The European Investment Fund (EIF) is investing €40m into a London, UK- and Amsterdam, The Netherlands-based climate tech growth equity fund Blume Equity.
EIF joined an investor base that includes AP4 (the Swedish National Pension Plan), Visa Foundation, Impact Engine (a US impact fund-of-funds programme) and other institutional investors who want to invest into the next generation of European climate tech companies.
Established by Clare Murray, Eleanor Blagbrough, and Michelle Capiod, Blume Equity is a climate tech growth firm that invests in companies supporting the transition to a low carbon economy and a more sustainable environment. The funds will be deployed across Europe.
Recent investments include:
- Sensorfact, a provider of Internet of Things (IoT) data solutions to enable industrial SMEs to be more resource efficient;
- Normative, a carbon accounting platform focusing on Scope 1, 2 and 3 emissions for large enterprise clients;
- Matsmart-Motatos, a company tackling food waste from fast-moving consumer goods; and
- Aerones, a leader in robotic inspection and maintenance services to the wind turbine industry.
The EIF’s financing into Blume Equity comes from the EIF, the InvestEU programme, and a regional mandate from The Netherlands (the Dutch Future Fund).