CDP Venture Capital Backs Climate-Focused Algebris Climatech with €60M Launch
Funding | Jan 21, 2025 | CDP Venture Capital
Algebris Investimenti, in collaboration with CDP Venture Capital, announced the launch of Algebris Climatech fund, marking its entry into the venture capital space with an emphasis on climate technology investments. The fund completed its first closing at approximately €60 million, indicating robust investor interest in climate-focused initiatives. This strategic move aligns with growing global emphasis on sustainable investments and positions the entity as a proactive participant in environmental advancement through capital markets.
Sectors
- Venture Capital
- Climate Technology
Geography
- Italy – CDP Venture Capital, involved in the fund launch, is based in Italy, suggesting the geographical focus of this venture.
Industry
- Venture Capital – The article discusses the launch of a new venture capital fund focused on climate tech, indicating relevance to the venture capital industry.
- Climate Technology – The focus of the newly launched fund, Algebris Climatech, is on climate-focused technologies, positioning this industry at the center of the article.
Financials
- €60 million – The amount raised during the first closing of the Algebris Climatech fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Algebris Investimenti | Fund Manager | Company | Algebris Investimenti is responsible for launching the Algebris Climatech fund, marking its entry into venture capital. |
| CDP Venture Capital | Investor | Company | CDP Venture Capital has partnered with Algebris Investimenti to support the Algebris Climatech fund with initial investment. |