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FUNDRAISING NEWS | November 06, 2024

French VC Axeleo Capital Announces €125M First Close on Maiden Green Tech Fund

Tags: Private Equity, Venture Capital

Paris-based Axeleo Capital said it has made a €125M first close on its newly launched Green Tech Industry Fund I, which intends to finance industrial startups “dedicated to the ecological transition.”

The fund has a target of €250M and plans to invest in 15 to 20 European companies across energy, chemicals, agriculture, and mobility industries, with lead investments of €3M to €10M. The firm said the fund has made its first first investment in Sweetch Energy, a company working on osmotic energy, a renewable and controllable energy source.

Source: https://www.axc.vc/blog-posts/axeleo-capital-launches-a-green-tech-industry-i-fund

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