Earlier this month, female-led climate tech startup tozero raised €3.5 million. Now, Berlin-based Extantia Capital, a climate-first VC firm, has announced a €300 million platform to invest in and accelerate climate tech innovation.
The firm is backed by investors such as Anglo American, Toyota Ventures (backed self-driving startup May Mobility), and top-tier family offices such as the Piëch and Oldendorff families. Notable portfolio companies include H2Pro, INERATEC, GA Drilling, BeZero, and Reverion.
Climate tech investments worldwide
After two years in stealth mode, Extantia announces two investment funds along with a sustainability knowledge hub for investors, scientists, and industry experts.
“This is more than just another climate tech fund,” said Sebastian Heitmann, Partner at Extantia. “To reach net zero, we need a major change across the entire economy and mobilisation of all market players. Over the past two years, we built a platform to catalyse this movement. We provide economically and ecologically viable investment alternatives to asset managers; education and knowledge to industry leaders and policymakers; and capital and domain expertise to entrepreneurs.”
“Extantia Ignite is where industry meets technology and science,” said Dr. Laura-Marie Toepfer, Partner at Extantia. “By combining our scientific carbon measurement with sustainable investing, our hub is designed to engage and empower all stakeholders — entrepreneurs, policymakers, family business leaders, and institutional investors — to achieve their own net zero targets and that of their customers. We regularly publish our work to advance thought leadership and foster public discussion.”
Ambitious climate tech VC
Founded by Joern-Carlos Kuntze and Torben Schreiter, Extantia Capital invests in deep decarbonisation technologies that lead us to a world beyond fossil fuels. It searches for companies that have the potential of becoming a “Gigacorn”. Its aim is to find exceptional companies that are capable of saving in excess of 1Gt of CO2 emissions per year and are also commercially viable with scalable business models.
the platform includes Extantia Flagship, a €150 million venture fund dedicated to backing scalable deep decarbonisation tech companies, Extantia Allstars, another €150 million fund-of-funds investing in climate tech venture capital funds across the globe, and Extantia Ignite, a sustainability hub advancing knowledge and competence in climate innovation and ESG practices.
The VC uses these tools to evaluate and report climate impact, helps portfolio companies implement ESG best practices, and provides actionable insights to investors.
With 12 direct investments and seven venture capital fund commitments, Extantia already has over €100 million in Assets Under Management (AUM).