Amsterdam’s climate VC Carbon Equity secures €60M
Amsterdam-based Carbon Equity, a leading climate venture capital and private equity investment platform announced a strong first close of its Climate Tech Portfolio Fund III, raising €60M. This comes just two months after securing €100M through its Climate Tech Portfolio Fund II in March 2024.
Funding surge to accelerate climate transition
The Climate Tech Portfolio Fund III, launched earlier this year, has secured €60M in this round of funding. The recent €60M was sourced from 160 high-net-worth investors, including notable figures such as Edmond Hilhorst, founder of Independer, Coen van Oostrom from Edge Technologies, and Saskia Bruysten from Yunus Social Business.
The announcement follows closely on the heels of the €100M raised in March for the Climate Tech Portfolio Fund II, underscoring Carbon Equity’s momentum in the climate tech investment space. To date, Carbon Equity has successfully raised €250M from 900 investors.
Just as the Climate Tech Portfolio Fund II was designed to invest in up to 10 carefully selected climate initiatives, The Climate Tech Portfolio Fund III will work to Invest in 7-10 of the world’s most exciting climate technology venture capital and private equity funds. This could include companies developing innovations in green hydrogen, CO2-free cement, and advancements in battery and protein technologies.
Climate Tech Portfolio Fund thrives in Amsterdam’s climate innovation sector
Carbon Equity's mission is to simplify access to private equity and venture capital, building a dedicated community of investors committed to combating climate change with their capital. Currently, Carbon Equity has invested in over 120 tech companies, generating €1.7B in sales so far.
As the challenges of climate change become more urgent, the venture capital’s initiatives highlight the critical need for innovative solutions and investment opportunities available in this sector. Underscoring not only the pressing need for sustainable solutions but also the potential for impactful investments that address crucial climate issues.
Amsterdam is leading the way in climate tech innovation, with numerous energy startups and companies like Van de Bron, which focuses on wind, solar, and biomass energy, and Triple Solar, which utilises PVT panels for gas-free heating and cooling. The city also recently saw a €28 million investment in the startup CuspAI. This Dutch company uses AI to identify materials that can bind CO2, offering an innovative solution to reduce atmospheric CO2 levels. These efforts highlight Amsterdam's commitment to advancing climate tech and the energy transition.
