manufacturing, food, and health. Andrew Chung, the owner of Company 1955 Capital, launched the firm in 2015 after leaving Khosla Ventures (he left the company in good faith). In all, investors committed to sustainability technologies and renewable energy have obtained commitments of 830 million dollars in the first two months of 2016.
Andrew Chung has been an investor in sustainability sector for about ten years. 1955 Capital was started as a result of the years of thinking about how to combine capital investment with long-term visions about the future of the world’s environmental and economic health. Mr. Chung aims to bring the resources (money and technology) of developed economies to bear on the social and environmental issues facing emerging markets like China.
According to Mr. Chung, in order to commercialize sustainability technologies, it would take the collaboration of the great minds of scientists in the West and the survival demands of the individuals in the East. Andrew Chung already has a history of doing that, and he had recognized this fact in the mid-to-late 2000s when the renewable energy market was going through lean times. He said that he would invest in technologies for the developed economy to solve the challenges of the developing economy.
According to the San Francisco based investor, Mr. Chung, 1955 Capital will start developing its theory that Western technologies and the demand in the emerging market can yield success in China. However, this is not the only region where the company is planning to commercialize technologies. The company released a statement mentioning that it will also spend significant resources and time together with strategic partners in other geographies such as Africa and Southeast Asia.
Read More : www.mercurynews.com/2016/02/24/veteran-vc-launches-1955-capital-with-200-million/