Climate Change, Sustainability, Resource Efficiency and Circular Economy are very trendy buzzwords these days. These challenges need a strong network of innovators and startups that act fast to make positive changes happen for the world, for Europe and for France and Germany.
And obviously, the more money will get into the game, the quicker it will be to find and implement innovative solutions.
And there is a good news this week: two sustainability focused venture capital firms, the German Munich Venture Partners and the French Demeter just announced the setup of a European joint-venture fund with a strong French-German base. The fund, called GREEN EUROPEAN TECH (GET), will be dedicated to European scale-ups, developing transformative technologies for a sustainable future.
It will start with € 250 million, with a potential to be expanded to € 400 million by applying to the Late Stage venture initiative promoted by the French Government.
Yann Lagalaye, Partner at Demeter explained that the mission is to tackle the climate change challenge through technological transformation of value chains in the sectors energy, building, industry, resource management and mobility. They will focus on helping European startups to expand fast in France, DACH and Europe overall.
As highlighted by Gonzague Dejouany, Partner at GET, it is a new era of sustainable investments for Europe: “This cooperation among French and German venture capitalists is very unique. For investors, the GET fund offers a genuine opportunity to participate in both significant return potential and contribution to… More details here.