Climate-Focused VC ETF Partners Raises $310 Million for Sustainability Solutions Venture Fund
European sustainable venture capital firm ETF Partners announced today that it has raised €285 million (USD$310 million) at the completion of fundraising for its fourth fund.
Founded in 2006, London, England-based ETF Partners invests in technology companies, supporting entrepreneurs and innovations addressing the global challenges presented by the climate crisis and enabling significant environmental impact.
The fund was oversubscribed, surpassing its target size of €250 million. Investors included the European Investment Fund and British Patient Capital.
Fund 4’s investments to date include AIPERIA, a software company specializing in demand planning for fresh food, Dexter, an energy AI platform to reduce imbalance in the grid, and Fairly Made, a Software as a Service (SaaS) for supply chain visibility and impact measurement for the fashion industry.
Patrick Sheehan, Co-Founder and Managing Partner at ETF Partners, said:
“Climate change is threatening life as we know it, as massive problems arise around the world. There is a clear need to back entrepreneurial businesses developing innovative solutions that can address these challenges. Fortunately, we see many fantastic teams, right across the European continent, delivering exciting innovations that can make a difference today. We want to support these teams to rapidly scale their companies, so they can be both commercially successful and become leaders in changing our world for the better.”