VP Capital Invests €3 Million in BigCircle Ventures' Greentech Fund
Amsterdam, Tuesday, 9 July 2024.
BigCircle Ventures secures €3 million from VP Capital for its venture building fund, aiming to create five new greentech startups. This investment marks a significant step towards BigCircle’s goal of building 30 ventures in the next three years, focusing on climate-positive and circular economy solutions.
The Strategic Partnership
BigCircle Ventures, headquartered in Amsterdam, has successfully attracted VP Capital as a key investor in its inaugural venture building fund. The €3 million investment from VP Capital will enable BigCircle Ventures to establish five new greentech startups over the next year. These startups will focus on breakthrough technologies in climate and circularity, sourced from research environments at universities and SMEs across Europe.
BigCircle Ventures’ Ambitious Plans
BigCircle Ventures plans to scale its operations internationally with the ultimate goal of building 30 ventures within the next three years. These ventures aim to make a significant impact on creating a climate-positive, circular, and toxicity-free economy by 2050. The company is actively scouting promising deeptech innovations hidden within university labs and corporate research institutes, intending to transform these inventions into successful startups that address global environmental challenges.
Aligning Visions for Impact
Joost Kruytzer, a representative of BigCircle Ventures, expressed excitement about the partnership with VP Capital. He emphasized that both organizations share a rigorous impact focus and are committed to boosting early-stage, high-impact innovations. Kruytzer stated, ‘We are very much aligned with their rigorous impact focus and are looking forward to collaborating closely on boosting early-stage, high-impact innovations in climate and circularity.’
VP Capital’s Investment Strategy
VP Capital, known for its commitment to creating positive impact through investments, recently launched a new investment strategy centered around biodiversity, climate, social equality, and innovation. Bart van Eyk, Managing Director of VP Capital, highlighted the importance of investing in innovative start-ups and scale-ups as key drivers of sustainable progress. He noted that traditional financiers often see these ventures as too risky, but family offices like VP Capital can fill this gap with their long-term investment horizon.
Future Prospects and International Expansion
Looking forward, BigCircle Ventures aims to raise an additional €25 million to further scale its operations and venture funding. The company envisions a future where its portfolio companies play a crucial role in achieving a sustainable and resilient global economy. By leveraging partnerships with research institutions and corporate entities, BigCircle Ventures is poised to accelerate the development of innovative climate tech solutions, thereby contributing significantly to the global fight against climate change.