Search engine Ecosia opens investment fund of 350 million euros

The green search engine Ecosia, running on Microsoft technology, opens a fund of 350 million euros with a group of investors. The participations must actively contribute to combating climate change.

The new World Fund, as the vehicle has been baptized inelegantly, was presented yesterday in Berlin. It can’t get off the starting blocks yet, because roughly half of the intended resources have been raised so far. The fund is expected to close in the first half of 2022 and the first participations will then also be made.

World Fund invests in companies with the highest climate performance potential (CPP), a metric that says something about the potential impact of the start-up. This metric was developed by Project Drawdown, Crane and TU Berlin. The participations must be able to reduce at least one hundred megatons of CO2 per year. The obvious sectors are energy, transport, construction, food and agriculture.

The fund is run from Ecosia, a search engine that manages the majority of his merits invests in planting trees.

To date, more than 60 European tech investors have invested in the fund and a few institutional investors.

Source: Nieuws – Emerce by

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