World Fund Successfully Closes €300M Climate Tech Fund Amid Challenging Environment

World Fund has successfully closed its €300 million climate tech fund, overcoming challenges in a difficult environment. Despite falling short of its target, the fund is still significant given the prevailing war and economic uncertainty. Backed by the European Investment Fund and several other influential investors, World Fund has already started investing in various European climate tech startups. The fund plans to make 25-30 investments, with a focus on decarbonization and hardware. its recent raise is timely as European climate tech startups have shown substantial growth, and valuations and patents are on the rise. Founded in 2021, World Fund has offices in Berlin, Munich, Cologne, and Amsterdam.