Venture

Leonardo DiCaprio Joins VC Firm Princeville Capital As Investor

Actor and Academy Award winner Leonardo DiCaprio has long been known for his environmental activism. Now, he’s putting his money where his mouth is as an investor and advisor in its Princeville Capital’s newly-formed climate technology fund.

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Princeville Capital has a combined $500 million worth of assets under management in its current global fund and the new climate technology fund.

This is not DiCaprio’s first foray as an investor. He previously put money into startups such as Allbirds, which specializes in manufacturing eco-friendly wool shoes, and mattress startup Casper.

DiCaprio himself tweeted out the news this morning. In a press release that went out today, he said that addressing climate change “requires an urgent, broad-based shift in our energy use.”

“Technology and private sector investments will play a critical role in securing a healthier future for our planet,” the actor added. “The vision of the Princeville Capital team, and the goals of the Fund are part of this effort and I look forward to working closely with them.”

The Princeville Climate Technology fund is led by founding partners Emmanuel DeSousa, Eric Kosmowski, and Joaquin Rodriguez Torres. It has offices in San Francisco, Hong Kong, and Amsterdam. The new fund invests in what it describes as “proven, growth-stage technology companies that are driving a positive impact on climate change.” It looks at companies in a variety of sectors including energy efficiency, mobility, smart grid/IOT, and smart cities.

Managing Partner Rodriguez Torres said his firm was “inspired” by DiCaprio’s commitment to tackling climate change through initiatives such as the 1998 formation of the Leonardo DiCaprio Foundation with the mission of protecting the world’s last wild places.