Paris-based enterprise capital agency 360 Capital simply introduced the primary closing of its €140 million local weather tech fund, 360 LIFE II. The brand new fund goals to achieve its goal of €200 million by participating key industrial companions and institutional traders. On the helm of 360 LIFE II might be companions Cesare Maifredi, Alexandre Mordacq, Alessandro Zaccaria and Thomas Nivard.
A2A, as anchor investor and industrial associate, has allotted €40 million, persevering with the trail initiated with the launch of 360 LIFE I in 2020 — the place it served as the one investor with a dedication of €25 million. This initiative additional extends the Group’s funding technique, devoted to advancing new applied sciences within the round financial system and power transition.
CDP Enterprise Capital, by way of the Worldwide Fund of Funds and the Inexperienced Transition Fund – PNRR, which makes use of assets allotted by the EU underneath the NextGeneration EU initiative, has dedicated a complete of €44 million as a monetary anchor investor to assist theestablishment of the brand new fund.
The fund additionally consists of, at closing, De Nora as anchor investor and industrial associate with a dedication of €10 million and Bpifrance as institutional associate.
360 LIFE II goals to spend money on pan-European Sequence A and B startups targeted on three key areas: power transition (e.g. renewable power, power storage, hydrogen), round financial system (e.g. waste discount, blue financial system, pure useful resource safety) and concrete sustainability (e.g. air pollution discount, internet – zero options, sensible infrastructure)
Cesare Maifredi, Companion at 360 Capital, commented: “Multidisciplinary deeptech startups supply one of the best likelihood to ship actually transformative options to local weather change. At 360, we’ve spent over a decade making daring investments in frontier applied sciences, by no means shying away from {hardware} or advanced engineerin g challenges. We’re proud to again visionary founders main the ecological transition by way of breakthrough improvements. Investing in these sectors requires strong experience, which is why we collaborate with industrial companions like A2A and now De Nora. This new fund represents one other alternative to pair our pursuit of sturdy monetary returns with a tangible dedication to constructing a sustainable and resilient future.”
Established in 1997, 360 Capital has constructed a repute as a pioneering enterprise capital agency inside Deep Tech and Local weather Tech domains. With a portfolio that features excessive – development corporations like Exotec (France’s first industrial unicorn), Preligens (acquired by Safran), and Alsid (acquired by Tenable), the agency has accomplished 28 exits since 2018. With places of work in Paris and Milan, 360 Capital has a portfolio of over 60 corporations and a staff of over 25professionals.
With the funding in 360 LIFE II, A2A confirms its collaboration with 360 Capital and strengthens its function as a key participant within the Italian and European innovation ecosystem, aiming to assist new startups within the local weather tech sector, in step with the objectives of the 2035 Industrial Plan targeted on ecological transition as a alternative for sustainable competitiveness. By investing in 360 LIFE II and dealing carefully with the 360 Capital staff, De Nora goals to establish and improve disruptive applied sciences within the local weather tech sector, creating industrial and R&D synergies, and additional strengthening its contribution to the i nnovative development of the sectors through which it operates.
