Speedinvest to support start-ups with 80 million fund

The money is to go to companies that are fighting the climate crisis. Speedinvest has already invested in two companies.

One of the largest early-stage investors, Speedinvest, has launched a new €80 million fund called Climate & Industry Opportunity. With this fund, the company, which is based in Germany and Austria, aims to provide long-term support primarily to start-ups that are already in Speedinvest's portfolio. They are all to be sustainability-focused. However, some young companies that do not yet exist are also to be supported. The investment firm says it wants to help Europe become carbon neutral by 2050.

With the new fund, Speedinvest has already invested in two existing portfolio companies. It backed Polish firm Packhelp in its Series B round and Tier Mobility in its Series D round. The "Climate & Industry Opportunity" fund is backed by plastics producer Greiner, paper manufacturer Heinzel and technology company Knapp, among others. And a fund has also invested in the fund: the "New Enterprise Associates."

"Investing in climate tech is a must for us as a fund - and for the industry as a whole. Aside from the moral obligation we all share, there is obvious growth potential in the industry," says Oliver Holle, Managing Partner at Speedinvest. "The talent and entrepreneurial energy of an entire generation is now focused on developing the technologies that will ensure the survival of our planet. Supporting these innovators is what we want and need."

Speedinvest is a pan-European venture capital firm for early stage companies. Its portfolio already includes well-known companies such as Wefox, Bitpanda, Tier Mobility, Gostudent, Curve, Coachhub, Schüttflix, Tourradar, Adverity and Twaice.