European venture fund 2150 has successfully raised €210 million in a new fund dedicated to investing in climate technology startups aimed at addressing cities’ carbon footprint challenges. The firm’s co-founder and partner, Jacob Bro, highlighted the critical role of cities in resource consumption and emissions, emphasizing the need for innovative solutions.
2150’s investment strategy focuses on identifying technological advancements and overcoming bottlenecks within urban environments to drive sustainable prosperity. By aligning sustainability with sound business practices, the fund aims to deliver economic, efficient, and geopolitically independent solutions.
This approach has attracted a diverse group of institutional investors and family funds, propelling 2150’s total assets under management to €500 million. With 34 limited partners contributing substantial investments, the fund is well-positioned to support cutting-edge climate tech initiatives.
Source: TechCrunch