Axeleo Capital announces the first closing of its €125m Green Tech fund to support green industry in Europe - Axeleo Capital
Summary
Axeleo Capital announces the first closing of its 125m Green Tech fund to support green industry in EuropeWe are thrilled to announce a bold new chapter in our journey at Axeleo Capital! As we continue to expand our VC platform to fuel Europes most promising innovations, we are proud to unveil the Axeleo Green Tech Industry I (GTI I) fund, with an impressive 125 million raised in its first close. This isnt just another venture capital fund, its a mission to foster the green industrial ecosystem of tomorrow.In collaboration with our partners Bpifrance, Veolia Group & Credit Mutuel, we are determined to play a pivotal role in shaping the future of sustainable industry.With a final target of 250m, GTI I is aiming to make 15 to 20 investments across Europe with lead tickets ranging from 3m to 10m in sectors such as energy (new renewable energies, storage, etc. and mobility (electric motors, decarbonization of air and sea transport, etc. ).Were pleased to announce our first investment in Sweetch Energy, a pioneer in osmotic energya renewable and controllable energy source.And with every event the family is growing - we are pleased to welcome Sandra Dubos, recently appointed as Investment Director.We cant wait to share the stories of the trailblazing entrepreneurs and technologies that GTI I will support in the months and years to come.The future is green, and we are ready to build it!Stay tuned for exciting updates and first investment announcements.The journey has only just begun!