Extantia Capital plans to invest 300 million euros

Impact VC is launching both a venture capital fund and a fund of funds. The money comes from prominent investors.

Venture capitalist Extantia Capital is launching into the market with a bang. Two years after its founding, the Berlin-based firm announces a €300 million investment package to flow into climatetechs through multiple channels.

The company plans to invest 150 million euros directly through its venture capital fund Extantia Flagship. The other 150 million euros will go through the Extantia Allstars fund of funds to other investors who also invest in climate technology. The money comes from investors such as Anglo American and Toyota Ventures, and several prominent family offices have also participated, including that of the Piëch family.

"This is more than just another climate tech fund," says Sebastian Heitmann, partner at Extantia: "We offer economically and environmentally viable investment alternatives for asset managers, education and knowledge for industry leaders and policymakers, and capital and domain expertise for entrepreneurs."

Complementing the capital lending projects, Extantia is also launching a sustainability center called Ignite. This will develop its own ESG guidelines and analyze Extantia's investments for their impact. Extantia says it has already made twelve direct investments and made commitments to seven venture capital funds.