EIF backs Danish fund Climentum with €40 million pledge to support early-stage climate-tech companies in Europe
Denmark, July 6 -- The European Investment Fund (EIF), Denmark's export and investment fund EIFO and the Danish Society of Engineers (IDA) are backing Climentum Capital Fund II, a Danish venture capital fund investing in early-stage climate technologies across Europe.Developing new climate technologies requires patient, long-term investors willing to support companies long before they become commercially established. With commitments from EIF, EIFO and IDA, Climentum Capital Fund II has reached a first close of €60 million towards its €100 million target.The fund will invest primarily in Seed and Series A companies developing hardware and deeptech solutions for energy, industry, transport and agriculture. Its focus is on busines...
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