SC Net Zero Ventures raises €125 million in first investment closing to accelerate the energy transition

Areas Impacted: Funding, Transition, Net zero

June 6th, 2024

The venture capital fund, managed by Suma Capital in strategic alliance with Repsol and focused on investing in technologies to accelerate the energy transition, attracts the confidence and support of investors, who endorse its strategic vision. This first closing will allow SC Net Zero Ventures to invest in mature startups to scale technologies in an agile way while continuing to expand its funding to reach its target of €150 million. Repsol and Suma Capital joined forces in 2022 to create SC Net Zero Ventures and, thus, embrace greater opportunities in the detection and scaling of technologies to advance the energy transition and the fight against climate change. Its objective is to support companies that develop innovative technologies to promote their growth and international expansion and accelerate their application on an industrial scale.

To access the news story, click here.