Munich Venture Partners and Demeter launch the Green European Tech venture capital fund: A joint French-German initiative to invest in European scale-up companies
Munich Venture Partners (MVP) and Demeter are pleased to announce the setup of a joint European venture fund with a strong French-German base. The fund, called Green European Tech (GET), will be dedicated to European scale-ups developing transformative technologies for a sustainable future. GET will be a €250 million fund with a potential top-up to €400 million by applying to the Late Stage venture initiative promoted by the French Government.
Yann Lagalaye, Partner at Demeter: “We are delighted to announce this partnership between MVP and Demeter. Combining both parties’ experience and capabilities will strengthen the European venture capital ecosystem and give us a powerful lever to support European start-ups in expanding quickly across France, DACH and other European markets.”
The clear mission of the French-German initiative is to fight climate change through technological transformation of value chains in the sectors energy, building, industry, resources management, and mobility.
Martin Kröner, Managing Partner at MVP: “Climate change bears the greatest challenge of the 21st century. At the same time, it offers entrepreneurs opportunities to build companies on the basis of new technologies. We want to back these companies to exploit their potential to transform incumbent industries and establish a new generation of European champions.”
Gonzague Dejouany, Partner at GET: “This cooperation among French and German venture capitalists is very unique. For investors, the GET fund offers a genuine opportunity to participate in both significant return potential and contribution to environmental wealth.”
The multi-cultural GET team has outstanding experience as industry managers, start-up founders, and venture capital investors. Martin Kröner, Yann Lagalaye, Michael Sailer and Eric Marty will be the Fund Partners of GET. Gonzague Dejouany will act as an Operating Partner. The team will be completed by two other binational Fund Partners post first close.
About Munich Venture Partners (MVP):
Munich Venture Partners is a European venture capital investor backing entrepreneurs driving the eco-industrial revolution with transformative technologies. The investment focus is on sectors with CO2 emission-intensive value chains: energy, mobility, agriculture and food, and industrial technologies. MVP has more than 15 years of experience investing in cleantech start-ups across Europe, including investments in recent success cases relayr and sonnen.
Demeter is a major European player in venture capital, private equity and infrastructure for the ecological transition. Its funds invest from €1m to €30m to support companies and projects in the sector at all stages of their development: innovative startups, small and mid-cap companies, as well as infrastructure projects. The Demeter team counts 40 people based in Paris, Lyon, Grenoble, Metz, Madrid, and Münster, manages €1bn and has completed 180 investments over 14 years.
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