K Fund and Kira Ventures have launched K Green Techa new investment vehicle focused on startups that develop innovative solutions with a significant impact on the energy transition and will have up to 50 million euros.
As reported in a statement, the signatures, unlike the traditional funds of ‘Cleantech’, K Green Tech bets on projects that operate at the intersection between infrastructure and technologya strategic segment to achieve significant advances in the energy transition.
Specifically, The vehicle will have an objective size of up to those 50 million euros, with investment tickets between 500,000 and 2.5 million euros per company. In addition, K Green Tech will be able to make ‘follow-ons’ of up to 5 million euros in later phases.
The investment will focus on companies with operations mainly in Europe, with a special focus on the south of the continent, prioritizing the Iberian Peninsula.
Carina Szpilka, General Partner and Kfund co -founder, said that technology and innovation “are key in the transition to a sustainable energy modelbut they are not enough “, so, with K Green Tech, the objective is to” boost companies with high -impact solutions and solid business models. “” Our goal is to combine the best of investment in technology and infrastructure for Generate a new product with great potential, “he added.
For its part, Mario Sancho, co -founder and partner of Kira Ventures, stressed that the fund of the fund is “to be an alternative of financing for those energy projects that promote both the development of new technologiesthrough the deployment of innovative energy infrastructure, such as the optimization of existing ones through digitalization. “
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