The new Green European Tech (GET) fund from Munich Venture Partners (MVP) and French venture capital investor Demeter focuses on startups developing transformative technologies for a sustainable future. The self-declared goal of the Franco-German initiative is to combat climate change through technological transformation of value chains in the energy, construction, industry, resource management, and mobility sectors.
Martin Kröner, Managing Partner at MVP, explained:
"Climate change poses the greatest challenges of the 21st century. At the same time, it offers startup founders the opportunity to build growth companies based on new technologies. We want to support these companies in harnessing their potential to transform established industries and establish a new generation of European champions."
250 million euros for the Green European Tech Fund
To this end, the GET Fund is targeting a volume of €250 million, with a potential increase to €400 million through the Late-Stage Venture Initiative supported by the French government. The money will be invested in European startups in the growth phase. Gonzague Dejouany, Partner at GET, says:
"This collaboration between French and German venture capitalists is unique. For investors, the GET fund offers an attractive opportunity to achieve significant return potential while also contributing to ecological prosperity."
Many years of experience with greentech investments
Both MVP and Demeter have long focused on the greentech sector. For 15 years, the Munich-based company has focused its investments on solutions for sectors whose value chains have the highest CO2 emissions: energy, mobility, agriculture and food, and industrial technologies. Demeter, in turn, is considered one of the largest European players in venture capital, private equity, and infrastructure for ecological transition. Demeter funds invest between €1 million and €30 million to support companies and projects in this sector. The Demeter team manages €1 billion and has completed 180 investments in 14 years. Yann Lagalaye, Partner at Demeter, commented:
"We are pleased to announce this partnership between MVP and Demeter. Combining the experience and expertise of both partners will strengthen the European venture capital ecosystem and enable us to support European startups in rapidly scaling in France, DACH, and other European markets."
