Suma Capital Closes €210M ClimateTech Fund To Back European Industrial Decarbonisation

The total surpasses the fund’s initial €150 million target by 40%, aiming to close the so-called ‘scale-up gap’ for climate technologies, especially in high-emission sectors.

Key investors include Repsol, the European Investment Fund (EIF), and several Spanish public institutions such as ICO, CDTI, ICF, IVF, and Seed Bizkaia.

“With this final close, we reinforce our role as a reference partner for companies leading industrial decarbonisation in Europe. Through SC Venture, we support climate scale-ups with validated technology and commercial traction, driving their expansion and their long-term environmental and competitive impact,” said Natalia Ruiz, Partner at Suma Capital.

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Founded in 2007, Suma Capital has established a strong track record in sustainability and infrastructure investments. With teams in Barcelona, Madrid, Paris, and Milan, the firm is emerging as a pan-European leader in sustainable finance.

Through SC Net Zero Ventures I, Suma Capital is reinforcing its capital-with-purpose approach, targeting both financial returns and measurable climate impact.

The fund’s strategy aligns with the EU’s 2050 climate neutrality goals, supporting governments and corporations across Europe in their push to decarbonise the industrial sector.

“At Repsol we believe alliances are essential to accelerate the energy transition. Our participation as anchor investor in SC Net Zero Ventures I reinforces the ambition to promote technologies with real industrial application, capable of generating measurable environmental impact and delivering long-term competitiveness. Collaboration with Suma Capital is an example of how capital and industry can move forward together towards the 2035 goals,” added Gema García, Director of Repsol Corporate Venturing.

Managed under Suma Capital’s SC Venture strategy, SC Net Zero Ventures I targets startups with proven technology and market traction in key industrial and B2B sectors. Focus areas include low-carbon mobility, industrial electrification, renewable energy storage, carbon utilisation, and hydrogen innovation.

With funding secured, the fund aims to accelerate Europe’s shift toward a greener, more competitive economy one scale-up at a time.

About Suma Capital

Suma Capital is committed to building the future it envisions. As an independent investment manager it focuses on sustainable, responsible investing, backing companies that promote economic growth, social progress, and environmental impact, while collaborating with entrepreneurs to foster a more inclusive, resilient and sustainable future.