Eduardo Saverin’s B Capital hires venture partner for climate team

B Capital’s new venture partner Don Wood / Photo credit: B Capital

B Capital has appointed venture capitalist and climate tech specialist Don Wood as a venture partner of its climate team. In his new role, Wood will expand the VC firm’s investment strategy in climate tech and mentor some of its portfolio companies.

He previously served at US-based investment company DFJ as a managing director. He was also an advisor at VC firms Energy Impact Partners and Piva Capital.

Wood said he’s committed to help solve urgent climate issues and believes B Capital can take a “differentiated approach” to climate tech investing. The company’s portfolio firms in the space include Patch Technologies, which connects buyers and sellers of carbon credits, and Accacia, which offers decarbonization solutions to the real estate industry.

See also: Recession Run: B Capital’s $2.1b plan for the downturn

The development follows B Capital’s announcement of the close of its first healthcare fund at US$500 million in March. It also closed its Growth Fund III at around US$2.1 billion in January.

Note: This article was written with the help of AI. Don’t worry, humans were still involved in producing this story.