Comment on 1955 Capital Seals $200 Million Fund Targeting Sustainability In China by Aaron Derkins

['Cate Cadell', 'More Cate Cadell', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2016-02-25 00:00:00

1955 Capital, a freshly-minted VC founded by former Khosla Ventures partner Andrew Chung, has closed a $200 million USD fund aimed at helping developing countries, and the first country on the fund’s roadmap is China. A study released in August 2015 revealed that outdoor air pollution contributes to an estimated 1.6 million deaths every year in China. During his time at Khosla Partners, Mr. Chung invested in LanzaTech, a US company working in China that specializes in converting exhaust from steel mills into less harmful gasses. Mr. Chung said the investment was one of the inspirations for his new fund, noting that supporting American innovation with Chinese capital was one of the primary goals of the project. Mr. Chung and 1955 Capital have not confirmed who contributed to their $200 million USD fund, though they did note that the fund intends to expand beyond China, potentially targeting India, South East Asia and Africa.