Observed Signal · Sep 9, 2026 · Funding · Source: EU-Startups (European Venture) · Impact: 2/5 · Sentiment: Positive
European VCs Raise Funds for Climate and Water Startups
EU-Startups highlights ten European venture capital firms that have announced new funds in 2026 focused on climate, water, and sustainability. The funds range from a €10 million cornerstone investment by PureTerra Ventures for its WaterTech Fund II to a €210 million final close by 2150 for its second urban systems fund. Other firms include VitaminºC, Climentum Capital, Norrsken Evolve, Ananda Impact Ventures, The Footprint Firm, Clean Growth Fund, Emerald Technology Ventures, and Slate Venture Capital. The article provides details on fund sizes, target amounts, and investment focuses, reflecting a growing trend in climate-tech investing across Europe.
This article is a roundup of multiple VC fund raises, not a single industry-shifting event. It is relevant to the AdTech/MarTech ecosystem only tangentially through climate tech, but the core focus is on general climate and sustainability investments, which are not directly related to advertising technology.
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Key Takeaways & Evidence Grounding
- PureTerra Ventures launched WaterTech Fund II with a €10 million cornerstone investment from Invest-NL, targeting €150 million total.
- VitaminºC announced an €18 million first close for its debut climate fund, targeting a final size of €43 million.
- Climentum Capital reached a €60 million first close for Fund II, targeting €100 million.
- Norrsken Evolve reached a €62 million final close for its fund, above its original €40 million target.
- 2150 completed a €210 million final close for its second fund, bringing its AUM to €500 million.
Ontology Mapping & Concepts
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