Patagonia launches $20m fund to invest in start- - sportstextiles: Lea SportsTextiles

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Patagonia launches $20m fund to invest in start-ups

09/05/2013
Outdoor brand Patagonia is launching an in-house venture fund, backed by $20 million, to invest in start-up companies that are positively affecting the environment.

The fund is named $20 Million & Change, and will offer equity investments, minority and majority partnerships and joint ventures to companies that “share the same ethos”.

“The only real restriction, besides our environmental ethos, is that they have to have at least $1 million in revenue or capitalisation,” said Rose Marcario, head of the fund.

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