Munich-based Vanagon Ventures launches €30 million fund to heavily invest in the B2B green transformation space
Summary
“We support young startups, who can solve the challenges of a green transformation with innovative technologies and even make them profitable, with capital, know-how and a network,” emphasized Susanne Fromm, technology investor and General Partner of Vanagon Ventures, who founded Vanagon Ventures together with serial entrepreneur Axel Roitzsch and former Microsoft strategist Sandro Stark The fund managers describe themselves as entrepreneurial investors who have established their own startups and have been active in B2B digitalization consulting. The investment focus of the venture capital fund is on young founders who, for example, use tokenization through distributed ledger technology (DLT) and artificial intelligence to create innovative solutions for a sustainable and competitive future. To date, Vanagon Ventures has invested in ten startups, all of which “have the potential to turn the market upside down in the long term”, added Fromm. Portfolio company The Landbanking Group, for example, which was founded by a former McKinsey partner, uses technology to turn nature conservation into a lucrative investment. Financing talks are currently being held with start-ups in the fields of ESG reporting automation, software for the circular economy and biodiversity measurement.
Funding
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