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ETF Digest

ETF Partners announces oversubscribed fourth fund!


21 May 2024

Europe’s original Impact and Sustainability Investor - ETF Partners, the Environmental Technologies Fund - announces oversubscribed fourth fund

• ETF Partners is catalysing the next revolution in sustainable innovation
• LPs backing imperative of tackling climate emergency through their support of the fund

LONDON, May 21st, 2024: ETF Partners, Europe’s original sustainable venture capital firms, has announced the completion of fundraising of its fourth fund. The fund was oversubscribed at €285m, compared to its target size of €250m. The fund invests in fast-growing innovative companies across Europe that deliver positive environmental impact.

Patrick Sheehan, Co-Founder and Managing Partner at ETF Partners, said, “Climate change is threatening life as we know it, as massive problems arise around the world. There is a clear need to back entrepreneurial businesses developing innovative solutions that can address these challenges. Fortunately, we see many fantastic teams, right across the European continent, delivering exciting innovations that can make a difference today. We want to support these teams to rapidly scale their companies, so they can be both commercially successful and become leaders in changing our world for the better”.

ETF’s Fund 4 has already made investments in a number of exciting companies, such as AIPERIA, Dexter, Fairly Made, Hellas Direct, Net Purpose, Open Cosmos. At the time of the initial investments, all of the companies had significant revenue, and they continue to demonstrate solid growth, as they work to solve a variety of environmental challenges.

The fund is supported by leading institutions, including the European Investment Fund and British Patient Capital. Christine Hockley, Managing Director for Funds, British Patient Capital, at British Patient Capital, said, “We are delighted to be investing in ETF Partners’ Fourth Fund as they look to support the new wave of innovative digital businesses which are tackling sustainability and climate related challenges. The ETF team bring the experience and sectoral expertise required to support climate tech companies as they scale-up.”

ETF’s fund-raising success is notably impressive against the backdrop of a challenging fundraising environment for many asset managers. The oversubscription of the fund underscores the growing reputation of ETF Partners as a leader in sustainable investing, and the growing institutional interest in funding solutions that help to address the climate emergency.

Rob Genieser, Managing Partner at ETF Partners, said, “We have focused on sustainable investing for eighteen years. Entrepreneurs appreciate our commitment, and they want to partner with us to create climate champions. We want to back leaders driven by a strong sense of purpose, and we hope they in turn appreciate our values and culture. We have a reputation for being mission driven, experienced and supportive of our teams. We have also had success, as measured by the strong growth of our existing portfolio, such as demonstrated by The Modern Milkman, Zeelo and Hellas Direct who were all named in the FT1000*. We have also posted a number of recent exits, including DeepSea Technologies’ sale to the Japanese technology leader Nabtesco, and Greenbird Integration Technology’s acquisition by GE Vernova, QOS Energy’s acquisition by Envision Digital, and Telensa’s sale to Signify Holding BV. What all these companies share is that they are using digital technology to make a positive environmental impact, quickly”.


Notes to editors
*FT1000 2024

For further information, please contact:
Courtney Glymph
Head of Communications, ETF Partners

About ETF Partners
Founded in 2006, ETF Partners (The Environmental Technologies Fund) stands as Europe’s original venture capital firm dedicated to sustainability and impact investing. Over the course of more than fifteen years, we have established a leading position in promoting sustainability through innovation.

ETF Partners is founded on the conviction that entrepreneurship and innovation are critical in addressing the global challenges presented by the climate crisis. We are committed to fostering and supporting Europe’s ecosystem of pioneering entrepreneurs who are creating the innovative solutions capable of making a profound environmental impact.

We believe in the transformative power of aligning profit with purpose in order to build a more sustainable future. For additional information about our investment thesis and approach, please click HERE.