World Fund Closes €300M Climate Tech Fund, Making Waves in Europe
March 25, 2024, 9:32 pm
World Fund, a Berlin-based climate tech venture capital firm, has successfully closed a €300 million first fund, despite facing challenges in the fundraising environment. The VC, born from the founders of Ecosia, an independent search engine that funded tree planting, has a strong focus on decarbonization technologies and hardware investments. With backing from the European Investment Fund, KfW Capital, and other key players, World Fund is set to make a significant impact on the European startup scene. In a year where climate tech startups raised over $20 billion, World Fund's milestone fund closure marks a pivotal moment in institutionalizing climate capital in Europe.