Vectr7 Investment Partners announced today that it has secured a significant portion in initial commitments for its first fund to back early-stage climatetech startups.
The UK-founded fund plans to raise a total of $25 million to invest in companies across Europe with a specific emphasis on GHG capture or avoidance in real estate, infrastructure, transport and utilities.
The Fund – Vectr7 Venture Series 2022 LP – has previously closed four initial investments, including follow-on financing.
Vectr7’s founders Dominic Wilson and Mary Criebardis Singh, have been investing together for 10 years since they came together as co-founders at Pi Labs, the early-stage European proptech investment firm.
They have closed over 50 investments, including companies such as LandTech, Plentific, Built-ID and Office App (which was acquired by Hq0).
According to Mary Criebardis Singh, Founder and Managing Partner:
“Our vision is to provide early-stage companies with the strategic and operational support needed to build scalable, global companies that will have a lasting impact.
Vectr7 is committed to redefining how the real assets industries use the latest technological advances to address their energy use, embodied carbon and overall emission levels in terms of methane, CO2 and nitrous oxide.”
The new fund is targeting cheque sizes of $1-3 million and will look to invest in approximately 15 ventures.
It has already backed three companies, including machine learning-powered smart sockets company measurable.energy, hybrid-work management software company Kadence, and local office space and events company Patch.
Lead image: Vectr7’s Dominic Wilson and Mary Criebardis Singh. Photo: uncredited.