GET Fund Announces First Close of €100 Million Fund for Green Tech Startups
GET Fund (Green European Tech Fund) is an impact venture capital firm dedicated to investing in innovative cleantech solutions and impactful businesses across Europe. With a focus on energy, mobility, ag&food, and industrial sectors, GET Fund aims to drive sustainable growth and significant environmental impact. Previously known as Munich Venture Partners , the firm has over 15 years of experience in cleantech and impact investing, leveraging a robust sustainability framework and extensive track record.
About New Fund:
- GET Fund has closed the first round of its new fund with commitments totaling €100 million.
- Investors include the European Investment Fund, BNP Paribas, Sächsische Aufbaubank, Asahi Kasei,Dr. Hettich, Schaeffler and Yippie.
- GET Fund plans to invest in up to 20 high-potential startups, providing them with the necessary resources to scale and achieve market leadership.
- The fund will focus on Series A and B investments, supporting companies through financing and strategic guidance.
- The focus is on hybrid hardware-software solutions that are highly scalable and suitable for venture capital financing.
- GET Fund integrates a science-based impact framework known as the Triple Top Line, aligning environmental and social impact with financial returns.
Source: GET Fund
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