Bill Clinton, Mobileye co-founder to raise $1B climate fund

Israeli tech entrepreneur Ziv Aviram and former U.S. President Bill Clinton have partnered on a new climate-tech fund with a target size of $1 billion.

Details: Aviram, who co-founded Mobileye, will co-lead the fund, called EcoBridge, along with fellow co-founder investors Itai Lemberger (Bow Wave Capital Management) and Robert Citrone (Discovery Capital Management).

• Clinton will chair an investing committee, aligning EcoBridge's investments with the Clinton Global Initiative.
• The goal is to raise between $1 billion and $2 billion, and the fund will launch with $100 million of the founders' funds, according to The Media Line.
• The firm plans to raise the remaining funds in 2024.

Big picture: Other billion-dollar climate-focused funds include Galvanize Climate Solutions, Breakthrough Energy Ventures, and Lowercarbon Capital.