360 Capital: European investment firm 360 Capital raises 140 million euros for climate tech fund

December 30, 2024

, By Team SNFYI

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European venture capital firm 360 Capital said on Monday it had raised 140 million euros for a fund focused on technologies aimed at protecting the environment.

ET Year-end Special Reads

The company’s 360 Life II fund will focus on investments in areas such as renewable energy, hydrogen and reducing pollution and waste.

Why it’s important

The fund-raising comes as countries around the world face up to the impact of climate change and global warming.

Data from European Union scientists this month showed that 2024 will be the hottest year since records began, while an agreement at November’s COP29 summit to set aside $300 billion annually by 2035 to finance tackling climate change has been criticised by some for being insufficient.

By the numbers

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Italian investment company A2A has committed 40 million euros to 360 Capital’s climate tech fund, while Italian electrochemistry company De Nora has committed 10 million euros. France’s state-owned investment firm Bpifrance has also invested in the fund.

Key quote

“This initiative represents a crucial step for us, as we firmly believe that it is essential to increasingly open up to innovation in order to tackle the climate challenges that our planet is facing,” said De Nora CEO Paolo Dellacha.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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360 Capital: European investment firm 360 Capital raises 140 million euros for climate tech fund

December 30, 2024

, Published By Team SNFYI

European venture capital firm 360 Capital said on Monday it had raised 140 million euros for a fund focused on technologies aimed at protecting the environment.

ET Year-end Special Reads

The company’s 360 Life II fund will focus on investments in areas such as renewable energy, hydrogen and reducing pollution and waste.

Why it’s important

The fund-raising comes as countries around the world face up to the impact of climate change and global warming.

Data from European Union scientists this month showed that 2024 will be the hottest year since records began, while an agreement at November’s COP29 summit to set aside $300 billion annually by 2035 to finance tackling climate change has been criticised by some for being insufficient.

By the numbers

Discover the stories of your interest

Italian investment company A2A has committed 40 million euros to 360 Capital’s climate tech fund, while Italian electrochemistry company De Nora has committed 10 million euros. France’s state-owned investment firm Bpifrance has also invested in the fund.

Key quote

“This initiative represents a crucial step for us, as we firmly believe that it is essential to increasingly open up to innovation in order to tackle the climate challenges that our planet is facing,” said De Nora CEO Paolo Dellacha.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

5 tech failures in 2024 – From underwhelming to disappointing

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Hi! This is Admin.

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