Australia-based climate venture platform Climate Tech Partners (CTP) announced that it has reached the first close of a new fund, anchored by separate $15 million commitments from Australian Ethical Investments (AEI) and the Clean Energy Finance Corporation (CEFC).

In addition to an aviation-focused fund that recently announced A$15 million in commitments from Airbus and Qantas, CTP said that it has now secured more than $50 million in commitments.

CTP focuses on deploying capital into early-stage technologies that address industrial decarbonization across energy, transport, mining, and industry, targeting companies at Series A rounds. Priority investment areas identified by the firm include gridtech, low carbon fuels, and climate adaptation technologies.

According to CTP, the announcement comes despite a challenging environment for tech and venture capital fundraising. While noting a volatile environment for climate tech in the U.S., however, the firm highlighted broader momentum for decarbonization, with China continuing to accelerate investments in renewables, electrification, and advanced energy technologies, and the EU continuing to support emissions reductions and green innovation, adding that the recent Australian election provided additional policy certainty for the cleantech sector.

Patrick Sieb, Co-Founder of Climate Tech Partners said:

“We’re seeing a wave of breakthrough climate tech – electrification, sustainable fuels, next-gen grids -gaining real traction.

“With tech readiness, corporate demand, and policy aligning, it’s a powerful moment to invest. Even in the US, bipartisan backing for energy security and sustainable fuels shows just how durable this opportunity is.”