At a Glance
- 2150 launches a new €210 million fund aimed at climate-smart startups in cities.
- The fund now manages €500 million and has 34 limited partners.
- Early investments include seven companies, with a target of 20 total, and checks of €5-6 million.
- Why it matters: Cities drive 80 % of global GDP and 70 % of emissions; targeting them could accelerate climate progress.
The latest round from the European venture firm 2150 signals a growing belief that urban environments can be both economic engines and climate solutions. By focusing on the infrastructure and services that keep cities running, the fund hopes to deliver business returns while cutting emissions.
New Fund Details
The €210 million second fund is backed by a mix of institutional investors and family offices, including Chr. Augustinus Fabrikker, Church Pension Group, the Danish sovereign fund EIFO, Fund of Funds Carbon Equity, Novo Holdings, Islandbridge Capital, Security Trading Oy, and Viessmann Generations Group. Christian Hernandez, co-founder and partner at 2150, said the new capital brings the firm’s assets under management to €500 million.
> “In total, the new fund has 34 limited partners,” Hernandez added.
Key Investors
| Investor | Type |
|---|---|
| Chr. Augustinus Fabrikker | Family Fund |
| Church Pension Group | Pension Fund |
| EIFO | Sovereign Fund |
| Fund of Funds Carbon Equity | Fund of Funds |
| Novo Holdings | Private Equity |
| Islandbridge Capital | Private Equity |
| Security Trading Oy | Trading Firm |
| Viessmann Generations Group | Family Office |
Current Investments
Since the fund’s launch, 2150 has invested in seven companies:
- AtmosZero – industrial heat pumps
- GetMobil – e-waste recycling
- Metycle – scrap and recyclable metals marketplace
- MissionZero – direct air capture
- Three unnamed startups
The firm plans to add 13 more companies, aiming for a total of 20 investments. Each check will range from €5 million to €6 million, with half of the fund reserved for follow-on rounds.
Investment Focus
> “Most startups we write checks to will be raising Series A rounds,” Hernandez said.
Future Focus: Data Centers, Automation, and AI
While AI is a hot topic, Hernandez notes it is more than a technology opportunity; it is a climate and societal lever.
> “The impact there is more societal than it is climate-related,” Hernandez said.
He highlighted demographic pressures in Europe, where an estimated 100 million people will age between now and 2040, and the Netherlands already has 50 % of its population over 50. Industrial automation can help keep these workers productive and fund pensions.
Jacob Bro, co-founder and partner at 2150, emphasized that cities rely on industry at the end of the day.
> “Cities are all supplied by large or small industries at the end of the day,” Bro said.
Impact and Outlook
2150’s portfolio companies reportedly mitigated one megaton of carbon emissions last year. Hernandez expressed confidence that a small venture capital fund can achieve megaton-scale impact in just four years.
> “The fact that a small venture capital fund can already get to the megaton-level scale in only four years, that level of impact, along with the commercial traction, makes me feel like we’re doing the right thing,” Hernandez said.
The firm’s strategy is to identify bottlenecks in the urban platform of prosperity-everything from resource consumption to waste-and invest in solutions that are cheaper, faster, and geopolitically independent.
Key Takeaways
- 2150 has raised a €210 million fund targeting city-based climate solutions.
- The fund now manages €500 million with 34 limited partners.
- Early investments include seven companies, with a target of 20 and checks of €5-6 million.
- Focus areas include data centers, automation, and AI, driven by both climate and demographic imperatives.
- Portfolio companies have already reduced one megaton of emissions, demonstrating tangible impact.
The firm’s approach underscores the belief that sustainable business practices can be profitable and that cities, as the engines of prosperity, are the most critical arena for climate action.
Event Announcement
San Francisco | October 13-15, 2026
2150 will host an event in San Francisco on the dates above to discuss its investment thesis and showcase portfolio companies.
