Venture Capital

London venture capital fund announces close of flagship €200m round

Read more at bdaily.co.uk

A new London venture capital fund has announced the first close of its flagship €200m round.

2150, which has offices in London, Copenhagen and Berlin, will use the funding to back technology companies that seek to sustainably reimagine and reshape the urban environment.

The funding round included a mix of institutional capital and family offices including Chr. Augustinus Fabrikker, Denmark’s Green Future Fund and Novo Holdingsalongside an ecosystem of partners building or managing over ten million square meters of real estate, who will help evaluate and accelerate the adoption of the sustainable technologies that the fund backs.

Having raised almost two-thirds of the target amount to-date, the final close is anticipated by mid-2021. This first close was achieved in under 6 months.

Robert Niven, CEO and founder of CarbonCure, commented: “2150’s investment in CarbonCure is a great endorsement of our mission to put sustainable concrete at the heart of the cities of the future.

“Like us, the team at 2150 is in this for the long-term good of the environment and like us, they have committed to specific targets towards that goal.

“In our case, that’s a commitment to remove 500 megatonnes (500 million metric tonnes) of carbon dioxide annually from the concrete industry by 2030.”

Mikkel Bülow-Lehnsby, general partner at 2150 and chairman and co-founder of NREP, said: “With NREP we have been on a 15 year mission of making real estate and cities more efficient, customer centric and sustainable.

“With 2150 we are leveraging all of NREP’s learnings and ambitions and partnering with our industry peers to identify and accelerate technology that can help us support our purpose of making real estate better.

“I am convinced that 2150’s mission-aligned team will play an important role in designing a future in which the convergence of entrepreneurship, technology and sustainability will reverse the built environment’s negative impact on the planet.”

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