Koch Industries and its funding vehicles funnel millions to groups that are decrying “woke capitalism” and attacking the investment giant BlackRock for its leading role in ESG investing. Yet that hasn’t stopped the company’s subsidiaries from partnering with BlackRock to invest in technology startups. An investigation by the Center for Media and Democracy (CMD) has uncovered $425 million in joint investments made by BlackRock and subsidiaries of Koch Industries. In 2021, Koch’s private equity firm Koch Disruptive Technology joined BlackRock in investing a combined $200 million in Maryland-based cybersecurity startup Dragos. And that same year, Koch Strategic Platforms, another of Koch’s private equity companies, joined with BlackRock to lead an investment of $225 million in KORE, a wireless telecommunications company.
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