Smart Cities | October 14, 2021

2150 raises nearly €270 million to reimagine cities

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, October 14 — Europe-based 2150, launched earlier this year by Danish real estate fund manager NREP, is looking for tech companies making cities more efficient, sustainable and resilient. The venture firm is targeting companies with the potential to each reduce a gigaton of carbon per year.

Investors include the Norwegian sovereign climate investment company Nysno, Credit Suisse’s Climate Innovation Fund and both BMW Foundation and BMW Group.

“Their investment allows us to actively seek brilliant entrepreneurs working on technologies that can have the scale of impact we need to achieve, “ 2150 wrote in Medium post.

Decarbonization investing

2150 has made five investments in North America, Europe and Asia, including U.S.-based Aeroseal, which seals HVAC air ducts to increase energy efficiency; U.K.-based sustainable infrastructure management company Nodes & Link; Hong Kong’s Ampd Energy, which makes energy storage systems for construction sites; Swedish carbon accounting engine Normative; and Canadian low-carbon concrete startup CarbonCure.