TLDR:
- World Fund has set aside €200m of its new €300m fund for follow-on investments in its best-performing companies to help them through the ‘Series B Death Valley’ for climate start-ups in Europe.
World Fund recently announced a plan to support climate start-ups in Europe by allocating €200m from its new €300m fund for follow-on investments. The aim is to help these companies navigate the challenging ‘Series B Death Valley’ phase, where many start-ups face funding gaps and struggle to secure additional investments.
This initiative by World Fund is crucial in supporting climate-focused start-ups, as they play a vital role in addressing environmental challenges. By providing follow-on funding to successful companies, World Fund is not only helping them scale and grow but also fostering innovation in the climate tech sector.
The decision to allocate a significant portion of their fund for follow-on investments showcases World Fund’s commitment to supporting sustainable solutions and driving positive change in the climate tech industry. This strategic approach ensures that promising start-ups have the financial backing they need to thrive and make a meaningful impact on the environment.
