As reported by Sifted, in the first half of 2024, climate tech in Europe attracted more investment than any other tech sector, securing €7.7 billion in equity and an impressive €13.2 billion in debt. Following have remained Europe’s most active climate tech investors, according to Sifted:
1. SFC Capital
H1 deal count: 21
Headquarter: London
Fund focus: SFC Capital only backs startups eligible for SEIS and EIS funding — a UK government scheme which aims to incentivize support to early-stage UK companies by offering them income tax relief. SFC is a generalist investor and typically writes tickets between £100k-£500k.
Notable deals:
- Adamo Foods, which develops plant-based meat whole cuts.
- Adia Thermal, which sells a heat pump control system.
2. BpiFrance
H1 deal count: 14
Headquarter: Paris
Fund focus: France’s state-owned investment bank and sovereign wealth fund that invests across a wide range of tech sectors and stages.
Notable deals:
- Electra, a Paris-based EV charging startup.
- Langa International, a renewable energy project developer.
3. European Institute of Innovation and Technology (EIT)
H1 deal count: 14
Headquarter: Budapest
Fund focus: European Union body backing startups across the bloc.
Notable deals:
- Onego Bio, a Finnish plant-based egg startup.
- Ecoligo, a carbon accounting startup from Germany.
4. High-Tech Gründerfonds
H1 deal count: 10
Headquarter: Berlin
Fund focus: Early-stage fund investing in deeptech, software, medtech and climate tech.
Notable deals:
- Inaratec, a German startup developing sustainable aviation fuel.
- Proxima Fusion, a Munich-based company that’s developing fusion power plants.
5. Norrsken VC
H1 deal count: 9
Headquarter: Stockholm
Fund focus: An early-stage impact investor, backing companies globally.
Notable deals:
- Heart Aerospace, a Swedish startup building electric aircraft.
- Syre, a textile recycling company, based in Sweden.
6. Antler
H1 deal count: 8
Headquarter: Singapore (global)
Fund focus: Antler invests in a wide range of companies, from B2B and healthtech to property tech and consumer.
Notable deals:
- Terion, energy control developer for commercial real estate.
- Aevy, a software tool for renewable energy developers.
7. Rockstart
H1 deal count: 7
Headquarter: Amsterdam, Copenhagen and Bogata
Fund focus: Rockstart is an early-stage VC that invests across energy, agrifood and emerging technologies.
Notable deals:
- Eddy Grid, a startup that helps companies looking for grid connection.
- PlanBoo, a carbon removal startup using biochar.
8. Banque des Territoires
H1 deal count: 7
Headquarter: Paris
Fund focus: A public financial institution that started a five-year plan in 2020 to back French companies working on the climate transition.
Notable deals:
- NEoT Green Mobility, a platform for financing zero-emission mobility solutions.
- See You Sun, a solar energy and EV charging infrastructure developer.
9. Invest-NL
H1 deal count: 6
Headquarter: Amsterdam
Fund focus: Dutch government fund that invests in startups across agritech, biotech, life sciences and deeptech.
Notable deals:
- BioBTX, a renewable aromatics plant developer.
- Mosa Meat, a Dutch startup working on production methods for cultivated meat.
10. Speedinvest
H1 deal count: 6
Headquarter: Vienna
Fund focus: Speedinvest is an early-stage venture capital firm, investing across Europe.
Notable deals:
- Cylib, a battery recycling startup.
- Trawa, a green energy supplier for companies .
Also with six deals each:
- European Investment Bank;
- European Innovation Council;
- AFI Ventures.
SOURCE: Sifted
Featured Image: Credit: Impact Investor
