Commerzventures launches 300 million euro fund

The fund is particularly aimed at fintechs and insurtechs that have ambitions to become climate-neutral.

Commerzventures is launching its third fund with a total volume of 300 million euros, as the investor announced on Linkedin. The investor launched the first fund in 2014. It comprised 100 million euros. The second fund followed in 2019 with a volume of 150 million euros. The total volume under management has now increased to 550 million euros.

The investor is also introducing carbon offset financing for each new portfolio company to make them more climate-friendly. "With our access to high-quality offset projects, we can help them make credible net-zero commitments while they work to reduce emissions," explains Paul Morgenthaler, Partner at Commerzventures.

Commerzventures, founded in 2014, has so far invested in 28 companies. The investor states that 30 percent of its previous investments have become unicorns. These even include two decacorns, Etoro and Marqeta. The VC describes itself as Europe's leading fintech climate investor. With the launch of the third fund, Commerzventures is doubling its number of employees. The focus of investments to date has been on Europe, the USA and Israel. Now the investor also wants to gain a foothold in Africa.