UK ClimateTech VC Clean Growth Fund raises €94.5 million in Fund II's second close
UK-based climate technology venture capital platform Clean Growth Fund has completed the second close of its Fund II vehicle, bringing total commitments to €94.5 million. The amount surpasses the halfway mark toward its €174 million target.
Clean Growth Fund, a specialist UK-based ClimateTech venture capital platform, has announced the second close of its Fund II investment vehicle. Total investor commitments now stand at €94.5 million, equivalent to £81.5 million.
This milestone puts the fund more than halfway toward its overall target of €174 million, or £150 million. The second close brought in additional institutional backing, adding to the fund's existing base of investors.
With this capital, Clean Growth Fund intends to continue supporting UK companies at stages ranging from Seed to Series A. The fund focuses on businesses whose technology addresses climate-related challenges and contributes to sustainable development.
The platform positions itself as a specialist investor in the climate technology space, concentrating specifically on early-stage companies working to scale their solutions.
