Actor Robert Downey Jr launches venture fund Footprint Coalition Ventures
American actor and producer Robert Downey Jr recently announced the launch of his venture fund Footprint Coalition Ventures at the World Economic Forum's Digital Davos event. The media and investment group aims to combine high impact media with early-stage and opportunistic growth stage investments.
Footprint Coalition Ventures will be investing in early and late-stage companies, alongside institutional partners. It will also be supporting early scientific and technological research efforts to advance frontiers. The VC plans on making charitable grants to non-profits that promote the adoption of environmental technology. The company has already invested in YNSECT, Cloud Paper, and RWDC.
"I love our planet but it's got problems. We need new solutions, and lucky for us, sacrifice is not the only answer. I am seeing crazy, amazing tech products that can restore the environment," Robert Downey Jr said.