As Europe enters a critical phase for energy, and the world urgently confronts a warming planet, brave solutions are required. Recently Climentum raised €150 million in funding to back founders and be an attractive option to investors as well.
And now making the sector hotter, Berlin-based climate venture firm Extantia Capital has announced €300 million platform to invest in and accelerate climate tech innovation.
The platform includes Extantia Flagship, a €150 million venture fund dedicated to backing scalable deep decarbonisation tech companies, Extantia Allstars, a €150 million fund-of-funds investing in climate tech venture capital funds across the globe, and Extantia Ignite, a sustainability hub advancing knowledge and competence in climate innovation and ESG practices.
With 12 direct investments and 7 venture capital fund commitments in its kitty, the company already has over €100 million assets under management. Backed by investors such as Anglo American, Toyota Ventures, and top-tier family offices such as the Piëch and Oldendorff families, the new move is expected to facilitate the green energy movement.
Its portfolio companies include the likes of H2Pro, INERATEC, GA Drilling, BeZero, and Reverion.
According to Sebastian Heitmann, partner at Extantia, it is more than just another climate tech fund. “To reach net zero, we need a major change across the entire economy and mobilisation of all market players. Over the past two years, we built a platform to catalyse this movement. We provide economically and ecologically viable investment alternatives to asset managers; education and knowledge to industry leaders and policymakers; and capital and domain expertise to entrepreneurs.”
The company’s focus includes energy, industrial processes, buildings, transportation, and carbon removal technologies. Examples include sustainable fuels and petrochemicals, hydrogen supply chain, renewable baseload power, and direct air capture. Extantia also uses comprehensive methodology to verify that new technologies do no harm and avoid negative impacts on the environment and society.
Laura-Marie Toepfer, partner at Extantia added: “Extantia Ignite is where industry meets technology and science. By combining our scientific carbon measurement with sustainable investing, our hub is designed to engage and empower all stakeholders — entrepreneurs, policymakers, family business leaders, and institutional investors — to achieve their own net zero targets and that of their customers.”
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