Robert Downey Jr. launches venture funds to invest in sustainable technology

The actor and activist’s Footprint Coalition will back early and later-stage companies addressing climate change and environmental challenges.

On January 27, 2021 FAST COMPANY reported, Actor and producer Robert Downey Jr., who quietly has been building an umbrella organization for his environmental initiatives, today unveiled Footprint Coalition Ventures, a pair of so-called rolling venture funds that will invest in sustainability focused companies.

The venture funds are part of Footprint Coalition, a project Downey Jr. announced in 2019. The coalition also includes a nonprofit arm that supports early scientific research, and a storytelling component that produces content about sustainable technologies.

Downey Jr. tells Fast Company that the investment arm makes a statement about the role private companies can play in tackling sustainability goals. “This just feels so vital,” he says, calling the venture funds “a commitment to wanting to really get knee-deep in the problem solving.” Downey Jr. announced the funds Wednesday at the World Economic Forum’s Davos Agenda event.

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