NREP raises 268 million euros for a green proptech venture capital fund | New

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An urban sustainability tech firm launched by NREP has raised € 268 million in an oversubscribed fundraiser backed by investors including Norwegian state climate investment firm Nysnø and Credit Suisse.

NREP said 2150 exceeded its initial fundraising target of € 200 million by 33%, thanks to pledges received from backers including the BMW Foundation, Woven Capital and other investors.

As previously reported, 2150 has secured an initial amount of € 130 million for its first fund from investors such as Chr Augustinus Fabrikker, Novo Holdings and Danish public fund Green Future.

The Nordic real estate fund manager said that 2150, which was launched in February this year to invest in technologies related to sustainable real estate development, has made its first five investments.

It has invested in Normative, a carbon accounting specialist in Sweden, Aeroseal in the United States as well as Nodes & Links in the United Kingdom. The fund also supported Hong Kong-based AMPD Energy and Canadian cleantech company CarbonCure Technologies.

Financial details were not disclosed.

Mikkel Bülow-Lehnsby, chairman of NREP and co-founder of 2150, said: cities of the world.

“The climate emergency is the challenge of our generation. Cities are responsible for the majority of human-made carbon emissions, but they also have the potential to lead the solution. By identifying and supporting the right companies with green and scalable technologies, we believe we have a big role to play.

Based in London, Copenhagen and Berlin, venture capital firm 2150’s premier fund seeks to build a portfolio of around 20 companies, each of which has the potential to become ‘gigacorns’ – commercially successful companies with the potential to reduce or mitigate gigatons of CO2. , according to NREP.

To read the digital edition of the latest IPE Real Assets magazine, click here.


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