Santander InnoEnergy Climate Fund

Santander

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Santander Climate Tech Fund is a venture capital fund managed by Santander Asset Management and EIT InnoEnergy.

Use:
Date closing: -
Amount: -
Industry focus: All
Total budget: 140M €
Entity type: Other
Vertical focus: All
Website: https://www.santander.com/en/press-room/press-releases/2023/09/santander-cib-acquires-stake-in-eit-innoenergy-to-accelerate-and-scale-clean-energy-innovation

Status:
Open
Funding type:
Geographic focus:
Public/Private: Private
Stage focus:
Applicant target:

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Overview

Santander CIB has taken part in a EUR 140 million investment round by EIT InnoEnergy, alongside other strategic investors.

The investment will help speed up innovation in clean energy by supporting InnoEnergy’s startups.

The move is part of Santander’s strategy to remain at the forefront of sustainable technology and renewable energy advisory and financing.

Santander Corporate & Investment Banking (Santander CIB), a world leader in renewable energy financing, today announces that it has acquired a stake in sustainable energy trailblazer EIT InnoEnergy as part of a EUR 140 million investment round alongside other strategic partners.

The move is part of Grupo Santander’s strategy to remain at the forefront of sustainable technology renewable energy advisory and financing. The funds raised will help grow the 200 companies that comprise EIT InnoEnergy’s portfolio, speed up the launch of new startups and boost the company’s expansion in the US.

Last updated on 2023-09-06 00:34