London VC 2150 closes €210 million Fund II, bringing AUM to €500 million in order to scale climate-driven urban systems

British Venture firm 2150 today announced the final close of its €210 million second fund, bringing total AUM to €500 million – continuing their focus on backing technology companies seeking to reshape our cities and the industries that power them.

Investors include Viessmann Generations Group, Chr. Augustinus Fabrikker, Novo Holdings, the Danish sovereign fund EIFO, Security Trading Oy,  Islandbridge Capital, Fund of Funds Carbon Equity, and the US-based Church Pension Group.

Christian Jolck, 2150 co-founder and Partner, says: “Four years after unveiling 2150 we have raised €500 million, invested into 27 companies and mitigated over a megatonne of CO2e per year. Our exceptional founders are building companies of scale with an aggregate revenue of over $1 billion and over 4,500 employees.”

This final close of 2150’s Fund II sits within a broader pattern of capital formation in European climate, energy and industrial decarbonisation investing during 2025 and 2026, as reported by EU-Startups.

Comparable activity includes Berlin-based Future Energy Ventures, which closed a €205 million second fund focused on energy transition technologies, and Barcelona-headquartered Suma Capital, which raised €210 million for its SC Net Zero Ventures I fund targeting industrial decarbonisation and related infrastructure.

Alongside these larger vehicles, EU-Startups has also highlighted mid-sized and early-stage funds such as Índico Capital Partners, which launched a €125 million Fund III with a remit that includes climate-adjacent technologies, and Rubio Impact Ventures, which closed a €70 million impact-focused fund with climate as a core theme.

At the company level, funding rounds such as Spark Cleantech’s €30 million raise for clean industrial energy solutions illustrate parallel deployment of capital into operating businesses.

Taken together, these announcements represent approximately €640 million in disclosed funding commitments across funds and startups in adjacent sectors, highlighting the scale of capital flowing into urban, energy and industrial climate technologies over 2025 period.

“For Fund II, we have continued to partner with leading institutional investors across Europe, North America, and Asia, and who have invested in this category for multiple cycles. This combination gives us strong conviction in 2150’s ability to deliver attractive long-term returns and a long-standing investment platform,” adds Christian.

Founded in 2019, 2150 is a VC firm investing in technology companies that are redefining cities and the industries that sustain them. Built on the belief that cities drive the majority of global prosperity and represent the greatest opportunity for sustainable progress, 2150 backs founders developing solutions across energy, industrial decarbonisation, advanced manufacturing, mobility solutions, and urban systems.

Since raising its first fund in 2021, 2150 has executed on its thesis that cities generate 80% of the world’s prosperity and that new technologies are converging to ensure urbanisation finally becomes sustainable for both people and the planet.

To date, 2150’s twenty seven portfolio companies have combined annual revenues in excess of (€844 million) $1 billion, employ over 4,500 globally, and report climate impacts measured at megatonne scale.

2150’s portfolio includes energy, cooling, lower-carbon cement, biodiversity monitoring, industrial heat, critical minerals, urban mobility and circular economy.

Fund I portfolio companies include:

• Pan-European home energy platform 1Komma5º
• E-mobility leasing and battery-swapping network Vammo
• Ultra-efficient cooling tech company Blue Frontier.

Meanwhile, momentum is already underway from Fund II, with completed investments in electrified industrial heat pump manufacturer AtmosZero, refurbished electronics marketplace GetMobil, metals recycling and trading platform Metycle, versatile direct air capture platform Mission Zero Technologies and three further unannounced investments.

EU-Startups covered 2150 prior to this Fund II announcement, including its inclusion in a 2025 editorial feature on Europe’s leading sustainability-focused venture capital firms, where the firm’s focus on urban and climate-driven technologies was highlighted.

In addition, EU-Startups published a podcast interview in 2024 with Peter Hirsch, Head of sustainability at 2150, discussing the firm’s approach to impact measurement and long-term climate investing.

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