French climate investor SlateVC raises €132 million first close for inaugural growth fund

Slate Venture Capital, a Paris-based equity capital company committed to the environment change, has actually protected a EUR132 million very first close for its inaugural development fund concentrated on power and circularity.

Revealed financiers consist of the European Mutual fund (EIF), Bpifrance and the Fonds National de Endeavor Industriel (FNVI), taken care of by Bpifrance and gifted by the French federal government (France 2030), and BNP Paribas.

“ In a facility fundraising atmosphere, this very first close affirms a clear market signal: environment effect calls for range, and range calls for industry-leading competition. We are seeking to back European B2B firms where ecological efficiency drives premium system business economics, particularly in power change, low-carbon commercial procedures, and circularity,” stated Slate VC in a public declaration.

Task throughout 2025 and very early 2026, reveals ongoing funding development around European environment, power change and circular-economy financial investment approaches, supplying context for Slate Financial backing’s very first close.

In Northern Europe, Copenhagen-based Footprint Fund I (€76 million) introduced an early-stage lorry targeting environment and DeepTech firms throughout the area, while Munich’s Ananda Impact Ventures (€73 million first close) proceeded its impact-driven financial investment method with a solid environment part.

At the bigger end of the range, London-based 2150 Fund II (€210 million) increased a growth-stage fund concentrated on city systems, power and commercial decarbonisation, while Barcelona’s SC Net Zero Ventures I (€210 million) targeted scale-up funding for commercial environment modern technologies.

In parallel, the Netherlands saw ongoing task from Rubio Impact Ventures Fund III (€70 million) and Amsterdam-based CapitalT Fund II (€50 million first close), both backing climate-aligned development, while the UK’s Clean Growth Fund II (€56.8 million first close) enhanced financier assistance for power, round economic climate and built-environment modern technologies.

Taken along with Slate Financial backing’s raising in France, these news stand for about EUR900 million to EUR1 billion in divulged funding devoted to environment- and transition-focused endeavor approaches over the duration, underscoring continual institutional rate of interest in scalable company designs where ecological efficiency is connected to financial returns.

Established In 2023, SlateVC is an independent pan-European investment company managed by the French economic markets authority (AMF). The company purchases European B2B firms establishing modern technologies adding to the environment change.

Today’s very first close comes in the middle of, what the VC is defining, as a stagnation in endeavor fundraising and a review of environment approaches, with financiers prioritising company designs that provide clear financial returns along with effect.

SlateVC is led by 4 companions with histories extending entrepreneurship, equity capital, and commercial approach. Jointly, the group has actually finished greater than 150 endeavor financial investments.

The creators are:

• Clément Buyse, founder of PeopleDoc (gotten by UKG) and previous Vice-President of France Digitale
• Chloé Giard, previous financier at IdInvest and Eurazeo
• Sébastien Léger, previous Companion at McKinsey, where he led the Power and Environment
  techniques
• Renaud Visage, founder of Eventbrite (NYSE: EB) and previous Endeavor Companion at Index Ventures and Factor 9 Resources

SlateVC was developed to back the marketplace implementation and scaling of firms where ecological efficiency is driven by premium business economics– via reduced expenses, enhanced efficiency, and raised strength for commercial clients.

SlateVC’s very first fund purchases European B2B firms establishing equipment, software program and AI options in:

• power change
• low-carbon commercial procedures and products
• circularity and the source economic climate
• environment strength

The fund intends to back 15 to 20 firms with solid business energy that await worldwide development.

SlateVC has actually currently finished 2 keystone financial investments highlighting its financial investment thesis in 2025.

The fund co-led the Collection B of Fairmat, a French commercial business establishing recycled carbon- fiber composite products for the building, vehicle, and sporting activities markets, and led the Collection B of Resourcify, a German business establishing an AI-powered SaaS system that allows international companies optimize their circularity programs worldwide.

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