Investment & Fund Management
The European Investment
Full Credential Description
The European Investment Fund (EIF) has committed 30 million to Wind II, an early-stage fund focused on developing climate adaptation solutions for essential services and infrastructure. Wind II, which aims to raise a total of 130 million, is designed to invest in early-stage tech companies across Europe that are addressing critical areas such as food and air quality, mobility, energy, construction, and security. This initiative is particularly relevant as the effects of climate change on these sectors become increasingly pronounced.
Wind II's strategy aligns with the European Union's Taxonomy for climate mitigation and adaptation, supporting the objectives of the European Green Deal. The fund plans to invest in approximately 30 startups, with individual investments ranging from 500,000 to 5 million. To date, Wind II has already backed three innovative companies: Eclipse, which focuses on energy storage solutions; Sopht, specializing in green IT; and Entroview, which develops battery diagnostics for gigafactories and automobile manufacturers.
The EIF's investment is part of a broader commitment to support sustainable innovations that can help industries transition to greener practices. This partnership not only enhances Wind's capacity to drive technological advancements but also positions it strategically within the growing market for climate adaptation solutions, which is expected to yield quicker exits and higher valuations compared to traditional business models. The final closing of Wind II is anticipated in 2025, allowing for the inclusion of new strategic investors in this promising venture.