Against the backdrop of a challenging fundraising environment for many asset managers, ETF Partners, Europe’s sustainable venture capital firm, has announced its fourth fund’s fundraising completion. The Fund 4 was oversubscribed at €285 million, compared to its target size of €250 million. The fund invests in fast-growing innovative companies across Europe that deliver positive environmental impact.
The fund is supported by leading institutions, including the European Investment Fund and British Patient Capital.
Portfolio of investments
ETF’s Fund 4 has already made investments in several exciting companies, such as AIPERIA, Dexter, Fairly Made, Hellas Direct, Net Purpose, Open Cosmos, The Modern Milkman, and Zeelo.
At the time of the initial investments, all of these portfolio companies were said to have significant revenue, and they continue to demonstrate solid growth, as they work to solve a variety of environmental challenges.
The investor also posted recent exits, including DeepSea Technologies’ sale to the Japanese technology leaderNabtesco, Greenbird Integration Technology’s acquisition by GE Vernova, QOS Energy’s acquisition by Envision Digital, and Telensa’s sale to Signify Holding BV.
Patrick Sheehan, Co-Founder and Managing Partner at ETF Partners said, “Climate change is threatening life as we know it, as massive problems arise around the world. There is a clear need to back entrepreneurial businesses developing innovative solutions that can address these challenges. Fortunately, we see many fantastic teams across the European continent delivering exciting innovations that can make a difference today. We want to support these teams to rapidly scale their companies, so they can be both commercially successful and become leaders in changing our world for the better”.
Christine Hockley, Managing Director for Funds, British Patient Capital, at British Patient Capital, said, “We are delighted to be investing in ETF Partners’ Fourth Fund as they look to support the new wave of innovative digital businesses which are tackling sustainability and climate-related challenges. The ETF team brings the experience and sectoral expertise required to support climate tech companies as they scale up.”
Rob Genieser, Managing Partner at ETF Partners, said, “We have focused on sustainable investing for eighteen years. Entrepreneurs appreciate our commitment, and they want to partner with us to create climate champions. We want to back leaders driven by a strong sense of purpose, and we hope they in turn appreciate our values and culture. We have a reputation for being mission-driven, experienced, and supportive of our teams.”
