Invest-NL backs climate-first fund Extantia Capital
Gaby Jongenelen
This investment from the Dutch sovereign wealth fund emphasises the commitment of the Netherlands to play an active role in climate innovation and nurture a vibrant local economy.
We are very excited to announce that Dutch impact investor Invest-NL invested in Extantia. They join our group of LPs alongside existing investors Anglo American, Toyota Ventures, and top-tier family offices such as the Piëch and Oldendorff families.
Our unique strategy and already existing strong relationships in the Netherlands create a significant alignment of interest and enable Invest NL to pursue this investment. The investment of €10 million underscores Invest-NL’s commitment to invest towards building a sustainable future for all and strengthening the Dutch high-tech sector.
Ruud Zandvliet, Principal Energy at Invest-NL states: “Our commitment to Extantia aligns with our strategic objective to organise financing for capital-intensive and impactful ventures. Extantia’s scientifically grounded approach to assessing impact ventures, coupled with robust operational support, will strengthen the Dutch investment landscape. We are enthusiastic about Extantia’s potential to broaden the range of funding opportunities for hardware-based ventures in the Netherlands.”
Extantia’s platform, launched in 2022, includes Extantia Flagship, a venture fund dedicated to backing scalable deep decarbonisation technology companies, Extantia Allstars, a fund-of-funds investing in climate tech venture capital funds around the world, and Extantia Ignite, a sustainability hub that advances knowledge and skills in climate innovation and ESG practices.
“We really enjoy working with value-add investors and believe that Invest-NL’s very progressive mandate is an example to follow,” says Sebastian Heitmann, Partner at Extantia. “The collaboration has been off to a good start and we see plenty of opportunities to work with Dutch entrepreneurs. Building on the strong high-tech foundation in this region, we are excited to back the next generation of founders developing sustainable infrastructures.”
To ensure its investments have a significant and timely impact, we conduct a rigorous Carbon Math assessment prior to any engagement and incorporate impact goals into the fund manager’s compensation. Extantia also uses a comprehensive methodology to verify that new technologies “do no harm” and avoid negative impacts on the environment and society. Areas of primary interest are energy, industrial processes, buildings, transportation, and carbon removal technologies. Notable portfolio companies include MAGNOTHERM, H2Pro, INERATEC, GA Drilling, BeZero, and Reverion.
We look forward to a fruitful collaboration with Invest-NL and moving the needle on climate change!
