Paris-based venture capital firm 360 Capital has announced the first closing of its €140 million climate tech fund, 360 LIFE II, according to EU Startups. The new fund aims to reach its target of €200 million by engaging key industrial partners and institutional investors.
The new fund will invest in European Series A and B startups focused on energy transition (e.g. renewable energy, energy storage, hydrogen); circular economy (e.g. waste reduction, blue economy, natural resource protection); and urban sustainability (e.g. pollution reduction, net – zero solutions, smart infrastructure)
A2A, as anchor investor and industrial partner, has allocated €40 million. CDP Venture Capital, through the International Fund of Funds and the Green Transition Fund – PNRR, which utilizes resources allocated by the EU under the NextGeneration EU initiative, has committed a total of €44 million. De Nora, an investor and industrial partner committed €10 million and Bpifrance participated as institutional partner.
“Multidisciplinary deeptech startups offer the best chance to deliver truly transformative solutions to climate change,” said Cesare Maifredi, Partner at 360 Capital At 360. “We’ve spent over a decade making bold investments in frontier technologies, never shying away from hardware or complex engineering challenges. We’re proud to back visionary founders leading the ecological transition through breakthrough innovations.”
