In March 2020, just before the world started to close down amid the pandemic, that network got together and decided enough was enough: a new VC. You might have previously thought that Ecosia was a nice-to-have search engine that planted trees when you punched-in a search term. Since launching the fund, more than 600 firms have reached out to the World Fund looking for additional funding, Višević notes, and the company already has plans for a second fund. In a further step, Ecosia will shortly be launching a 250,000 fund to support Berlin-based businesses that raise awareness on environmental or climate issues or promote sustainable lifestyles. World Fund claims it's Europe's largest dedicated climate tech VC. The fund is located in Berlin, Germany and invests in Europe. World Fund is a European Climate Tech VC investing in startups that have the potential to save at least 100Mt CO2e per year. World Fund is a 2021 vintage venture capital fund managed by World Fund (Germany) and Ecosia. In the fund’s home country alone, the German energy agency, or Deutsche Energie Agentur, has said that there is an estimated average €22.7 billion in financing opportunity available annually until 2030 for venture capital investments. With more than 60 investors, including current and former European tech founders, the World Fund was initiated by global search engine Ecosia and focuses on. Ecosia Technology, Information and Internet Planet A Ventures. and China combined, but there is far less VC funding Višević says. With World Fund, we only invest in startups with a climate performance potential.
However, founding partner Višević notes the company has downplayed this figure as climate tech companies have generally outperformed major indices like Nasdaq.Įurope is the fastest growing region for climate tech investment with more companies originating in Europe when compared to the U.S.
The fund is investing up to €8 million in each climate tech company, and it is targeting two to three times returns on each investment.
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