Braemar To Raise $300M For VC Fund

Venture capital firm,Braemar Energy Ventures, is seeking to raise $300 million for its latest fund,Braemar Energy Ventures III,GigaOmreports. The firm has begun the fundraising process and has not closed on any investments yet.

Braemar mainly invests between $1 million and $10 million into early stage companies, such as its nuclear fusion startup or ocean seeding company,Climos. Braemar, which has invested in more than 25 companies, recently invested in South San Francisco-basedSolazyme, a company that makes clean energy from algae and other marine microorganisms, addsXconomy.

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