Tallinn-based venture capital firm 2C Ventures has launched a €50m ($56m) fund to support early-stage cleantech companies in Estonia and the wider Nordic region. The fund, which will be anchored by government-owned venture fund SmartCap, plans to invest in research-intensive startups working on renewable energy and waste reduction projects. The fund will provide initial funding of between €250,000 and €1m to selected companies, with the possibility of substantial follow-on investments in subsequent rounds of funding. The aim is to accelerate the development of cleantech solutions in the Baltic and Nordic regions and help Estonia become a leader in addressing climate change.
Revving Up Clean Energy: 2C Ventures Fuels Nordic Cleantech Leap
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