ETF Partners’ announces new £167m Environmental Technologies Fund
New fund, which will invest in companies “delivering sustainability through innovation”, will assess investment opportunities based on alignment with UN Sustainable Development Goals
ETF Partners has announced its third Environmental Technologies Fund, which has £167m to invest in UK and European startups focused on delivering “long-term and sustainable economic prosperity”.
This latest fund was raised from a combination of existing and new Limited Partners, including British Patient Capital and the European Investment Fund.
Investing in Series A rounds and beyond, the fund has already backed companies in a diverse range of innovative sectors including, smart mobility, ethical cybersecurity, microbiome AI and software, and energy efficient data centres.
The positive environmental effects of a near global lockdown have given fresh impetus to those who believe in the potential for businesses to lead the way in tackling climate change, and, in doing so, power a strong economic recovery.
ETF Partners assesses every potential investment through a “unique impact scorecard”, which rates hopeful companies on their potential for future impact, based on attributes such as alignment with UN Sustainable Development Goals, financial performance, and environmental impact.
Patrick Sheehan, managing partner at ETF Partners said: “Throughout this recent crisis, many digital companies have proved themselves to be robust, and they are also ‘scalable’ – able to grow fast in relatively capital efficient ways.
“So, by harnessing the right digital tools, the world can move quickly to achieve both sustainability and prosperity. That’s where we invest. By viewing the world through the lens of sustainability, we can see opportunities that may not be immediately obvious to all, but these companies can grow quickly to be large and significantly important.”
Catherine Lewis La Torre, CEO of British Patient Capital, said: “We find in ETF Partners a compelling approach to investing sustainably in a way which leverages key trends such as the accelerated adoption of digital technologies.
“Providing high-growth innovative businesses with the capital they need to scale-up rapidly and address emerging opportunities sits at the core of our investment strategy and is well aligned with our long-term vision for more home-grown companies to become influential players on the global stage.”