NextStep, NextEnergy Group’s venture capital fund dedicated to the capitalisation and growth of innovative start-ups in the field of sustainability, announces the doubling of its capital to a total value of EUR 6.4 million.
The operation represents a step forward for the Group, which strongly desired the creation of a fund aimed at supporting sustainabletech start-ups, whose field of application is environmental sustainability in the broadest sense of the term, and which now personally involves its employees in the creation of corporate value: in fact, the operation was made possible by NextEnergy and its team members, who invested an additional €3.2 million, enabling it to promote innovation and accelerate programmes aimed at global energy transition.
The fund’s new capacity will allow NextStep to further expand its portfolio, financing sustainable solutions and emerging technologies with high innovative impact in several key areas: energy efficiency and renewables; sustainable mobility; circular economy; waste management; energy storage; water efficiency; regenerative agriculture and naturetech.
“Two years after NextStep’s inception, we have closed 14 investments, totalling EUR 1.5 million, in pre-seed and seed stage start-ups. Thanks to the steady growth of our portfolio and the trust placed in the ability and resourcefulness of young entrepreneurial realities that have emerged from incubators and accelerators, NextEnergy Group has decided to continue its commitment and double the size of the fund, thereby fostering a positive impact on the sustainable growth of the sustainabletech scene. Thanks to the doubling of the fund, we will intensify our search for new investment opportunities, always working closely with young entrepreneurs, researchers and innovators eager to come up with cutting-edge ideas,’ says Claudio Colombo, managing director of NextStep, in a note.
With this increase in capital, NextEnergy Group reaffirms its commitment to contribute in an innovative way to the realisation of global sustainable development goals: ‘We are proud to announce the doubling of the NextStep fund, which aims to support start-ups that can make a difference in different sectors, but linked to sustainability goals. We want to strengthen our commitment by keeping our strategy focused on identifying investment opportunities that not only offer growth potential, but are in line with our values of sustainability and concrete positive impact,’ adds Aldo Beolchini, managing partner and chief investment officer of NextEnergy Group. (photo by Noah Buscher on Unsplash)
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