Axeleo Capital, a leading venture capital firm, has announced the first closing of its groundbreaking €125 million fund aimed at supporting green industry startups across Europe. The Axeleo Green Tech Industry I (GTI I) fund is designed to foster innovation and drive the ecological transition, with a focus on financing the first production facilities of European industrial startups dedicated to sustainable solutions.

This new fund is a significant step forward for Axeleo Capital, which continues to expand its venture capital platform to fuel Europe’s most promising innovations. Through the GTI I fund, Axeleo Capital intends to play a crucial role in advancing the green industrial ecosystem of tomorrow, offering financial support to startups working on technologies and solutions that align with Europe’s sustainability goals.

Fund Goals and Focus Areas

The GTI I fund’s final target is set at €250 million, with the first closing securing €125 million in funding. This substantial capital will be deployed over the next few years to support 15 to 20 investments in key sectors that are critical to the ecological transition. Axeleo Capital is targeting investments in energy, chemicals and materials, agriculture and food, and mobility. Specifically, the fund is looking to back innovations in renewable energy, energy storage, biomaterials, plastic recycling, bio-based fertilizers, decarbonization technologies, and electric motors, among others.

The primary aim of the fund is to help scale up groundbreaking solutions that will not only create jobs and foster economic growth but also contribute to making industries more sustainable. By supporting startups with a focus on reducing environmental impact, GTI I is positioning itself as a pivotal player in the global movement toward sustainability.

Strategic Partnerships with Leading Institutions

Axeleo Capital has partnered with several prominent institutions to ensure the success of the GTI I fund. Among these partners are Bpifrance, Veolia Group, and Credit Mutuel, all of which share a commitment to promoting sustainable development and the green economy. These collaborations will help the fund tap into valuable resources, industry expertise, and networks that can accelerate the growth of green technology startups.

The GTI I fund’s broad European scope aims to build a comprehensive portfolio of high-impact, green-tech companies that can lead the way in shaping Europe’s green industrial future. By leveraging the combined strengths of Axeleo Capital’s network and expertise, the fund intends to be an essential partner for entrepreneurs working on innovative green solutions.

First Investment in Sweetch Energy

In line with its mission to support transformative green technologies, Axeleo Capital is pleased to announce its first investment in Sweetch Energy, a company specializing in osmotic energy. Osmotic energy is a renewable and controllable energy source that has the potential to play a significant role in the global energy transition. This first investment signals the fund’s commitment to supporting pioneering technologies that can make a measurable impact on the sustainability of energy systems.

Sweetch Energy’s breakthrough technology is a prime example of the type of innovative solutions that the GTI I fund is eager to back. The fund’s initial focus on osmotic energy represents a broader strategy to identify scalable, high-potential technologies that can provide real, lasting benefits to the planet.

New Leadership and Future Outlook

As part of its expansion, Axeleo Capital has appointed Sandra Dubos as Investment Director for the GTI I fund. Dubos brings extensive experience in venture capital and green technology investments, and her leadership is expected to further enhance the fund’s ability to identify and support high-impact startups.

Looking ahead, Axeleo Capital is excited about the future of the GTI I fund and its potential to drive significant change in the green tech landscape. The firm’s commitment to sustainability and innovation will continue to guide its investment decisions as it works to make the green industrial ecosystem a reality. With a final target of €250 million, the GTI I fund is poised to become a leading force in Europe’s green tech industry.

The launch of the Axeleo Green Tech Industry I fund marks a pivotal moment in Axeleo Capital’s mission to support the ecological transition and promote sustainability in Europe’s industrial sector. With an impressive first close of €125 million, the fund is well-positioned to back groundbreaking innovations in green technology, from renewable energy to sustainable agriculture and decarbonization solutions.

Through strategic partnerships with leading institutions and its first investment in Sweetch Energy, Axeleo Capital is demonstrating its commitment to driving the growth of green industries and supporting the entrepreneurs who will lead the way in building a sustainable future. The GTI I fund is set to play a central role in Europe’s green revolution, and Axeleo Capital is ready to lead the charge in creating a more sustainable and prosperous world for future generations.