UK's Vectr7 to invest $25M in European climatetech startups
Vectr7 Investment Partners has secured a significant portion of initial commitments for its first fund to back early-stage climatetech startups.
The UK-founded fund plans to raise a total of $25 million to invest in European companies focused on GHG capture or avoidance in real estate, infrastructure, transport, and utilities.
The fund, Vectr7 Venture Series 2022 LP, has closed four initial investments, including follow-on financing.
Vectr7's founders, Dominic Wilson and Mary Criebardis Singh, have over 10 years of investment experience together and have closed over 50 investments.
The fund aims to provide strategic and operational support to early-stage companies and help them build scalable, global companies that address energy use and emissions.
The fund is targeting investments of $1-3 million and plans to invest in approximately 15 ventures.
It has already backed three companies, including measurable.energy, Kadence, and Patch.
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