Climatetech venture capital firm 2150 has announced the closing of almost €200 million for its second fund, with backing from established and new institutional investors. The firm aims to support technological advancements addressing urban environmental challenges. Investors include Augustinus Fonden, Novo Holdings, EIFO, Carbon Equity, Church Pension Group, and Viessmann Generations Group. The fund has already begun allocating capital to startups developing sustainable technologies. While the new fund is smaller than its predecessor, it maintains the same strategic focus.
When 2150 launched its first fund, it raised €268 million and targeted sustainability-driven innovations in urban development. The firm has remained consistent in its strategy of identifying research-based solutions for cities. The first fund backed multiple startups, contributing to advancements in areas such as carbon capture and sustainable construction. With the new fund, 2150 continues this approach but with a reduced total amount compared to Fund I.
Which companies have received investments from Fund II?
Fund II has already invested in three companies: AtmosZero, Mission Zero Technologies, and METYCLE. AtmosZero is working on solutions for industrial heat decarbonization, while Mission Zero Technologies focuses on direct air capture technology to remove carbon dioxide from the atmosphere. METYCLE operates a metal recycling platform, aiming to improve resource efficiency in the materials sector. These investments reflect 2150’s strategy of targeting companies that contribute to environmental sustainability.
How does 2150 plan to allocate the new fund?
The company intends to build a portfolio of over 20 startups throughout North America and Europe. The primary focus remains on Series A investments, with check sizes ranging from €3 million to €15 million. The firm emphasizes maintaining a healthy reserve ratio to enable continued support for startups as they scale. 2150 maintains that its investment model is driven by identifying impactful technologies with the potential for large-scale implementation.
“Our thesis remains the same: research-led identification of solutions to the greatest challenges of the urban environment to help make cities and their citizens more efficient, resilient, and sustainable.”
A key aspect of 2150’s approach is its commitment to research-driven investments. The firm prioritizes startups working on solutions with measurable environmental impact. By focusing on urban sustainability, 2150 continues seeking opportunities to reduce emissions and improve efficiency in city infrastructure. The latest fund follows a similar trajectory but with adjusted financial parameters compared to Fund I.
While the new fund is approximately 75% of the size of Fund I, 2150’s strategy remains unchanged. The firm continues backing emerging technologies that address urban sustainability challenges. Investors supporting the initiative recognize the need for scalable solutions in climate technology. By concentrating on Series A funding, 2150 aims to support companies in their early growth stages while ensuring long-term viability.
