2150, a venture capital firm focused on climate tech, has announced the final close of its second fund, raising €210 million and bringing total assets under management to €500 million.

Investment Focus

The fund will continue to support technology companies developing solutions to transform cities and industries, with a particular focus on energy, industrial decarbonisation, advanced manufacturing, mobility, and urban systems. 2150 aims to support founders developing scalable and economically competitive solutions.

Investor Confidence

Despite a difficult fundraising environment for climate tech funds, 2150 has garnered broad international support from financial institutions and family offices, including Viessmann Generations Group, Chr. Augustinus Fabrikker, and Novo Holdings. The firm has demonstrated its ability to identify, acquire, and grow promising companies, with a transatlantic portfolio generating approximately one billion dollars in annual revenue and employing approximately 4,500 people.

Investment Criteria

2150 focuses on technologies that offer fundamental economic advantages, avoiding reliance on a "green premium." The company seeks solutions that are cheaper, faster, or better than existing alternatives. One area of particular interest is software for commercial and industrial energy management, with artificial intelligence applications to optimise complex industrial processes.

Impact and Sustainability

2150's second fund is structured as an Article 9 fund under the EU's Sustainable Finance Disclosure Regulation (SFDR), meaning every investment must qualify as environmentally sustainable. Sustainability priorities include cooling and water resource management.