{"id":89695,"date":"2022-12-08T05:48:50","date_gmt":"2022-12-08T05:48:50","guid":{"rendered":"https:\/\/dev.vegconom.de\/usa\/?p=89695"},"modified":"2022-12-07T19:48:26","modified_gmt":"2022-12-07T19:48:26","slug":"world-fund-secures-e50m-eif","status":"publish","type":"post","link":"https:\/\/dev.vegconom.de\/usa\/investments-finance\/world-fund-secures-e50m-eif\/","title":{"rendered":"Juicy Marbles Investor World Fund Secures \u20ac50M from EIF"},"content":{"rendered":"

Climate tech VC World Fund<\/a> announced a \u20ac50 million investment from the European Investment Fund (EIF) to support e<\/span>nvironmental and climate tech-related ventures that contribute to decarbonising t<\/span>he world’s economy and its businesses. <\/span><\/p>\n

The Slovenian plant-based whole-cut specialist Juicy Marbles<\/a> and Germany’s Planet A Foods<\/a>, a precision fermentation platform that makes cacao-free chocolate, were eligible to receive funding from the World Fund due to their carbon offsetting schemes. <\/span><\/p>\n

\"juicy
\u00a9 Juicy Marbles<\/figcaption><\/figure>\n

Supported by InvestEU<\/span><\/h2>\n

The EIF’s investment in the World Fund is supported by InvestEU, the region’s sustainability and innovation investment programme, which provides the European Union with crucial long-term financing to achieve the zone’s climate goals.<\/span><\/p>\n

“This is one of the largest investments EIF has made into a first-time VC fund,” EIF said, adding that “the investment is part of the EIF’s mission to support high-growth and innovative small and medium enterprises (SME) across Europe.”<\/span><\/p>\n

Counting EIT, the German climate VC has now over 200 backers supporting the next generation of climate tech companies, including PwC Germany, Ecosia, and the UK Environment Agency’s pension fund. <\/span><\/p>\n

\"a
Nocoa @ Planet A Foods<\/figcaption><\/figure>\n

Saving at least 100 million tonnes of CO2 <\/span><\/h2>\n

The World Fund was founded in 2021 by Daria Saharova, Danijel Vi\u0161evi\u0107, Craig Douglas, and Tim Schumacher, the team behind the tree-planting search engine Ecosia<\/a>. <\/span><\/p>\n

From F&B to materials, energy, manufacturing, and transport, the climate firm invests in European startups capable of saving at least 100 million tonnes of CO2 equivalent per year. <\/span>World Fund’s team has created a <\/span>climate performance potential<\/span><\/a> (CPP) assessment to measure a startup’s capability of reducing emissions avoiding greenwashing. <\/span><\/p>\n

The World Fund has backed ventures such as quantum computing leader <\/span>IQM<\/span><\/a>, Europe’s <\/span>Space Forge<\/span><\/a>, the credit card treecard<\/a>, and the already mentioned food tech companies.<\/span><\/p>\n

Danijel Vi\u0161evi\u0107<\/span>, World Fund’s co-founder, said:<\/span> <\/span><\/strong>“We’re thrilled to have EIF on board as an anchor LP in fund I, alongside the likes of the UK’s Environment Agency pension fund, PwC Germany and Ecosia. We see this landmark investment – one of the largest EIF has made in a first-time VC fund – as a strong signal that the European Union is serious about tackling the climate crisis. It will help us continue our mission to back the founders that will deliver decarbonisation at scale.”<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Climate tech VC World Fund announced a \u20ac50 million investment from the European Investment Fund (EIF) to support environmental and climate tech-related ventures that contribute to decarbonising the world’s economy and its businesses.  The Slovenian plant-based whole-cut specialist Juicy Marbles and Germany’s Planet A Foods, a precision fermentation platform that makes cacao-free chocolate, were eligible to receive funding from the World Fund due to their carbon offsetting schemes.  Supported by InvestEU The EIF’s investment in the World Fund is supported by InvestEU, the region’s sustainability and innovation investment programme, which provides the European Union with crucial long-term financing to achieve the zone’s climate goals. “This is one of the largest investments EIF has made into a first-time VC fund,” EIF said, adding that “the investment … <\/p>\n

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