Auditing and consulting firm PwC Germany has invested an undisclosed figure in Europe’s €350 million dedicated climate-tech VC, World Fund.
Looking at early to growth-stage startups with high climate performance potential, World Fund invests in companies ranging from alternative proteins to energy storage options and smart charging infrastructures as a service. The ultimate goal of the fund is to save 2 gigatonnes of emissions by 2040, a sum that reflects 4% of all global emissions.
World fund has invested in five startups to date including Space Forge, a Bristol-based startup aiming to develop the world's first returnable satellite which will be used to produce materials that are impossible to manufacture on Earth, and Juicy Marbles, the Slovenian startup producing a plant-based filet mignon that is, reportedly, tastier and includes health benefits greater than the real thing. Bono was unavailable for comment.
With an already impressive LP list including limited partners including Ecosia, FIFA World Cup-winning footballer Mario Götze, Trivago co-founder Rolf Schrömgens; Econos, a sustainable investment platform founded by Alexander Samwer; serial female entrepreneur and author Verena Pausder and her husband Philipp Pausder, the founder of Thermondo, World Fund now adds PwC Germany to the list.
“The PwC network has made a worldwide science-based commitment to reach net-zero greenhouse gas emissions by 2030,” commented PwC’s Rainer Kroker. “We believe that climate tech, specifically those startups that are focused on cutting carbon emissions, has a fundamental role to play in this and that is why we invested in the World Fund.”
For further context, don't miss Tech.eu founder Robin Wauters' chat with World Fund general partner Tim Schumacher.
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