COREangels Climate, the investment vehicle dedicated to early-stage climatetech technologies, announces the results of its first year of activity in Italy. The vehicle has invested in companies that collectively predict a CO2 reduction and sequestration impact of more than 1 Gton, outlining a greener future for our planet. The vehicle stands out for its investment strategy aimed at Southern Europe, where it collaborates with international funds, selecting companies with a strong potential to impact climate change and the transition to a zero-carbon economy.
COREangels, supported by family offices and individuals from Italy, Spain, Portugal and the Netherlands, announces the addition of two more strategic investments by the end of the year and plans a further ten investments for 2024, further consolidating its presence in Spain, Portugal and Italy.
Investments made
Federico Giannetti, co-founder and managing partner of COREangels Climate, says in a statement: “In light of the historic agreement reached at COP28 in Dubai, which envisages a transition away from fossil fuels by 2050, our commitment takes on an even deeper meaning. We have created a unique network of South European investors, which actively supports innovative companies in our territory. These companies are not only growing at an accelerated pace in sectors that have traditionally dominated Northern Europe, but they are also making a concrete contribution to the reduction of CO2 emissions, with a potential that goes far beyond current forecasts.”
Since the start of its operations in March 2023, COREangels Climate has seen rapid development and growth. Significant public investments include: The Italian Wsense innovating underwater communication technology for environmental monitoring, which recently closed a €9 million Series A funding round, strengthening its position in the market and expanding its technological innovation capabilities; The Spanish Strong by Form , which is introducing ultra-light biocomposites high-performance, wood-based technology capable of replacing steel and cement that promises to revolutionize the construction industry, and here COREangels participated in the €5 million seed round; and, also based in Spain, Energiot, a pioneer in the monitoring of energy infrastructures, whose innovative solutions are helping to improve the efficiency and sustainability of energy transmission grids.
“For the next investments – adds Giannetti – we will continue with our strategy of participating in rounds with an average ticket of about 100 thousand euros”. (Photo by Karsten Würth on Unsplash)
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