Amsterdam’s growth-stage VC firm Global Cleantech Capital closes Fund III at €66M

Global Cleantech Capital, an Amsterdam-based growth-stage venture capital firm, announced on Tuesday that it has closed its GCC Fund III (The Fund) at $75M (approx €66M). The Fund was backed by an investor base that includes endowments, foundations, family offices, and high-net-worth individuals. 

Paul Kloppenborg, CEO and Partner of GCC, says, “We are honoured to partner with top-tier investors, who share our vision of building market leaders in the new, clean economy and value our experience through the cycle of clean energy and impact investing. By having the option to deploy more capital through co-investment, our investors are key partners in helping our portfolio companies scale.”

The Dutch VC focuses on high-growth, high-impact companies in Europe and North America that apply new technologies in sectors such as clean energy, mobility, smart cities, and fintech sector. 

As of now, the company has already invested 30 per cent of the funds. Current portfolio companies include:

• Nacero – Reduces lifecycle transport emissions by 50 per cent through drop-in lower-carbon fuels to displace oil-based fuels at scale
• Lake Parime – A technology firm building computing systems powered by redundant renewable energy
• Crowdz – A company that operates a marketplace to source low-cost working capital for SMEs and improve access to finance for diverse-owned businesses
• Railsbank – A company that offers a range of embedded finance services that can, among other things, enable ESG-linked financial products 

Global Cleantech Capital Global Cleantech Capital: What you need to know

Founded by Kloppenborg, Christie Franchi and Joris Vos, the GCC team has invested over $900M (approx €792M) over the last 20 years, and claims to be delivering attractive returns paired with ESG impact.

Beyond fund commitments, GCC helps the portfolio companies by sourcing debt and co-investment equity. Global Cleantech Capital is domiciled in the Netherlands and registered with the Dutch Authority for the Financial Markets (AFM).

Christie Franchi, a Partner, says, “Our portfolio companies have exceptional CEOs, with ambitious plans to become leaders in decarbonising key emitting sectors or use finance to incentivise ESG, often leveraging industry infrastructure ‘hiding in plain sight’ for faster, cheaper scaling.”