Vilnius-based Contrarian Ventures, an early-stage climate technology investor, announced on Wednesday that it has launched a €100M climate-tech fund to solve the funding gap for seed-stage climate founders in Europe.
The Lithuanian company also announced its intention to expand across Europe, with bases in London and Berlin.
Contrarian Ventures co-founder Rokas Peciulatis says, “We are the climate generation. We’ve never known a world where global warming hasn’t been a spectre, yet we’re the first to have the knowledge, expertise, and tech to drive real change. But we must focus on the world in 2050, not just 2030. Climate tech will be one of the most lucrative and important investment opportunities for the next 30 years, but European entrepreneurs are still heavily underfunded and underrepresented at the Seed stage. That’s why we’re launching today’s fund to close this funding gap for future climate-tech founders and mobilise the resources needed for climate action while continuing to build a firm that becomes the top choice for climate tech entrepreneurs.”
The VC aims to become an impactful player in the climate tech sector and is looking to triple the size of its team by expanding its investment team and adding roles, including market research and platform management.