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If you want to solve climate change, there are few better places to start than cities.\u00a0<\/p>\n
\u201cThe city is kind of like this beautiful vampire squid that sucks in all the resources,\u201d Jacob Bro, co-founder and partner at 2150<\/a>, told TechCrunch. \u201cThey basically aggregate all the prosperity in the world \u2014 80% of GDP \u2014 but also 70% of emissions and all the other resources, all the waste, and all the downsides of the good life.\u201d<\/p>\n Plenty of investors have raised large funds to tackle climate change in recent years, with many measuring success by returns and carbon reductions. 2150 does the same, but to find fertile ground for investments, it starts by looking at problems and opportunities in cities, specifically.<\/p>\n \u201cIf we look at all the stuff we consume, all the stuff we need to build, to make the urban platform of prosperity operate and thrive, you can identify technologies and the bottlenecks,\u201d Bro said.\u00a0<\/p>\n The climate angle helps give the fund an edge, he said. \u201cSustainability, if done well, is just better business, right? It\u2019s cheaper, faster, and more independent from geopolitics.\u201d<\/p>\n That dual focus has helped 2150 raise a new \u20ac210 million second fund from a range of institutional investors and family funds, including Chr. Augustinus Fabrikker, Church Pension Group, the Danish sovereign fund EIFO, Fund of Funds Carbon Equity, Novo Holdings, Islandbridge Capital, Security Trading Oy, and Viessmann Generations Group. The new fund brings the European firm\u2019s assets under management to \u20ac500 million.<\/p>\n In total, the new fund has 34 limited partners, said Christian Hernandez, co-founder and partner at 2150. \u201cPretty meaty checks,\u201d he added.<\/p>\n Techcrunch event<\/p>\n \n\t\t\t\t\t\t\t\t\tSan Francisco<\/span> So far, 2150 has invested in seven companies from the new fund, including AtmosZero<\/a>, which makes industrial heat pumps; GetMobil<\/a>, an e-waste recycling startup<\/a>; Metycle<\/a>, a scrap and recyclable metals marketplace; and MissionZero<\/a>, a direct air capture startup. Three others have yet to be announced.<\/p>\n In total, 2150 is looking to invest in 20 companies in the second fund. Most startups it writes checks to will be raising Series A rounds, and the checks will total around \u20ac5 million to \u20ac6 million, Hernandez said. Half of the fund will be reserved for follow-on investments.<\/p>\n The partners said they\u2019ll be looking for a range of startups, similar to before. Specifically, though, they\u2019re excited by opportunities in data centers and automation, both of which have been spurred by the recent surge in AI. But for them, AI is just more than an opportunity to invest in energy-related companies.\u00a0<\/p>\n \u201cThe impact there is more societal than it is climate-related,\u201d Hernandez said. \u201cEurope is expected to lose 100 million people between now and 2040 \u2014 just people getting older. The Netherlands already has 50% of their population over the age of 50. So what role does industrial automation help with helping those people be productive, but also generating GDP and funding those people\u2019s pensions?\u201d he said.<\/p>\n Bro said the focus on industrial applications was perhaps obvious in hindsight. \u201cCities are all supplied by large or small industries at the end of the day,\u201d he said.<\/p>\n The focus appears to be paying off. 2150\u2019s portfolio companies mitigated one megaton of carbon emissions last year, Hernandez said. \u201cThe fact that a small venture capital fund can already get to the megaton-level scale in only four years, that level of impact, along with the commercial traction, makes me feel like we\u2019re doing the right thing.\u201d<\/p>\n<\/div>\n
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\n\t\t\t\t\t\t\t\t\t\t\t\t\tOctober 13-15, 2026<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n