360 Capital funding news – Paris-based 360 Capital Announced First Closing of its €140 Million Climate Tech Fund

A2A is the main investor, contributing €40 million. This builds on A2A’s previous investment of €25 million in the first fund, 360 LIFE I, launched in 2020. A2A’s investment strategy focuses on supporting new technologies in the circular economy and energy transition.

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CDP Venture Capital, through the Green Transition Fund and the EU's NextGeneration EU initiative, has committed €44 million to help establish the new fund.

At the closing, De Nora joined as an anchor investor and industrial partner, committing €10 million, while Bpifrance became an institutional partner.

360 LIFE II plans to invest in Series A and B startups across Europe, focusing on three main areas: energy transition (such as renewable energy, energy storage, and hydrogen), circular economy (including waste reduction, protecting natural resources, and the blue economy), and urban sustainability (like pollution reduction, net-zero solutions, and smart infrastructure).

Cesare Maifredi, Partner at 360 Capital, commented: “Multidisciplinary deeptech startups offer the best chance to deliver truly transformative solutions to climate change. At 360, we’ve spent over a decade making bold investments in frontier technologies, never shying away from hardware or complex engineerin g challenges. We’re proud to back visionary founders leading the ecological transition through breakthrough innovations. Investing in these sectors requires solid expertise, which is why we collaborate with industrial partners like A2A and now De Nora. This new fund represents another opportunity to pair our pursuit of strong financial returns with a tangible commitment to building a sustainable and resilient future.”

Established in 1997, 360 Capital has built a reputation as a pioneering venture capital firm within Deep Tech and Climate Tech domains. With a portfolio that includes high – growth companies like Exotec (France’s first industrial unicorn), Preligens (acquired by Safran), and Alsid (acquired by Tenable), the firm has completed 28 exits since 2018. With offices in Paris and Milan, 360 Capital has a portfolio of over 60 companies and a team of over 25 professionals.

With its investment in 360 LIFE II, A2A strengthens its partnership with 360 Capital and solidifies its role in the Italian and European innovation scene. This investment aligns with A2A commitment to supporting new startups in the climate tech sector as part of the 2035 Industrial Plan focused on ecological transition and sustainable competitiveness.

By investing in 360 LIFE II, De Nora aims to find and support breakthrough technologies in the climate tech sector, creating synergies in industry and R&D, and boosting its contribution to the growth of its sectors.

About 360 Capital

360 Capital is a venture capital firm that invests in early-stage, innovative deeptech and digital companies across Europe. With 20 years of experience, it has helped many talented entrepreneurs grow disruptive companies in various sectors.