2150 Boosts Urban Innovation with $197m Fund II
Funding | Mar 20, 2025 | 2150
2150, the venture arm of Urban Partners, has successfully raised €197m for its second fund, Fund II, which focuses on investment in the urban stack. This includes investments in startups working with resilient construction materials and the electrification of transport options. The fund is backed by notable LPs, including the Augustinus Foundation in Denmark, Novo Holdings, the Danish state-backed EIFO, and US-based Church Pension Group. Additional support comes from German and Finnish family offices. 2150 plans to target 20 Series A and B companies, with a split focus on European and US-based startups. The firm aims to secure a 7-17% ownership in these ventures, focusing on companies that bolster city infrastructure. Despite challenges in the fundraising landscape, driven by economic conditions, interest rate fluctuations, and market saturation, 2150 has maintained momentum with substantial investments, illustrating its robust strategic framework and commitment to urban-focused innovation. In 2023, its portfolio companies collectively reduced almost one megatonne of carbon emissions, a figure poised to grow further in 2024.
Sectors
- Venture Capital
- Urban Infrastructure
- Sustainable Technologies
Geography
- Europe – 2150 operates with offices and invests primarily across multiple European countries, targeting startups within this region.
- United States – Half of the investments from the fund are designated for US-based startups, indicating a significant geographical focus.
Industry
- Venture Capital – The article pertains to venture capital activities as 2150 is raising and managing funds to invest in startup companies at Series A and B stages.
- Urban Infrastructure – The focus is on urban infrastructure and resilience, as 2150 invests in startups developing materials and technologies to enhance city living conditions and reduce environmental impact.
- Sustainable Technologies – Startups targeted by the fund are working on de-carbonization, pollution reduction, and other sustainable solutions, highlighting sustainability and green technology.
Financials
- 197,000,000 – The total funds raised for 2150's second fund aimed at urban innovations.
- 14,100,000 – The amount raised by Metycle in a Series A round led by 2150.
- 22,000,000 – The amount raised by Mission Zero Technologies in a Series A round led by 2150.
- 21,000,000 – The amount raised by AtmosZero in a Series A round where 2150 participated.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| 2150 | Venture Capital Firm | Company | 2150 is a venture capital firm raising and allocating funds to urban-focused innovation startups. |
| Urban Partners | Parent Company | Company | Urban Partners is the parent company of 2150, overseeing operations in private investment. |
| Augustinus Foundation | Limited Partner | Charity | A Danish foundation acting as a Limited Partner (LP) backing 2150's second fund. |
| Novo Holdings | Limited Partner | Company | A significant Danish investment group supporting the fund as an LP. |
| EIFO | Limited Partner | Government | Danish state-backed fund contributing as an LP. |
| Church Pension Group | Limited Partner | Company | A US-based pension fund involved as an LP in 2150's fund. |
| Viessmann Generations Group | Limited Partner | Company | A German family office investing as an LP. |
| Security Trading Oy | Limited Partner | Company | A Finnish family office part of the LP consortium. |
| Virala Group | Limited Partner | Company | Another Finnish family office supporting the fund. |
| Christian Hernandez | Cofounder of 2150 | Person | Cofounder of 2150, involved in strategic decisions and public communications. |
| Metycle | Portfolio Company | Company | A marketplace for metal recycling and one of 2150's strategic investments. |
| Mission Zero Technologies | Portfolio Company | Company | Develops technology for carbon dioxide removal, a key investment for 2150. |
| AtmosZero | Portfolio Company | Company | US startup working on industrial heat pumps for decarbonizing steam systems. |