Dutch impact investor Invest-NL invests €10 million in Extantia Capital, a climate-first venture capital firm. Extantia is also backed by investors such as Anglo American, Toyota Ventures (which invested in May Mobility), and top-tier family offices such as the Piëch and Oldendorff families. This investment follows the €300 million fund raised in 2022 to back climate tech companies.
Extantia’s unique strategy and already existing strong relationships in the Netherlands create a significant alignment of interest and enabled Invest-NL to pursue this investment. The investment underscores Invest-NL’s commitment to invest towards building a sustainable future for all and strengthening the Dutch high tech sector.
Extantia Capital will use the capital to invest in early-stage startups focused on developing deep technologies across energy, industrial processes, buildings, transportation and carbon removal in the Netherlands and elsewhere in Europe.
Ruud Zandvliet, Principal Energy at Invest-NL stated: “Our commitment to Extantia aligns with our strategic objective to organise financing for capital intensive and impactful ventures. Extantia’s scientifically grounded approach to assessing impact ventures, coupled with robust operational support, will strengthen the Dutch investment landscape. We are enthusiastic about Extantia’s potential to broaden the range of funding opportunities for hardware-based ventures in the Netherlands.”
“We really enjoy working with value-add investors and believe that Invest-NL’s very progressive mandate is an example to follow,” said Sebastian Heitmann, Partner at Extantia. “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.”
Brings decarbonised world to reality
Led by partners Joern-Carlos Kuntze, Yair Reem, Sebastian Heitmann, Oliver Schwarzer and Torben Schreiter, Extantia Capital is headquartered in Berlin with local presence throughout Europe. It is a climate-first venture capital firm accelerating the path to a decarbonised world. Extantia unites mission-driven entrepreneurs, scientists, investors, and business leaders to advance the transition.
The platform includes Extantia Flagship, a fund backing scalable deep decarbonisation companies, Extantia Allstars, a fund-of-funds investing in climate venture capital funds, and Extantia Ignite, a sustainability hub advancing knowledge and competence in climate innovation and ESG practices.
Extantia uses comprehensive methodology to verify that new technologies do no harm and avoid negative impacts on the environment and society. Notable portfolio companies include MAGNOTHERM, H2Pro, INERATEC, GA Drilling, BeZero, and Reverion.