{"id":102945,"date":"2024-07-08T16:47:00","date_gmt":"2024-07-08T14:47:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=102945"},"modified":"2024-07-08T15:06:05","modified_gmt":"2024-07-08T13:06:05","slug":"first-closing-green-european-tech-fund-receives-100-million-euros","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/102945\/first-closing-green-european-tech-fund-receives-100-million-euros\/","title":{"rendered":"First Closing: Green European Tech Fund receives 100 million euros"},"content":{"rendered":"
\n

The GET Fund invests in transformative green technologies across Europe. It focuses on Series A and B investments in startups in the energy, mobility, agriculture, food, and industrial sectors that aim to develop sustainable solutions and improve the environment. It seeks hybrid hardware-software solutions that are highly scalable and suitable for venture capital financing.<\/p>\n\n\n\n

The team and the fund itself are no strangers to the ecosystem. Under the name Munich Venture Partners (MVP)<\/a> They have been active as ESG and impact investors for over 15 years. With this experience behind them, the new fund is now classified as an Article 9 SFDR fund. This means that not only ecological and social aspects are taken into account, but an explicit sustainable investment objective is pursued. Financial products classified under Article 9 are also called dark green funds and are considered particularly sustainable. To achieve this, the GET fund integrates a scientifically sound impact framework based on the Triple Top Line<\/a>to align the environmental and social impacts of business models with the financial return expectations of venture capitalists.<\/p>\n\n\n\n

100 million euros from banks and businesses<\/h2>\n\n\n\n

With the first closing, the fund has now secured commitments totaling \u20ac100 million. Investors include the European Investment Fund (EIF), BNP Paribas, S\u00e4chsische Aufbaubank, the German energy provider Yippie, the automotive and mechanical engineering supplier Schaeffler, the Japanese chemical company Asahi Kasei, and the investment company Dr. Hettich.<\/p>\n\n\n\n

Niels Fehre<\/strong>, Head of Schaeffler Invest GmbH, explains:<\/p>\n\n\n\n

\n

"The GET Fund is a perfect fit for us as a Limited Partner because of its clear investment focus and robust sustainability assessment. Its approach to developing sustainable businesses that prioritize economic growth, social equity, and environmental responsibility is exactly what we need to drive positive change across the industry. Their commitment to these principles makes them an ideal partner for us."<\/p>\n<\/blockquote>\n\n\n\n

Also Marjut Falkstedt<\/strong>, Managing Director of the EIF, praises the fund\u2019s approach:<\/p>\n\n\n\n

\n

"At the EIF, we are committed to using our resources for a greener and cleaner future. With investments like this, we also aim to make a meaningful contribution to the EU's ambitious climate goals and, together with an experienced team, support innovative technologies that can drive the green transition."<\/p>\n<\/blockquote>\n\n\n\n

\n

"We are excited to embark on this journey with the strong support of our investors. Our focus on digitally enhanced cleantech solutions and our triple top line impact assessment put us in a unique position to deliver both financial returns and sustainable growth,"<\/p>\n<\/blockquote>\n\n\n\n

says Isabelle Canu<\/strong>, which, along with Martin Kr\u00f6ner, Florian L\u00f6bermann, and Michael Sailer, is one of the partners of the GET Fund. Beatrice B\u00f6hm and Julian Klaiber act as principals.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The Green European Tech Fund (GET Fund) has announced its first closing. Commitments total approximately \u20ac100 million.<\/p>","protected":false},"author":33,"featured_media":102947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,5635],"tags":[1701,4588,5150,2592],"acf":[],"yoast_head":"\nGET Fund: 100 Millionen Euro im First Closing - Munich Startup<\/title>\n<meta name=\"description\" content=\"Der Green European Tech Fund (kurz: GET Fund) hat sein First Closing bekanntgegeben. 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