[Funding alert] Invest-NL backs Climate-First Fund Extantia Capital
Sep 26, 2023 | By Team SR
Dutch impact investor Invest-NL invested €10 million in Extantia. They join their group of LPs alongside existing investors Anglo American, Toyota Ventures, and top-tier family offices such as the Piëch and Oldendorff families.
Their unique strategy and already existing strong relationships in the Netherlands create a significant alignment of interest and enable Invest NL to pursue this investment.
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Their commitment to Extantia aligns with their strategic objective to organise financing for capital-intensive and impactful ventures. Extantia’s scientifically grounded approach to assessing impact ventures, coupled with robust operational support, will strengthen the Dutch investment landscape.
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They are enthusiastic about Extantia’s potential to broaden the range of funding opportunities for hardware-based ventures in the Netherlands.
To ensure its investments have a significant and timely impact, they conduct a rigorous Carbon Math assessment prior to any engagement and incorporate impact goals into the fund manager’s compensation.
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Extantia also uses a comprehensive methodology to verify that new technologies “do no harm” and avoid negative impacts on the environment and society. Areas of primary interest are energy, industrial processes, buildings, transportation, and carbon removal technologies. Notable portfolio companies include MAGNOTHERM, H2Pro, INERATEC, GA Drilling, BeZero, and Reverion.
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About Extantia
Extantia’s platform, launched in 2022, includes Extantia Flagship, a venture fund dedicated to backing scalable deep decarbonisation technology companies, Extantia Allstars, a fund-of-funds investing in climate tech venture capital funds around the world, and Extantia Ignite, a sustainability hub that advances knowledge and skills in climate innovation and ESG practices.
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About Invest-NL
They are an open organization. An organization that thinks broadly and looks further. They look to 2050 and see an economy that is radically different from the economy of today. With more attention to people, the environment, society and our shared future. This requires major social transitions, belief in opportunities and long-term thinking.
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