A new VC fund, “
2150“, is launching with the first close of a ˆ200m ($240m) fund which will back technologies aimed largely at reducing the carbon footprint of cities. For example, startups that inject carbon into concrete, or monitor the energy of buildings. The final close is anticipated by mid-2021.
The advisory board for 2150 comprises the former chief sustainability officer in the Obama administration and renowned urbanist and academic, Richard Florida. 2150 is based around the idea that
half of the world’s population lives in cities, and this will increase to two-thirds by 2050, creating a growing environmental impact that the world can ill-afford, given the climate crisis.
Based across London, Copenhagen and Berlin, the fund’s Limited Partners include a mix of institutional capital and family offices including Chr. Augustinus Fabrikker, Denmark’s Green Future Fund and Novo Holdings. 2150 says it has other LP partners who are building or managing “over 16 million square meters of real estate”, who will come in handy, kicking the tires on the efficacy of 2150 investments. The anchor funding has come from
NREP, a sustainable real estate fund manager with a large Northern European footprint and platform.
