100 million euros for Green Generation Fund

The capital is to be invested in startups that reduce CO2 emissions in the agricultural and food sectors.

The Green Generation Fund (GGF), launched by founders Manon Littek and Janna Ensthaler, has raised €100 million to invest in innovative startups. Of this, 25 million euros came from the European Investment Fund (EIF).

KfW Capital is supporting the fund with ten million euros. In addition, private investors such as Florian Wendelstadt and also family offices such as Kaltrocco, Burda and the SAP founding family Hopp are investing.

The fund is intended to promote food and greentechs in Germany, Europe and the USA. The aim of the funding is to reduce CO2 emissions in the agricultural and food sectors, he said. With its first investments, the fund is supporting three start-ups from Berlin, among others. They include the Rainforest Company, which aims to protect the rainforest, and the start-up Neggst, which produces an alternative to chicken eggs. Also receiving funding is Klim, which aims to help farmers convert to regenerative agriculture with its software.

"The fund's investment strategy is focused on innovative solutions for sustainable consumption along the entire value chain, making a significant contribution to climate goals," says Jörg Goschin, managing director of KfW Capital. "The Green Generation Fund is an impressive example of how the VC ecosystem can give greentechs a helping hand."