TLDR:
- Clean Energy Ventures (CEV) closes an oversubscribed second flagship fund with total capital commitments of €281 million.
- The fund allows CEV to invest in European startups and they have opened an office in London to support their operations in Europe.
Clean Energy Ventures (CEV), a leading global venture capital firm funding early-stage climate innovations, has closed an oversubscribed second flagship fund with total capital commitments of €281 million. The fund allows CEV to bring its investing strategy and expertise to climate technology entrepreneurs in Europe and Israel. CEV’s team of veteran climate investors have guided companies spanning across various sectors such as mobility, renewable energy, carbon capture utilization and storage, energy storage, and critical minerals. The firm’s unique investment thesis focuses on quantitative climate impact alongside financial performance, requiring each investment to be capable of mitigating at least 2.5 gigatons of CO2e emissions cumulatively between the initial investment and 2050.
CEV takes a hands-on approach in commercializing its portfolio companies by leveraging a deeply technical and commercial team with support from venture partners and angel investors. They are also backed by LPs including Carbon Equity, The Grantham Foundation for the Protection of the Environment, Builders Vision, and New Summit Investments. CEV has deployed capital from Fund II into companies like Noon Energy, Evari, Nitrofix, and OXCCU, with more investments on the horizon. The firm has also established offices in London to support the growth of its team and operations in Europe.
With the surge in climate tech funding across Europe, CEV aims to bridge the funding gap for promising early-stage companies in the region and accelerate their path to market. The firm’s hands-on guidance goes beyond standard venture capital through leadership coaching, strategic marketing, IP development, engineering support, and active board participation. CEV looks forward to supporting more early-stage companies with game-changing approaches to decarbonization as they scale with their second fund and expand their presence in Europe.
