A year and a half after announcing that he would form a coalition to protect the environment, Robert Downey Jr. is offering more details about how he'll achieve that goal.
The Iron Man actor is launching FootPrint Coalition Ventures to invest in sustainable technologies, he revealed Wednesday at the World Economic Forum.
FPCV will function as an investment vehicle known as a rolling fund that is open to new investors on a continuous basis. The group, which is working with investment platform AngelList to open itself up to potential investors, will comprise two funds — one for early-stage companies and one for late-stage ventures — with a goal of investing nearly $100 million per year, per managing partner Jonathan Schulhof.
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