A climate technology investment group that counts Leonardo DiCaprio among its advisers yesterday announced the closing of its first funding round and says it exceeded targets.

Why it matters: Princeville Capital's Climate Technology Fund aims to invest over $300 million over the next four years in companies that will deploy "near-term climate solutions," the announcement states.

Thought bubble: It's a recognition of the need to support companies improving or creating technologies that will yield emissions cuts soon.

  • It's a contrast to some other funds, like the Bill Gates-led Breakthrough Energy Ventures, that often focus on longer-horizon startups.

What's next: "The fund will invest in several core climate-focused sectors including smart grid technologies, industrial and building efficiency, precision agriculture, smart cities and technologies that promote climate resilience," the announcement of the fund's closing states.

Go deeper:

Go deeper

Dion Rabouin, author of Markets
21 mins ago - Economy & Business

Investors have nowhere to hide

Photo: Jeenah Moon/Getty Images

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.

Kendall Baker, author of Sports
25 mins ago - Sports

A look inside sports owners' political donations

Data: ESPN/FiveThirtyEight; Chart: Axios Visuals

Sports team owners in the four largest North American leagues (NFL, NBA, MLB, NHL) have donated over $46 million in federal elections since 2015, according to research conducted by ESPN and FiveThirtyEight.

By the numbers: Over the past three elections, $35.7 million of that money (77.4%) has gone to Republican campaigns and super PACs, compared to $10.4 million (22.6%) to Democrats.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.