Elbow Beach, a London-based specialist climate impact Seed investor, has launched a new Climate Impact Fund 2 with €95.5 million.
The fund has secured commitments for €75.2 million, including up to €59.6 million from the British Business Bank.
The fund's strategy is to invest in technologies that improve efficiency and have a positive climate impact.
The fund aims to support 36 early-stage British startups over the next 4 years, focusing on technologies that enable industries to become more efficient and transition to low carbon operations.