Fund II Close and Investor Backing
Venture firm 2150 today announced the final close of its €210 million second fund, bringing total assets under management to €500 million. The fund remains focused on backing technology companies seeking to reshape our cities and the industries that power them.
The second fund from 2150 garnered a broad international participation from financial institutions and family offices. Investors include Viessmann Generations Group, Chr. Augustinus Fabrikker, Novo Holdings, the Danish sovereign fund EIFO, Security Trading Oy, Islandbridge Capital, Fund of Funds Carbon Equity, and the US-based Church Pension Group.
Urban Sustainability Thesis and Track Record
Since raising its first fund in 2021, 2150 has executed on its thesis that cities generate 80% of the world’s prosperity and that new technologies are converging to ensure urbanization finally becomes sustainable for both people and the planet. To date, 2150’s twenty seven portfolio companies have combined annual revenues in excess of $1 billion, employ over 4,500 globally, and report climate impacts measured at megatonne scale.
Underpinned by an analytical approach that identifies the most pressing sustainability challenges facing the urban and industrial environments, 2150’s portfolio includes energy, cooling, lower-carbon cement, biodiversity monitoring, industrial heat, critical minerals, urban mobility and circular economy.
Portfolio Growth and Fund II Momentum
2150 continues to back founders who are building and scaling transformational companies globally with the potential to simultaneously create outlier financial outcomes and positive planetary impact.
Christian Jolck, 2150 Co-founder and Partner:
“Four years after unveiling 2150 we have raised €500m, invested into 27 companies and mitigated over a megatonne of CO2e per year. Our exceptional founders are building companies of scale with an aggregate revenue of over $1 billion and over 4,500 employees. For Fund II, we have continued to partner with leading institutional investors across Europe, North America, and Asia, and who have invested in this category for multiple cycles. This combination gives us strong conviction in 2150’s ability to deliver attractive long-term returns and a long-standing investment platform.”
Fund I portfolio companies include pan-European home energy platform 1Komma5º, e-mobility leasing and battery-swapping network Vammo and ultra-efficient cooling tech company Blue Frontier. Meanwhile, momentum is already underway from Fund II, with completed investments in electrified industrial heat pump manufacturer AtmosZero, refurbished electronics marketplace GetMobil, metals recycling and trading platform Metycle, versatile direct air capture platform Mission Zero Technologies and three further unannounced investments.