Investment in startups with a social and environmental impact is on the rise in the world of venture capital. The National Securities Market Commission (CNMV) yesterday authorized the start-up of Inclimo ClimateTech I, the first investment vehicle of the Barcelona-based manager The Climate Hub. This initiative, promoted by the Antai Ventures fund and the Sorigué construction company, plans to invest a total of 40 million euros in startups that contribute to decarbonizing the planet and meeting the global objectives declared in the Paris Agreement.
“Investment in climate technologies is at historical records and has exceeded 82,000 million worldwide. At Inclimo, we have our sights set on projects in the circular economy, agri-food, data management, real estate, smart mobility, water and energy sectors”, explains Gerard Olivé, partner at Antai Ventures and co-founder of the vehicle. together with Álex Pardo, director of venture capital and corporate services at Sorigué, and Fernando Casado, who has previous experience at the UN and at the production company GlobalCAD.
The manager's activity will begin in the coming weeks. “We are going to look for opportunities both in the local and international markets, although for reasons of proximity the operations will be concentrated in Spain”, comments the investor.
The objective is to allocate at least 3 million euros to each company, reaching a total of 25 operations. The fund will focus on Series A investment rounds (early maturity) that support companies that have a validated product in the market and that need to accelerate their growth, achieve profitability and improve management efficiency. In the long term, Inclimo aspires to invest in companies that have the potential to become gigacorns, companies that can reduce a gigaton of CO2 emissions per year.
Regarding the raising of funds, Olivé assures that Inclimo already has 20 million euros committed and that it is looking for 20 million more to reach the goal of 40. In addition to the commitment of the driving partners, Fernando Casado, Antai Ventures and the Sorigué group, the Inclimo Climate Tech I vehicle has received financial support from family-owned vehicles and also institutionally through the Official Credit Institute (ICO).