The Climate Scout Fund is the first climate-focused scout fund, combining the networks of Climate Capital, Earthshot Ventures, and Elemental Excelerator. The fund's mission is to empower a diverse set of climate-tech leaders with capital and community to seed tomorrow's necessary climate solutions. The program recruits climate scouts plugged into powerful early-stage networks (such as Y Combinator and GoogleX) and empowers them with capital to invest in pre-seed climate companies. A key differentiator is the commitment to recruit at least 50% of scouts from groups underrepresented in venture capital.

The Climate Scout Fund aims to address the lack of diversity in venture capital by empowering underrepresented groups to invest in climate-tech solutions. By leveraging established networks and providing capital, the fund seeks to foster innovation in the climate sector.