Amazon on Thursday announced the first companies to receive money from a $2 billion venture capital fund it formed to help combat climate change.
Axios Re:Cap digs into how Amazon hopes the fund will help achieve its goal of being carbon neutral by 2040, and whether the plan is more substance than spin, with Matt Peterson, Amazon's director of new initiatives and corporate development.
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Substack is raising $65 million in new venture capital funding that would value the company at around $650 million, Axios has learned. Existing investor Andreessen Horowitz is leading the round.
Why it matters: Substack, which provides a platform on which writers can publish paid email newsletters and keep most of the revenue, has seen its popularity soar.
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