Climate-conscious investors, frustrated at the spray-and-pray approach of traditional ventures, are tipping money into a new $200 million climate-focused fund managed by the team behind the Clean Energy Finance Corporation’s early venture foray.

Virescent Ventures has already committed more than $260 million to climate-specific tech start-ups over the last six years, but is now trying to leverage the growing number of family offices and companies scrambling to gain exposure to technologies that might shift the dial on the global energy transition.