Wind funding news – Venture Capital Firm Wind Secures €90 Million of it’s First Closes of Fund
Jun 19, 2024 | By Team SR
Wind, an emerging European VC built and backed by successful entrepreneurs, announced the launch of a new Article 9 fund. The €90 million of its initial fund closing was secured by the €130 million fund, exceeding all expectations.
SUMMARY
- Wind, an emerging European VC built and backed by successful entrepreneurs, announced the launch of a new Article 9 fund.
- Wind are a VC built and backed by entrepreneurs. They invest in sustainable change.
Pioneering sustainable Deeptech firms at the Seed/Series A stage will be funded by the fund. 30 firms will get investments from the fund, with ticket values ranging from €500 to €5 million.
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Wind's new fund will be used to support the creation of extremely creative solutions in the infrastructure and essential services sectors of Europe. The investment focus includes strengthening critical areas including food and air quality, mobility and energy, construction, and security that are vital to human well-being and environmental health.
Thierry Vandewalle, Co-Founding Partner of Wind said, “We are at the start of a new innovation cycle driven by decarbonation, AI, and robotics, Our mission is to support startups using these technologies to create practical solutions for our essential service industries, ensuring they thrive in a climate-challenged world. It’s all about finding alternative ways to meet humanity’s needs without compromising the planet.”
In 2015, Thierry Vandewalle and Xavier Gury, two experienced entrepreneurs and engineers, launched Wind, which was rebranded from Wind Capital. The pair had previously started and shut down a number of businesses, including the data agency WCube, which was acquired by Publicis in 2007. Using the proceeds from their revenues, they established Wind Capital I, an evergreen fund worth €23 million that is distinguished by the active involvement and support it offers its portfolio founders.
Having personally invested in more than 80 startups in a variety of industries, including fintech, SaaS, mobility, and lifestyle, and having completed 29 successful exits, Wind's Founding Partners are now concentrating on climate resilience. They have opened the new article 9 fund to other prosperous business owners who would like to invest their profits and advise startups.
Xavier Gury, Co-Founding Partner of Wind said, “Innovation and technology are in our DNA. Over the years, we have strengthened our impact investment thesis with transformative startups like Getaround (car sharing) Yuka (consumer guidance), Spark (decarbonised hydrogen) and Néolithe (waste transformation). This new climate resilience fund continues our commitment to fostering positive change, The very enthusiastic response from our network of entrepreneur LPs confirms the business sense of the approach.”
Thierry Wandevalle said, “The final closing is expected to take place in 2025, so there is still room for new strategic investors who wish to bring their value-add to what promises to be an exceptional journey,”.
About Wind
Paris-based Wind are a VC built and backed by entrepreneurs. They invest in sustainable change. Their mission id to find, fund, and power European innovators who are shaping the future with solutions that meet humanity’s needs without compromising the planet. Driven by our experience, knowledge, and networks, they strategize, iterate, build, and win. Their results speak volumes.