Paris-based venture capital firm 360 Capital just announced the first closing of its €140 million climate tech fund, 360 LIFE II. The new fund aims to reach its target of €200 million by engaging key industrial partners and institutional investors. At the helm of 360 LIFE II will be partners Cesare Maifredi, Alexandre Mordacq, Alessandro Zaccaria and Thomas Nivard.
A2A, as anchor investor and industrial partner, has allocated €40 million, continuing the path initiated with the launch of 360 LIFE I in 2020 — where it served as the only investor with a commitment of €25 million. This initiative further extends the Group’s investment strategy, dedicated to advancing new technologies in the circular economy and energy transition.
CDP Venture Capital, through the International Fund of Funds and the Green Transition Fund – PNRR, which utilizes resources allocated by the EU under the NextGeneration EU initiative, has committed a total of €44 million as a financial anchor investor to support the
establishment of the new fund.
The fund also includes, at closing, De Nora as anchor investor and industrial partner with a commitment of €10 million and Bpifrance as institutional partner.
360 LIFE II aims to invest in pan-European Series A and B startups focused on three key areas: energy transition (e.g. renewable energy, energy storage, hydrogen), circular economy (e.g. waste reduction, blue economy, natural resource protection) and urban sustainability (e.g. pollution reduction, net – zero solutions, smart infrastructure)
Cesare Maifredi, Partner at 360 Capital, commented: “Multidisciplinary deeptech startups offer the best chance to deliver truly transformative solutions to climate change. At 360, we’ve spent over a decade making bold investments in frontier technologies, never shying away from hardware or complex engineerin g challenges. We’re proud to back visionary founders leading the ecological transition through breakthrough innovations. Investing in these sectors requires solid expertise, which is why we collaborate with industrial partners like A2A and now De Nora. This new fund represents another opportunity to pair our pursuit of strong financial returns with a tangible commitment to building a sustainable and resilient future.”
Established in 1997, 360 Capital has built a reputation as a pioneering venture capital firm within Deep Tech and Climate Tech domains. With a portfolio that includes high – growth companies like Exotec (France’s first industrial unicorn), Preligens (acquired by Safran), and Alsid (acquired by Tenable), the firm has completed 28 exits since 2018. With offices in Paris and Milan, 360 Capital has a portfolio of over 60 companies and a team of over 25
professionals.
With the investment in 360 LIFE II, A2A confirms its collaboration with 360 Capital and strengthens its role as a key player in the Italian and European innovation ecosystem, aiming to support new startups in the climate tech sector, in line with the goals of the 2035 Industrial Plan focused on ecological transition as a choice for sustainable competitiveness. By investing in 360 LIFE II and working closely with the 360 Capital team, De Nora aims to identify and enhance disruptive technologies in the climate tech sector, developing industrial and R&D synergies, and further strengthening its contribution to the i nnovative growth of the sectors in which it operates.
Read the orginal article: https://www.eu-startups.com/2024/12/360-capital-announces-the-1st-closing-of-its-e140-million-climate-tech-fund-360-life-ii/
