Convective Capital raises an $85 million fund to build disaster resilience
Convective Capital has launched an $85 million fund aimed at enhancing disaster resilience. This fund follows a previous $35 million fund and is primarily backed by institutional investors. The firm plans to invest in technologies that address various natural disaster risks, expanding its focus beyond just wildfires.
- ▪Convective Capital's new fund is focused on building resilience against natural disasters.
- ▪The firm has previously invested in companies that have generated $100 million in revenue.
- ▪79% of the portfolio companies from Convective's first fund have progressed from seed to Series A funding.
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| Original publisher | TechCrunch |
| Canonical URL | https://techcrunch.com/2026/05/21/convective-capital-raises-an-85-million-fund-to-build-disaster-resilience/ |
| Publication time | Thu, 21 May 2026 17:41:20 +0000 |
| Retrieval time | 2026-05-21T17:46:35.362Z |
| Last seen | 2026-05-21T17:50:29.582Z |
| Headline source | Publisher (no WeSearch rewrite) |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
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| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
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Opening excerpt (first ~120 words) tap to expand
Fire season kicked off early in California this year, with flames already approaching a former nuclear test site outside of Los Angeles. The rising number of natural disasters in California, and around the world, demand our attention — and, in Silicon Valley, venture investment. Convective Capital, an early-stage venture fund led by Bill Clerico, announced a new $85 million fund Thursday, following up on a $35 million fund raised in 2022. While the first fund was mainly backed by wealthy individuals (including Clerico, a cofounder of WePay who sold the startup to JPMorgan for $300 million in 2017), this latest fund is largely backed by institutions, including insurance companies and asset managers.
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