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Berlin-based World Fund closes milestone €300 million fund to institutionalise climate capital in Europe

World Fund, one of Europe’s leading climate tech VC, has closed a €300 million first fund. Notable backing comes from major investors including EIF, KfW Capital, Wachstumsfonds, BPI France, PwC Germany, NRWbank and Ignitis Group. A number of pension funds also joined the fund, including the UK Environment Agency Pension Fund, Wiltshire Pension Fund, and Croatia’s Erste Plavi. World Fund’s first investor Ecosia, Europe’s largest independent search engine, also committed capital. Closing at this amount means that World Fund has raised the largest ever first-time fund in European climate VC history. This capital will enable the World Fund team to make 25-30 substantial investments into European startups, those building technologies with the potential to decarbonise entire industries.
Berlin-based World Fund closes milestone €300 million fund to institutionalise climate capital in Europe | EU-Startups

Berlin-based World Fund closes milestone €300 million fund to institutionalise climate capital in Europe | EU-Startups

World Fund, one of Europe's leading climate tech VC, has closed a €300 million first fund. Notable backing comes from major investors including EIF, KfW

https://www.eu-startups.com/2024/03/berlin-based-world-fund-closes-milestone-e300-million-fund-to-institutionalise-climate-capital-in-europe/




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  • johnte ndeto

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    34 w

    With the backing of major investors and pension funds, World Fund is well-positioned to drive impactful change in decarbonizing industries.

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    • Grace Njeri

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      34 w

      If the world is going to shift away from the most damaging impacts of the climate crisis, it needs to decarbonize the industry sector.

      2
      • johnte ndeto

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        34 w

        @grace_njeri_804 This is an incredibly positive development for the climate tech ecosystem in Europe.

        1
      • George Kariuki

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        36 w

        This is fantastic news for Europe and the fight against climate change! Investing in startups is exactly what we need to #Decarbonize industries and build a greener future.

        2
        • Rukia Ahmed Abdi

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          36 w

          Great achivement.Such an amount will go a long way towards sustainable investments

          3
          • Gorffly mokua

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            36 w

            This is a significant milestone in the shift towards sustainable investingđź’šđź’šđź‘Ź

            8
            • walter lungayi

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              36 w

              This is a significant step in institutionalizing climate capital in Europe. This achievement signifies a growing commitment to funding sustainable initiatives, highlighting the increasing importance of investing in climate-friendly projects for a greener future.

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              Re-watch all our COP29 broadcasts

              We need to stop methane and #BuyMoreTime