![]() Gregor Hagedorn and Deputy Head of Responsible Research at Fraunhofer Institute Simone Kaiser. The group is then further supported by a network of over 60 limited partners including Ecosia, Trivago co-founder Rolf Schrömgens Econos, a sustainable investment platform founded by Alexander Samwer serial female entrepreneur and author Verena Pausder and her husband Philipp Pausder, the founder of Thermondo.Īnd if that weren’t enough, the World Fund’s scientific and advisory board includes Max Planck Institute of Innovation & Entrepreneurship Professor director Dietmar Harhoff academic director and Scientists for Future founder Dr. Christian Kroll as a venture partner, the founder and CEO of Ecosia.Īdding to the lineup, the World Fund investment team also includes a number of mechanical in chemical engineers, physicists, and a mathematician.Craig Douglas, who has worked in climate investing for over 10 years, primarily at SET Ventures, with notable investments including Sonnen and Limejump.Daria Saharova, who spent 15 years investing in startups such as gridX, at leading European venture capital funds.Danijel Visevic, a former journalist who covered climate tech, startups and venture capital, worked for Angela Merkel and was the director of communications at Project A Ventures.Tim Schumacher, co-founder of Sedo and investor in companies including Ecosia, Zolar, gridX, Pachama and CarbonCloud.Taking the climate crisis head-on, the team behind the World Fund is comprised of some of the biggest and brightest minds on the European scene today. Using the CPP as a key indicator for funding, each company that the World Fund invests in will need to demonstrate that it has the potential to reduce greenhouse gas emissions by at least 100 megatonnes of CO2 per year. One of the key goals of the fund is not to simply write talk the talk with big tickets, but to walk the walk. With the launch of the World Fund, that later number just changed significantly. Looking at the providers, 50% more climate tech patents come from Europe than the US and China between 20, and in the same time period Europe saw 102 climate tech companies founded, a striking figure when the US and China combined saw 80.įlipping the coin, there are only six specifically climate tech-focused VC funds in Europe, with the majority having less than $40 million to back founders with, while the North American numbers see 41 funds with more than $100 million in AUM. It certainly can’t be from a lack of available technologies and talent. With only €6 billion in venture money being invested in European climate tech companies since 2013, the numbers are relatively paltry when compared to the €25 billion and €17 billion invested in the US and China, respectively. Without much need to explain why a fund like this is needed, perhaps the better question is why a European fund like the World Fund has not yet been established. The ultimate goal of the fund is to save 2 gigatonnes of emissions by 2040, a sum that reflects 4% of all global emissions. Looking at early to growth-stage startups with high climate performance potential, the fund will invest in companies ranging from alternative proteins to energy storage options and smart charging infrastructures as a service. Berlin-based search engine that uses advertising revenues to plant trees, Ecosia has launched a €350 million climate tech venture capital fund, the largest of its kind on European shores.
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