Venture capital firm, Braemar Energy Ventures, is seeking to raise $300 million for its latest fund, Braemar Energy Ventures III, GigaOm reports. The firm has begun the fundraising process and has not closed on any investments yet.

Braemar mainly invests between $1 million and $10 million into early stage companies, such as its nuclear fusion startup or ocean seeding company, Climos. Braemar, which has invested in more than 25 companies, recently invested in South San Francisco-based Solazyme, a company that makes clean energy from algae and other marine microorganisms, adds Xconomy.

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