2150 raises again to scale climate-focused urban tech
London-based venture capital firm 2150 has announced the final close of its second fund at €210 million, bringing the firm’s total assets under management to €500 million. The firm said the new vehicle will continue its strategy of backing technology companies designed to reshape cities and the industries that underpin them—spanning areas such as energy systems, industrial decarbonisation, advanced manufacturing, mobility and broader urban infrastructure.
The close comes as European investors continue to allocate capital to climate, energy transition and industrial decarbonisation themes, even as fundraising conditions remain uneven across the broader venture market. For 2150, the new fund reinforces a thesis that urban systems are a major lever for emissions reduction and economic productivity, and that technology adoption in cities is accelerating across multiple sectors at once.
Backers include strategic and institutional investors
2150 said its Fund II investor base includes Viessmann Generations Group, Chr. Augustinus Fabrikker, Novo Holdings, Danish sovereign fund EIFO, Security Trading Oy, Islandbridge Capital, Fund of Funds Carbon Equity, and the US-based Church Pension Group. The mix reflects a blend of strategic capital and long-term institutional allocators that have been active in climate-related investing over multiple market cycles.
Christian Jolck, co-founder and partner at 2150, framed the fundraising milestone as both a scale marker and an impact claim. “Four years after unveiling 2150 we have raised €500 million, invested into 27 companies and mitigated over a megatonne of CO2e per year,” he said. He added that portfolio companies have reached aggregate revenue of more than $1 billion and employ over 4,500 people.
Part of a wider wave in European climate and industrial funds
The fund close sits within a broader pattern of capital formation across European climate and industrial decarbonisation investing through 2025 and into early 2026. In recent months, other managers have reported sizable raises in adjacent strategies, including Berlin-based Future Energy Ventures with a €205 million second fund focused on energy transition technologies, and Barcelona-headquartered Suma Capital, which raised €210 million for its SC Net Zero Ventures I vehicle targeting industrial decarbonisation and related infrastructure.
Alongside these larger funds, mid-sized and earlier-stage vehicles have also been active, including Índico Capital Partners with a €125 million Fund III that includes climate-adjacent technology, and Rubio Impact Ventures, which closed a €70 million impact fund with climate as a central theme. At the company level, financings such as Spark Cleantech’s €30 million raise for clean industrial energy solutions illustrate parallel deployment of capital into operating businesses.
Across the disclosed announcements referenced alongside 2150’s close, the combined commitments total roughly €640 million, underscoring the scale of money targeting urban, energy and industrial climate technologies over the period.
What 2150 invests in
Founded in 2019, 2150 positions itself around the idea that cities generate the majority of global prosperity and represent a major opportunity for sustainable progress. The firm’s investment scope includes energy systems, industrial decarbonisation, advanced manufacturing, mobility solutions and urban systems—areas where regulatory pressure, infrastructure renewal and corporate net-zero commitments are converging to create demand for new technology.
The firm argues that urbanisation can become more sustainable as technologies mature and integrate across supply chains, buildings, mobility and industry. That thesis has translated into a portfolio that spans a wide range of climate-linked categories, including energy, cooling, lower-carbon cement, biodiversity monitoring, industrial heat, critical minerals, urban mobility and circular economy models.
Portfolio highlights and early Fund II deployments
From its first fund, 2150 has backed companies such as pan-European home energy platform 1Komma5º, e-mobility leasing and battery-swapping network Vammo, and ultra-efficient cooling technology company Blue Frontier.
For Fund II, the firm said it has already completed investments in electrified industrial heat pump manufacturer AtmosZero, refurbished electronics marketplace GetMobil, metals recycling and trading platform Metycle, and direct air capture platform Mission Zero Technologies, alongside three additional investments that have not yet been disclosed.
Christian Jolck said the fund’s investor mix supports the firm’s long-term strategy. “For Fund II, we have continued to partner with leading institutional investors across Europe, North America, and Asia, and who have invested in this category for multiple cycles,” he said, adding that the combination strengthens conviction in 2150’s ability to deliver “attractive long-term returns” while building a durable investment platform.
Why it matters
2150’s larger fund size and growing AUM arrive as climate investing increasingly shifts from purely software-driven models toward capital-intensive solutions tied to industry, energy and infrastructure. For VCs operating in that space, fund scale can influence the ability to lead rounds, support longer development cycles and finance deployments that require partnerships with corporates, municipalities and industrial customers.
The firm’s Fund II close signals continued appetite among long-duration investors for venture strategies that connect emissions reduction with industrial competitiveness—particularly in Europe, where energy security and decarbonisation remain tightly linked policy priorities.
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