SlateVC closes €132M climate tech growth fund
European venture capital firm SlateVC has closed a new €132 million fund aimed at backing the next generation of energy efficiency and climate tech scale-ups. The vehicle targets companies that have moved beyond early proof-of-concept and are ready to commercialise solutions at industrial and global scale.
The fund arrives as governments and corporates accelerate their net-zero commitments, but still struggle to deploy mature technologies fast enough across buildings, transport and heavy industry.
Backing the scale-up phase of decarbonisation
SlateVC will focus on late seed to Series B rounds, where capital-intensive climate companies often face a funding gap between early-stage investors and large infrastructure funds. The firm plans to lead or co-lead rounds in European and transatlantic startups with validated technology and clear pathways to revenue.
Priority areas include grid optimisation, industrial energy efficiency, electrification, battery storage, heat management and carbon management technologies. The fund will also look at enabling software platforms that help enterprises measure, manage and reduce emissions.
Institutional LPs bet on climate resilience
The €132M fund is backed by a mix of institutional investors, family offices and corporate strategics seeking exposure to climate resilience and the transition to a low-carbon economy. For limited partners, the thesis combines long-term impact with the potential for outsized returns as decarbonisation becomes a core driver of industrial transformation.
SlateVC positions itself as a hands-on partner, promising portfolio companies support in regulatory navigation, industrial partnerships and international expansion. By concentrating on the scale-up phase, the firm aims to accelerate the deployment of proven solutions that can cut emissions at gigaton scale and reduce energy costs for businesses and cities.
The new fund underlines how climate tech has shifted from a niche segment to a central theme in European venture capital, as investors race to finance the infrastructure and software backbone of the clean energy transition.