Algebris: Climatech Fund Launched with EUR 60 Million
Funding | Jan 27, 2025 | CDP Venture Capital
Algebris Investimenti has announced the launch of its new venture capital strategy, Algebris Climatech, with an initial closing at approximately EUR 60 million. This innovative fund aims to support investments primarily in sustainable technologies and eco-friendly solutions, reflecting the growing trend in the financial world towards addressing environmental challenges. CDP Venture Capital is playing a key collaborative role, indicating a strong backing and commitment from notable investment players towards sustainable finance. The creation of Algebris Climatech signifies a pivotal step for Algebris as it ventures into the green investment sector, marking its first foray into venture capital with an emphasis on climate technology.
Sectors
- Venture Capital
- Sustainable Finance
Geography
- Italy – CDP Venture Capital is based in Italy, and Algebris Investimenti is also an Italian firm.
Industry
- Venture Capital – The article discusses the launch of a venture capital fund, Algebris Climatech.
- Sustainable Finance – Algebris Climatech is focused on climate technology and eco-friendly investments.
Financials
- EUR 60 million – The initial closing amount for the Algebris Climatech fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Algebris Investimenti | Launching Company | Company | An investment firm launching the Algebris Climatech fund focused on sustainable and climate technologies. |
| CDP Venture Capital | Collaborative Partner | Private Equity Firm | A major Italian venture capital firm supporting the launch of Algebris Climatech. |