Dutch impact investor Invest-NL has invested €10M in Extantia Capital, a climate-first venture capital firm headquartered in Berlin.
This investment highlights Invest-NL’s commitment to building a sustainable future while strengthening the Dutch high-tech sector.
Extantia Capital has a unique investment strategy and strong relationships in the Netherlands. It is also backed by Anglo American, Toyota Ventures, and other prominent family offices, such as the Piëch and Oldendorff families.
These factors, combined with Extantia’s focus on accelerating the transition to a decarbonised world, made it an attractive investment for Invest-NL.
“Our commitment to Extantia aligns with our strategic objective to organise financing for capital intensive and impactful ventures,” says Ruud Zandvliet, principal energy at Invest-NL.
Working together for a greener earth
Since 2020, Amsterdam-based Invest-NL has been helping businesses that bring major societal transitions to the Netherlands. Extantia falls under its key areas of focus, which include a sustainable and circular economy, accessible healthcare, and deep tech innovations.
Previously, Invest-NL backed Belgium-based Astanor Ventures, an impact investor in the agri-food sector. The institution invested €5M in the round, helping Astanor support early-stage companies that offer solutions to social or environmental challenges.
“We are enthusiastic about Extantia’s potential to broaden the range of funding opportunities for hardware-based ventures in the Netherlands,” says Zandvliet.
.”The collaboration has been off to a good start, and we see plenty of opportunities to work with Dutch entrepreneurs. Building on the strong high-tech foundation in this region, we are excited to back the next generation of founders developing sustainable infrastructures,” says Sebastian Heitmann, partner at Extantia.
How Extantia reduces carbon emissions
According to Extantia, global annual emissions produce about 50 billion tonnes of greenhouse gases. Seventy per cent come from energy (electricity, fuel, and heat), while another 20 per cent come from food and land use. The rest is split between industrial processes (cement, steel, chemicals) and waste.
The carbon footprint of all these sectors needs to be significantly reduced to achieve net zero emissions by 2050. This requires a fundamental transformation of the global economy.
This is why Extantia Capital aims to bring together all market players and develop tools to accelerate the transition to a sustainable economy. From mission-driven entrepreneurs, scientists, and investors to business leaders, they collaborate to accelerate the transition to a decarbonised world through its “Net-Zero Circle”, a community of individuals with a shared passion for climate action.
In 2022, Extantia launched its platform. It includes three key components: Extantia Flagship, Allstars and Ignite.
Extantia Flagship is a venture fund that backs scalable deep decarbonisation technology companies. It is the firm’s direct investment strategy.
Meanwhile, Extantia Allstars is a fund-of-fund that invests in global climate tech venture capital funds. Allstars aims to establish an ecosystem of climate fund managers who can share their experience and knowledge to help accelerate the transition. However, Extantia believes it is also a low-risk way to start a financial climate journey for new investors.
Lastly, Extantia Ignite is a sustainability hub that fosters knowledge and skills in climate innovation and ESG practices.
Extantia Capital conducts a rigorous Carbon Math assessment before investing in any company to ensure that its investments have a significant and timely impact on reducing emissions. It uses a comprehensive methodology to verify that new technologies do not harm the environment or society.
Some of Extantia Capital’s notable portfolio companies include Magnotherm, H2Pro, Ineratec, GA Drilling, BeZero, and Reverion.
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