Nine Realms Secures €50 Million Investment from EIF to Decarbonize Supply Chains
Investment to Support Early-Stage Climate Tech Companies
Key Points:
*- EIF signs a €50 million participation in Danish VC Nine Realms' latest fund.
- The fund targets early-stage climate tech companies.
- Nine Realms aims to decarbonize supply chains through investments in innovative startups.
The European Investment Fund (EIF) has announced a significant investment in Danish venture capital firm Nine Realms. The €50 million participation will support Nine Realms' latest fund, which focuses on investing in early-stage climate tech companies.
Nine Realms' mission is to accelerate the transition to a low-carbon economy by investing in startups that develop innovative solutions for decarbonizing supply chains. The firm's portfolio includes companies such as Cogo, a provider of sustainable packaging solutions, and EnGreen, a developer of AI-driven energy optimization software.
The investment from EIF is a testament to Nine Realms' track record of success and its commitment to supporting the growth of climate tech companies. The fund has a strong focus on impact investing, and it measures the environmental impact of its investments against the UN's Sustainable Development Goals.
Nine Realms' Managing Partner, Marjut Falkstedt, welcomed the investment from EIF, saying, "This partnership with EIF is a major milestone for Nine Realms and a strong endorsement of our mission to decarbonize supply chains. The investment will allow us to scale up our activities and support even more climate tech startups."}}