As companies and consumers look for more ways to go green, investors are increasingly looking for companies that are driving real innovation in the climate tech space.
Across Europe, a number of venture capital firms are looking for startups that are providing real solutions to the ongoing climate crisis, helping industries like agriculture, transport and energy become greener.
In fact, according to Sifted, in the first half of this year, €6.2bn was invested into European climate companies, including both debt and equity. Whilst this was a slight drop on previous years, it still shows the fundraising potential that many climate tech startups have across Europe.
And as countries race to reach net zero, the importance and growth potential of these startups is bigger than ever.
So, if you’re a climate tech company looking to raise investment, we’ve pulled together 10 European VCs that might be looking for you.
From early-stage funds to large firms, these investors aren’t just investing in the green revolution, but strategically backing the companies leading it.
So who are they?
Future Energy Ventures
Future Energy Venture is a VC company based in Berlin Germany. The company supports ready-to-scale start-ups across Europe, Israel and the USA whose offerings focus on energy transition and decarbonisation.
They are looking for digital, scalable companies seeking Series A and beyond funding.
Their portfolio includes companies like ev.energy, polkadot, hypelabs and more.
Future Planet Capital
Based in London, Future Planet Capital is an impact-led VC that is backing companies from the world’s top universities and innovation centres.
Mapped against UN Sustainable Development Goals, their 140 portfolio companies are helping solve global challenges profitably.
Their portfolio companies include Navenio, Beam and Tropic and they look for companies setting out to commercially solve global problems.
Ananda Impact Ventures
Ananda Impact Ventures is backing companies across Europe that are achieving impact on a global scale, helping to ‘change the world’.
With 44 companies invested in to date, the fund only invests in companies making a real impact on a social and environmental level.
Their portfolio companies include Jua, Ocean Ledger and Decade.
Extantia Capital
Extantia is a venture capital firm based in Berlin that backs companies pioneering new climate technologies that are building towards a more sustainable future.
As a climate tech generalist, they invest in early-stage software and hardware that have power to redefine industries.
2150
2150 is a VC firm that is ‘taking on the biggest sustainability challenge on the planet’ – urban development.
The fund backs innovators that are creating new technologies focused on sustainable urbanisation.
Their portfolio companies include Ampd Energy, Nabr and NatureMetrics.
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Green European Tech (GET) Fund
GET Fund is an impact venture capital investor that powers Green European Tech startups. They support companies that are helping to innovate in sectors like energy, food, agriculture, manufacturing, buildings, and mobility.
With a portfolio that includes Vamo, Metron, Circumonics and more, they are on a mission to pioneer cleantech investing.
Climate VC
Based in The UK, Climate VC is an S/EIS fund that invests in pre-seed and seed climate startups. The fund invests in teams that are building technologies and products that decarbonise the economy and the world we live in.
With a portfolio including Cur8, Climate Aligned, Kita and Anaphite, the company is on the hunt for more businesses to help decarbonise every area of our lives.
Carbon13
Carbon13 builds and backs ventures that are addressing issues surrounding climate change. In particular, it looks at ventures that have the potential to reduce or remove CO2 emissions by net 10 million tonnes per year.
With venture building programmes in the UK and Germany, they are looking for climate tech startups with the potential to succeed on a global scale.
Pale Blue Dot
Pale Blue Dot invests in early stage pre-seed and seed companies, looking to raise between €0.5-2M. Primarily, they invest in software and hardware businesses working within climate tech, particularly around decarbonisation.
Their portfolio includes companies all over the world, including Varm, Way, Sphere and VEAT.
Sustainable Ventures
Based in London, the aptly named Sustainable Ventures support climate startups all the way from idea to exit. With over 53 startups in their ecosystem to date, the fund provides guidance, space and mentorship to help grow some of Europe’s most exciting sustainable ventures.
Their portfolio includes some exciting companies, including Biophilica, Kuppa and Sunswap.
