New female-led VC firm VitaminºC hits first close of its €18 million debut climate fund amid sector funding decline
A new female-led venture capital firm, VitaminºC, has successfully reached the first close of its €18 million debut climate fund, signaling a strategic investment in climate mitigation and adaptation technologies. This development occurs amidst a broader decline in climate tech funding, positioning VitaminºC to capitalize on a market dislocation where essential climate solutions are becoming economic infrastructure. The firm's approach aims to "rewire climate venture capital" by investing in technologies crucial for emission reduction and enhancing resilience. VitaminºC focuses on pre-Seed and Seed stage investments, deploying €0.5–€1.5 million per company. Each investment must demonstrate the potential to reduce or eliminate at least 100,000 tons of CO₂ or improve the resilience of 100,000 people within a five-year timeframe, illustrating a strong emphasis on quantifiable impact. The fund is supported by European entrepreneurial families and notable climate tech leaders, including Dufour Aerospace co-founder Jasmine Kent and climate policy expert Florian Egli. The firm acts as a strategic bridge between Europe and Silicon Valley, blending European impact investing principles with US scaling expertise to foster global growth for climate tech startups. This dual focus is particularly relevant as European deep tech often faces scaling challenges, while US founders may seek Europe's stable regulatory environment amidst policy uncertainties. VitaminºC's debut investment in Satellites on Fire, an AI-powered wildfire detection and prevention startup, underscores its commitment to tangible climate solutions.
Curated and translated by Europe Digital for our multilingual European audience.
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