Danish VC Climentum Capital secures €60M first close for climate hardware investments
Danish investment firm Climentum Capital has raised €60 million in a first close for its second climate tech fund, backed by the European Investment Fund (EIF), Denmark's export and investment fund EI... Climentum Capital Fund II is targeting €100 million to invest in around 20 early-stage climatetech companies developing industrial decarbonisation, energy and manufacturing solutions across Europe. VC Fund Danish VC Climentum Capital secures €60M first close for climate hardware investments Climentum Capital Fund II is targeting €100 million to invest in around 20 early-stage climatetech companies developing industrial decarbonisation, energy and manufacturing solutions across Europe.
Key Takeaways
- Cate Lawrence 1 hour ago Share Share Send email Copy link Danish investment firm Climentum Capital has raised €60 million in a first close for its second climate tech fund, backed by the European Investment Fund (EIF), Denmark's export and investment fund EIFO , and the Danish Society of Engineers (IDA), to invest in early-stage climate technology startups across Europe.
Developing new climate technologies requires patient, long-term investors willing to support companies long before they become commercially established.
- Fund II targets up to €100 million.
With commitments from EIF, EIFO and IDA, Climentum Capital Fund II has reached a first close of €60 million.
- " The fund expects to make around 20 investments and will invest primarily in Seed and Series A companies developing hardware and deep tech solutions for energy, industry, transport, and agriculture.
Its focus is on businesses that strengthen energy security, improve industrial efficiency and accelerate industrial decarbonisation, particularly in Denmark, Sweden, Germany, Austria and Switzerland.
- " Founded in Copenhagen in 2022, Climentum Capital specialises in early-stage investments in businesses developing technologies that can reduce the carbon footprint of sectors responsible for a large share of Europe's greenhouse gas emissions.
While climate tech companies in Europe offer growing hope of stepping up the fight against climate change, fundraising has been held back by higher interest rates, a tougher exit environment, and broad macroeconomic and geopolitical uncertainty.
- "Through our investment in Climentum Capital Fund II, we are helping to scale critical, yet significantly underfunded, climate technologies that are essential to reducing carbon emissions across European industry and achieving Europe's climate ambitions.
Stats & Key Facts
- #Danish investment firm Climentum Capital has raised €60 million in a first close for its second climate tech fund, backed by the European Investment Fund (EIF), Denmark's export and investment fund EI...
- #Climentum Capital Fund II is targeting €100 million to invest in around 20 early-stage climatetech companies developing industrial decarbonisation, energy and manufacturing solutions across Europe.
- #VC Fund Danish VC Climentum Capital secures €60M first close for climate hardware investments Climentum Capital Fund II is targeting €100 million to invest in around 20 early-stage climatetech companies developing industrial decarbonisation, energy and manufacturing solutions across Europe.
- #Cate Lawrence 1 hour ago Share Share Send email Copy link Danish investment firm Climentum Capital has raised €60 million in a first close for its second climate tech fund, backed by the European Investment Fund (EIF), Denmark's export and investment fund EIFO , and the Danish Society of Engineers (IDA), to invest in early-stage climate technology startups across Europe.
Climentum Capital Fund II is targeting €100 million to invest in around 20 early-stage climatetech companies developing industrial decarbonisation, energy and manufacturing solutions across Europe. VC Fund Danish VC Climentum Capital secures €60M first close for climate hardware investments Climentum Capital Fund II is targeting €100 million to invest in around 20 early-stage climatetech companies developing industrial decarbonisation, energy and manufacturing solutions across Europe. Cate Lawrence 1 hour ago Share Share Send email Copy link Danish investment firm Climentum Capital has raised €60 million in a first close for its second climate tech fund, backed by the European Investment Fund (EIF), Denmark's export and investment fund EIFO , and the Danish Society of Engineers (IDA), to invest in early-stage climate technology startups across Europe.
Developing new climate technologies requires patient, long-term investors willing to support companies long before they become commercially established. Climentum Capital backs hard tech companies that strengthen Europe's industrial resilience, sustainability and competitiveness. With teams based throughout the Nordics and Germany, we lead Seed and Series A rounds in companies addressing energy security, industrial efficiency, and supply chain sovereignty.
According to Morten Halborg, General Partner, Climentum Capital: "The fundraising environment for early-stage climate hard tech has not been easy in recent years. Investors are more selective, timelines are longer, and the proof bar is higher. That is why the composition of the Fund II launch matters: our investor syndicate reflects informed conviction, not momentum investing.
For more details please read the original article at Tech.eu.
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