European Investment Firm 360 Capital Raises €140 Million for Climate…

Team S · 2024-12-30T16:46:43.000Z

European venture capital firm 360 Capital has successfully raised €140 million ($154 million) for its dedicated climate tech fund. This significant fundraising effort highlights the growing interest and investment in technologies aimed at addressing climate change and promoting sustainability. - Fund size: The climate tech fund reached €140 million, surpassing its initial target of €100 million. - Investment focus: The fund will primarily invest in early-stage startups developing technologies to combat climate change and promote sustainability. - Geographical scope: While based in Europe, the fund will have a global investment mandate, seeking opportunities worldwide. - Target sectors: Key areas of interest include renewable energy, energy efficiency, sustainable transportation, and circular economy solutions. - Investment strategy: The fund plans to make initial investments ranging from €1 million to €5 million, with the potential for follow-on funding. - Impact goals: Beyond financial returns, the fund aims to support technologies that can significantly reduce carbon emissions and promote sustainable practices.

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European Investment Firm 360 Capital Raises €140 Million for Climate… | Newnex