360 Capital announces the 1st closing of its €140 million climate tech fund 360 LIFE II

Paris-based equity capital company 360 Capital simply introduced the very first closing of its EUR140 million environment technology fund, 360 LIFE II. The brand-new fund intends to reach its target of EUR200 million by involving vital commercial companions and institutional financiers. At the helm of 360 LIFE II will certainly be companions Cesare Maifredi, Alexandre Mordacq, Alessandro Zaccaria and Thomas Nivard.

A2A, as support capitalist and commercial companion, has actually designated EUR40 million, proceeding the course launched with the launch of 360 LIFE I in 2020– where it worked as the only capitalist with a dedication of EUR25 million. This campaign even more prolongs the Team’s financial investment technique, committed to progressing brand-new innovations in the round economic climate and power shift.

CDP Financial Backing, with the International Fund of Finances and the Eco-friendly Shift Fund– PNRR, which makes use of sources designated by the EU under the NextGeneration EU campaign, has actually dedicated a total amount of EUR44 million as an economic support capitalist to sustain the
facility of the brand-new fund.

The fund likewise consists of, at closing, De Nora as support capitalist and commercial companion with a dedication of EUR10 million and Bpifrance as institutional companion.

360 LIFE II intends to purchase pan-European Collection A and B start-ups concentrated on 3 vital locations: power shift (e.g. renewable resource, power storage space, hydrogen), round economic climate (e.g. waste decrease, blue economic climate, natural deposit security) and city sustainability (e.g. contamination decrease, web– no services, clever framework)

Cesare Maifredi, Companion at 360 Resources, commented: ” Multidisciplinary deeptech start-ups provide the finest possibility to provide genuinely transformative services to environment modification. At 360, we have actually invested over a years making vibrant financial investments in frontier innovations, never ever avoiding equipment or complicated engineerin g difficulties. We’re happy to back visionary creators leading the environmental shift with development technologies. Buying these industries needs strong competence, which is why we team up with commercial companions like A2A and currently De Nora. This brand-new fund stands for one more possibility to match our search of solid monetary returns with a concrete dedication to constructing a lasting and resistant future.”

Developed in 1997, 360 Resources has actually developed a credibility as an introducing equity capital company within Deep Technology and Environment Technology domain names. With a profile that consists of high– development business like Exotec (France’s very first commercial unicorn), Preligens (gotten by Safran), and Alsid (gotten by Tenable), the company has actually finished 28 departures given that 2018. With workplaces in Paris and Milan, 360 Resources has a profile of over 60 business and a group of over 25
specialists.

With the financial investment in 360 LIFE II, A2A validates its cooperation with 360 Resources and reinforces its duty as a principal in the Italian and European advancement ecological community, intending to sustain brand-new start-ups in the environment technology market, according to the objectives of the 2035 Industrial Strategy concentrated on environmental shift or for lasting competition. By purchasing 360 LIFE II and functioning very closely with the 360 Resources group, De Nora intends to determine and boost turbulent innovations in the environment technology market, establishing commercial and R&D harmonies, and even more reinforcing its payment to the i nnovative development of the industries in which it runs.

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