The closing – supported by contributions from institutional investors, family offices, and public entities such as Fond-ICO and the Institut Català de Finances – validates the fund’s investment thesis and ensures its capacity to continue backing high-impact climate solutions in the years ahead. 

“Closing the fund at €33.6 million in such a volatile environment not only validates our thesis but also proves that Europe’s Climate Tech ecosystem has tremendous transformative potential,” said Fernando Casado, Managing Partner of the fund. “Our focus now is to keep accelerating technological solutions that are not only profitable but also essential for achieving a just and resilient transition.”  

Since its launch in 2023, the fund has made 13 strategic investments in tech-based startups at seed and Series A stages. Its current portfolio features leading companies in their respective verticals, including: Ocean Ecostructures (marine regeneration); HEMAV (geospatial data-driven agrotech); GoTrendier (circular textile economy); Woodea (low-emission engineered timber construction); Hamelyn (reselling retail surplus and returns to reduce waste); BM2 Solar (optimiser for self-consumption solar installations and energy communities), among others.  

Furthermore, Inclimo plans to make 12 additional investments during the remaining life of the fund, bringing the estimated total portfolio to 25 companies. 

​The fund is classified as an Article 9 fund under the EU’s Sustainable Finance Disclosure Regulation (SFDR) – the strictest sustainability category. This designation means it explicitly targets investments in activities with positive environmental or social impact, while applying rigorous standards for measurement, transparency, and alignment with European climate goals.  

In keeping with this commitment, portfolio companies are delivering tangible results, such as cutting emissions in the construction sector, improving water efficiency in agriculture, and advancing circular economy models in key industries. 

“We’ve built a solid, transparent financial structure aligned with the highest ESG standards. This closing not only reflects the confidence of our investors but also our ability to manage responsibly with a long-term vision in a demanding environment.” – Alba Guillén, CFO of Inclimo Climate Tech Fund.  

To date, the fund has deployed over €6 million in direct investments and has co-invested alongside international funds like IDB Lab, IDC Ventures, FJ Labs, and Point 9, as well as leading national players – demonstrating its strong capital attraction and access to high-quality strategic opportunities.   

“From day one, we knew Climate Tech wasn’t just an investment opportunity – it was a generational responsibility. Our commitment to the entrepreneurs driving this change is absolute, and this closing shows that impact and profitability not only can go hand in hand, but must.” – Gerard Olivé, General Partner of Inclimo Climate Tech Fund.

With the closing of this first fund, Inclimo strengthens its role as a catalyst for technological solutions that not only tackle climate change but also lay the foundation for a new regenerative, resilient, and inclusive economy.  

About Inclimo Climate Tech Fund

Inclimo Climate Tech Fund is a venture capital fund investing in climate technology companies with the goal of reducing global greenhouse gas emissions. It focuses on start-ups developing technologies and innovations to mitigate climate change, primarily in sectors such as Utility Tech (energy and water), Agro and Food Tech, Prop Tech, Mobility, Circular Economy, and DataTech.