Climatetech VC 2150 announced today that it has closed almost €200 million for Fund II, with support from previous and new institutional investors, including Augustinus Fonden, Novo Holdings, EIFO, Carbon Equity, Church Pension Group, and family office Viessmann Generations Group.
The new fund is 75 per cent of the size of Fund I. It has already led or co-led three investments into AtmosZero, Mission Zero Technologies, and METYCLE, with plans to build a portfolio of 20+ across North America and Europe.
According to the Firm, its thesis remains the same: research-led identification of solutions to the greatest challenges of the urban environment to help make cities and their citizens more efficient, resilient and sustainable.
Its focus is Series A, although the initial check size range continues to be €3-15 million to help impactful technologies scale with a healthy reserve ratio to continue backing founders.
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