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Actor and Academy Award winner聽 has long been known for his environmental activism. Now, he鈥檚 putting his money where his mouth is聽as an investor and advisor in its Princeville Capital’s newly-formed climate technology fund.

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has a combined $500 million worth of assets under management in its current global fund and the new climate technology fund.

This is not DiCaprio鈥檚 first foray as an investor. He previously put money into startups such as , which specializes in manufacturing eco-friendly wool shoes, and mattress startup .

DiCaprio himself this morning. In a press release that went out today, he said that addressing climate change 鈥渞equires an urgent, broad-based shift in our energy use.鈥�

鈥淭echnology and private sector investments will play a critical role in securing a healthier future for our planet,鈥� the actor added. 鈥淭he vision of the Princeville Capital team, and the goals of the Fund are part of this effort and I look forward to working closely with them.鈥�

The Princeville Climate Technology fund is led by founding partners , Eric Kosmowski, and . It has offices in San Francisco, Hong Kong, and Amsterdam. The new fund invests in what it describes as 鈥減roven, growth-stage technology companies that are driving a positive impact on climate change.鈥� It looks at companies in a variety of sectors including energy efficiency, mobility, smart grid/IOT,聽and smart cities.

Managing Partner Rodriguez Torres said his firm was 鈥渋nspired鈥� by DiCaprio鈥檚 commitment to tackling climate change through initiatives such as the 1998 formation of the with the mission of protecting the world鈥檚 last wild places.