London-based growth stage pan-European investment firm ETF Partners has closed its third Environmental Technologies Fund (ETF3), at £167m.
The fund was raised from a combination of existing and new Limited Partners, including British Patient Capital and the European Investment Fund.
Investing at series A and beyond, and with the capital to support companies as they scale through multiple funding rounds, the fund has already supported companies in diverse fields such as smart mobility, ethical cybersecurity, microbiome AI and software, and energy efficient data centres.
Led by Patrick Sheehan, Managing Partner, the firm analyses each potential investment through an impact scorecard that assesses the future impact potential of innovative companies, based on attributes such as alignment with UN Sustainable Development Goals, financial performance, and environmental impact.
Portfolio companies include: ELeather and Telensa, among others.