Zurich’s Una Terra Closes €50M Circular Economy Growth Fund To Reduce Plastic Waste And CO2 Emissions
Sep 12, 2025 | By Kailee Rainse

Zurich-based Una Terra, a venture capital and growth equity platform, has closed €50M for its Circular Economy Growth Fund.
SUMMARY
- Zurich-based Una Terra, a venture capital and growth equity platform, has closed €50M for its Circular Economy Growth Fund.
Investors include Italy’s CDP Venture Capital SGR via its Green Transition Fund PNRR, the Prince Albert II of Monaco Foundation, Deutsche Nachhaltigkeit, and several forward-looking family offices.
The fund targets cutting 1 million tonnes of plastic waste equal to 100 billion bottles and aims to reduce 2 gigatonnes of CO2 emissions, comparable to the annual output of about 430 million cars.
“We see sustainability not as a cost, but as an opportunity for additional value creation. We deliver superior investment returns whilst catalysing industries to transform into new powerful ecosystems, where sustainability can be monetised and creates significant economic and financial value,” states Luca Zerbini, CEO and Managing Partner of Una Terra.
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Una Terra backs growth-stage companies (Series A+) in Europe, the Middle East and North America that have the power to reshape industries through the circular economy. The Swiss firm invests in tech-driven, revenue-generating businesses with solid fundamentals and future-ready models, supporting a global shift toward more sustainable markets.
Olivier Wenden, Vice Chairman and CEO of the Prince Albert II of Monaco Foundation, which is among the closest investors and partners of the fund, says, “Our future depends on our capacity to scale up solutions for more resilient societies in the face of climate change and biodiversity loss. We thus need more bold actions like Una Terra to reconcile economy, finance, and sustainability.”
Una Terra invests in circular economy innovations across Europe and North America. The fund is SFDR Article 9 certified, a B Corp, and a UN PRI signatory. With deep sector expertise and a hands-on approach, Una Terra leverages a strong network of corporates, impact investors, accelerators, and thought leaders to support and scale its portfolio.
The VC partners with Climate-KIC for local support and collaborates with funds like CDP VC Green Transition Fund and FPA2’s ReOcean Fund to identify investment opportunities.
Indeed, Dr. Kirsten Dunlop, CEO of Climate-KIC, says “Una Terra’s success underscores critical progress in shifting early growth investing into systemic thinking and practice. This investment is not just about financial returns; it’s about building the resilient, innovative Europe we desperately need.”
Una Terra works with Dynamis Group for talent acquisition and development, while its Impact Committee, including experts from Cambridge CISL and the Ellen MacArthur Foundation, provides strategic guidance.
The VC also partners with Nativa for business redesign and universities like CIID for educational programs, helping portfolio companies maximize impact. Committed to gender lens investing, Una Terra supports female founders and leaders, highlighting their role in sustainable innovation.
About Una Terra
Una Terra Early Growth Fund supports scaling circular economy solutions, driving both impact and returns. Leveraging deep industry expertise and a robust network the fund helps innovative companies grow sustainably, transform industries and create long-term value while promoting environmental responsibility and measurable positive change.
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