The European Investment Fund (EIF) announced today it would invest 40mn with Blume Equity.
Blume Equity backs companies focusing on decarbonisation as well as broader environmental sustainability.
EIF joins other Blume Equity investors, including Swedish pension fund AP4 and Visa Foundation.
This partnership will help us continue our profit with purpose mission to support entrepreneurs tackling the climate emergency.
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Climate tech investment pace has suffered along with other funding over the past year.
Meanwhile, the recent slowing down highlights the need for a diversification of funding sources.
This includes government agencies and alternative pools of capital, such as pension funds.
Innovation in all sectors of our economy and cutting-edge technology will play a major role in achieving it.
Story byLinnea Ahlgren
Linnea is the senior editor at TNW, having joined in April 2023.
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