New €360 Million Climate Fund Launches Despite Market Downturn
Astanor Ventures has raised a new fund to invest in solutions to agriculture and the biodiversity crisis.
Astanor Ventures’ new fund will be used to invest in startups working on the food system as well as water and biodiversity, including those working on comprehensive solutions across the sectors.
Photographer: David Gray/BloombergThe venture capital firm that bankrolled the “Tesla of tractors” is bucking the trend of retreating climate tech investors.
Brussels-based Astanor Ventures announced Tuesday that it raised €360 million ($385 million) for a new fund. The firm already has investments in more than 40 startups dedicated to improving efficiency in the food and agricultural sectors. With the new fund, it will continue to invest in solutions for the food system, which is responsible for up to a third of global greenhouse gas emissions.