Europe’s original sustainability VC, ETF Partners, raises €285M in oversubscribed round

ETF Partners has announced the completion of fundraising of its fourth fund. The fund was oversubscribed at €285 million, compared to its target size of €250 million. 

Founded in 2006, ETF Partners (The Environmental Technologies Fund) stands as Europe’s original venture capital firm dedicated to sustainability and impact investing. 

The fund invests in fast-growing innovative companies across Europe that deliver positive environmental impact.

According to Patrick Sheehan, co-founder and Managing Partner at ETF Partners:

“Climate change is threatening life as we know it, as massive problems arise around the world. There is a clear need to back entrepreneurial businesses developing innovative solutions that can address these challenges. 

Fortunately, we see many fantastic teams, right across the European continent, delivering exciting innovations that can make a difference today. We want to support these teams to rapidly scale their companies, so they can be both commercially successful and become leaders in changing our world for the better.”

ETF’s Fund 4 has already made investments in a number of exciting companies, such as AIPERIA, Dexter, Fairly Made, Hellas Direct, Net Purpose, and Open Cosmos. 

At the time of the initial investments, all of the companies had significant revenue, and they continue to demonstrate solid growth, as they work to solve a variety of environmental challenges.  

The fund is supported by the European Investment Fund and British Patient Capital. 

Christine Hockley, Managing Director for Funds, British Patient Capital, at British Patient Capital, said:

 “We are delighted to be investing in ETF Partners’ Fourth Fund as they look to support the new wave of innovative digital businesses which are tackling sustainability and climate related challenges.

The ETF team brings the experience and sectoral expertise required to support climate tech companies as they scaleup.”

Rob Genieser, Managing Partner at ETF Partners, shared:

“We want to back leaders driven by a strong sense of purpose, and we hope they in turn appreciate our values and culture. We have a reputation for being mission driven, experienced and supportive of our teams.”

ETF Partners has posted a number of recent exits, including DeepSea Technologies’ sale to the Japanese technology leader Nabtesco, and Greenbird Integration Technology’s acquisition by GE Vernova, QOS Energy’s acquisition by Envision Digital, and Telensa’s sale to Signify Holding BV.