TLDR:
- Berlin-based World Fund closes its inaugural fund, World Fund I, at €300M.
- The fund aims to make substantial investments in European startups focused on decarbonisation technologies.
Berlin-based World Fund, a Europe-focused climate venture capital fund, has closed its inaugural fund, World Fund I, at €300M, making it the largest first-time fund in European climate VC history. The fund was backed by LPs such as the European Investment Fund, KfW Capital, VP Capital, alongside pension funds like the UK Environment Agency Pension Fund, Wiltshire Pension Fund, and Croatia’s Erste Plavi. World Fund will utilize the capital to invest in 25-30 European startups working on technologies for decarbonising industries. The fund focuses on sectors like energy, buildings, manufacturing, transport, food, agriculture, and land use. World Fund has already supported companies like IQM Quantum Computers, Space Forge, Planet A Foods, Juicy Marbles, and ENOUGH Foods. The team aims to help startups overcome the ‘Series B Valley of Death’ in European climate tech companies and create a regenerative world.
World Fund was founded in 2021 by Daria Saharova, Danijel Višević, Tim Schumacher, and Craig Douglas. The organization has offices in Berlin, Munich, Cologne, and Amsterdam, with an investment team comprising scientific and entrepreneurial expertise. World Fund believes in backing European founders building world-changing companies to address the pressing global challenge of climate change. The fund has received positive feedback from startups like Cylib, highlighting the team’s strong support and expertise in the climate tech sector.
