TLDR:
Key Points:
- SC Net Zero Ventures raises €125m to support energy transition
- The fund aims to invest in technologies supporting low-carbon mobility, industrial decarbonisation, and renewable energy
SC Net Zero Ventures, a venture capital fund managed by Suma Capital and backed by Repsol, has raised €125m in its first closing. The fund, with a final goal of €150m, aims to support the energy transition. Repsol, as the anchor investor, contributed €50m to the fund and received support from various investors including the Spanish sovereign wealth fund and family offices.
The fund’s objectives are to identify and scale technologies that can significantly impact the industry’s transformation towards sustainability. It focuses on decarbonisation and the circular economy, promoting the growth of companies in these areas. SC Net Zero Ventures plans to invest in disruptive technologies in Europe and North America to expedite energy transition.
With a strategic alliance with Repsol, SC Net Zero Ventures is well-positioned to channel capital into the ClimateTech sector. The managing partner of the fund, Natalia Ruiz, highlighted the importance of sustainable initiatives and technological solutions for decarbonisation. Repsol’s corporate venturing director, Gema García, emphasized the key role of new technologies in combating climate change and accelerating decarbonisation in industry and mobility.
In conclusion, SC Net Zero Ventures’ focus on investing in technologies supporting low-carbon mobility, industrial decarbonisation, and renewable energy sources is crucial for driving the energy transition and achieving climate neutrality by 2050.
