Technology | Ocean | Founders | Startups | Climate
In the last 60 years, natural disasters, driven by climate change, are punishing coastlines at a far greater rate than inland disasters (see graph). Furthermore, the extremes of these events will worsen and may likely increase in frequency. Not to mention the fact that 40% of the world’s population lives in, commutes through, works around, and is otherwise part of this impact zone.
Funding | Propeller | Founders
Today we are proud to announce our first fund of $100 million [press release],committed to innovators building scalable companies that tackle the climate crisis with science-led solutions. Our mission is to leverage and protect our planet’s greatest asset, the ocean. Propeller will accelerate the science, innovations, and solutions that can mitigate the worst effects of climate change. The ocean is critical to reducing emissions and drawing down carbon dioxide, and few know this as well as our friends and partners at Woods Hole Oceanographic Institution (WHOI). As WHOI’s president and director, Peter deMenocal, once put it to us, “You simply can’t get there without the ocean.”