Ilavska Vuillermoz Capital Launches €60m Climatetech Fund

From left to right: Founding partners Alain Wildanger and Laurent Hengesch (Photo © Ilavska Vuillermoz Capital)

Formerly mainly targeting fintech companies, Ilavska Vuillermoz Capital’s newly launched Climatetech fund will focus on early-stage EU-based ventures with tickets ranging between 650k and €4m.

Founded by the two Luxembourgers Laurent Hengesch and Alain Wildanger in 2019, the alternative investment firm Ilavska Vuillermoz Capital is ready to expand its reach and be part of the climatetech movement.

“Having achieved notable success in our fintech investments, we seek to delve into a new sector that resonates with our and our LP’s interests […]. Over the past year, we have formed a dedicated team led by Quentin Dupraz to tackle one of humanity’s greatest challenges: climate change. We remain committed to our sector-specific investment strategy.”

Laurent Hengesch, founding partner.

€60m close by summer

The newly launched ClimateTech Fund will be part of Ilavska Vuillermoz SCA SICAV RAIF and established under SFDR Article 8. IVC aims to raise €60m and plans for a first close in the summer of 2024.

The investment focus will be on early-stage maturity in EU-based ventures, developing either hardware or software solutions that respectively enable or facilitate decarbonization. IVC will invest between €650k and €4m in Seed and Series A rounds per company, potentially leading and co-investing in these rounds depending on opportunities.

“Limiting global warming of the atmosphere by reducing Greenhouse Gas (GHG) Emissions to Net Zero by 2050 is the biggest problem faced by humankind in generations that requires funding in the current decade. 35% to 45% of the emissions reductions will come from technologies that do not exist yet, and an additional 40% from technologies currently in the early market stage,” explains Quentin Dupraz, Principal.

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