May 22, 2023
The Climate Hub launches the Inclimo Climate Tech I investment fund to invest in companies that contribute to decarbonisation
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The Climate Hub launches the Inclimo Climate Tech I investment fund to invest in companies that contribute to decarbonisation
The Climate Hub launches the Inclimo Climate Tech I Fund, one of the first venture capital funds in Spain to invest in start-ups with technologies that contribute to decarbonisation and mitigate the impact of climate change. The first round closed this May with 20 million euros.
The main objective of the fund, which has already been registered with the Spanish National Securities Market Commission (CNMV), is to invest in companies that drive sustainability through technology in line with the Sustainable Development Goals (SDGs) and the Paris Agreement for decarbonisation.
To achieve this, The Climate Hub, which will be based in Barcelona, is committed to investing in companies in the circular economy, food and agri-tech, proptech, datatech, smart mobility, water and energy sectors, always linked to technological innovation to accelerate profitability, improve management efficiency and enhance their social and environmental impact.
In addition to the commitment of the promoters, Fernando Casado, Antai Ventures and Sorigué, the Inclimo Climate Tech I Fund has received the financial support of family vehicles and institutional support through the Instituto de Crédito Oficial (ICO).
Partnership in sustainable investments
The promoters have extensive experience in investing in start-ups, developing technology ecosystems and designing sustainability strategies.
“We are looking to invest in the next benchmarks that will emerge from these sectors, but we are also looking for them to have the potential to become gigacorns, companies that can reduce one gigatonne of CO₂ emissions per year”, said Fernando Casado, co-founder and General Partner of the Inclimo I Climate Tech Fund.
Inclimo Climate Tech I Fund’s investment thesis is designed to invest by creating a diversified portfolio of 25 early stage (Series A) start-ups that both provide solutions to the societal challenges of climate change and achieve accelerated economic growth to create a highly profitable group of companies.
The main objective of the fund, which has already been registered with the Spanish National Securities Market Commission (CNMV), is to invest in companies that drive sustainability through technology in line with the Sustainable Development Goals (SDGs) and the Paris Agreement for decarbonisation.
To achieve this, The Climate Hub, which will be based in Barcelona, is committed to investing in companies in the circular economy, food and agri-tech, proptech, datatech, smart mobility, water and energy sectors, always linked to technological innovation to accelerate profitability, improve management efficiency and enhance their social and environmental impact.
In addition to the commitment of the promoters, Fernando Casado, Antai Ventures and Sorigué, the Inclimo Climate Tech I Fund has received the financial support of family vehicles and institutional support through the Instituto de Crédito Oficial (ICO).
Partnership in sustainable investments
The promoters have extensive experience in investing in start-ups, developing technology ecosystems and designing sustainability strategies.
“We are looking to invest in the next benchmarks that will emerge from these sectors, but we are also looking for them to have the potential to become gigacorns, companies that can reduce one gigatonne of CO₂ emissions per year”, said Fernando Casado, co-founder and General Partner of the Inclimo I Climate Tech Fund.
Inclimo Climate Tech I Fund’s investment thesis is designed to invest by creating a diversified portfolio of 25 early stage (Series A) start-ups that both provide solutions to the societal challenges of climate change and achieve accelerated economic growth to create a highly profitable group of companies.
“We participate in Inclimo because it is in line with our values, because of the emphasis on sustainability and because of a will to promote innovative solutions that contribute decisively to mitigating the impact of climate change”, explained Alejandro Pardo, General Manager of Corporate Services and Venture Capital at Sorigué, and Co-Founder and General Partner of the Inclimo I Climate Tech Fund.
Sector outlook
2022 saw record levels of investment in climate technology, despite adverse circumstances in the global economy. In this regard, investment increased by 19%, which already broke records in 2021. In fact, investment in climate technology increased from 13 billion in 2018 to 82 billion in 2022.
“The trends in investment and talent attraction in climate tech start-ups show that, fortunately, there is now no going back. These investments are necessary and are here to stay.Likewise, from an economic perspective, investment in companies that provide technological solutions to the major challenges of climate change will undoubtedly generate great returns”, explained Gerard Olivé, co-founder of the Inclimo I Climate Tech Fund and Antai Ventures.
The areas receiving the most investment during 2022 were energy (with €42 billion), mobility (with €20 billion), the circular economy (€13 billion) and food and agri-tech (€8 billion).
About The Climate Hub
The Climate Hub SGEIC is a venture capital fund manager based in Barcelona and promoted by Antai Ventures (co-founded by Gerard Olivé and Miguel Vicente), Sorigué (represented by Alex Pardo) and Fernando Casado. Its objective is to create venture capital vehicles that invest in exceptional teams that create systemic changes using technology to contribute to the decarbonisation of society and align efforts to achieve the global goals stated in the Paris Agreement.
Sector outlook
2022 saw record levels of investment in climate technology, despite adverse circumstances in the global economy. In this regard, investment increased by 19%, which already broke records in 2021. In fact, investment in climate technology increased from 13 billion in 2018 to 82 billion in 2022.
“The trends in investment and talent attraction in climate tech start-ups show that, fortunately, there is now no going back. These investments are necessary and are here to stay.Likewise, from an economic perspective, investment in companies that provide technological solutions to the major challenges of climate change will undoubtedly generate great returns”, explained Gerard Olivé, co-founder of the Inclimo I Climate Tech Fund and Antai Ventures.
The areas receiving the most investment during 2022 were energy (with €42 billion), mobility (with €20 billion), the circular economy (€13 billion) and food and agri-tech (€8 billion).
About The Climate Hub
The Climate Hub SGEIC is a venture capital fund manager based in Barcelona and promoted by Antai Ventures (co-founded by Gerard Olivé and Miguel Vicente), Sorigué (represented by Alex Pardo) and Fernando Casado. Its objective is to create venture capital vehicles that invest in exceptional teams that create systemic changes using technology to contribute to the decarbonisation of society and align efforts to achieve the global goals stated in the Paris Agreement.
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