SC Net Zero Ventures, a venture capital investment fund managed by Suma Capital in alliance with Repsol has raised €125 million in its first investment closing. It targets a final goal of €150 million. Repsol and Suma Capital collaborated in 2022 to create SC Net Zero Ventures.
Furthermore, Repsol has contributed €50 million in the investment. SC Net Zero Ventures investor base includes the Spanish sovereign wealth fund Fondo ICO Next Tech, the Institut Català de Finances, and other institutional investors and family offices.
The fund’s objectives are to identify and scale technologies that can significantly impact the industry’s transformation towards sustainability. It aims to promote the growth and international expansion of companies. SC Net Zero Ventures is classified under Article 9 of the European Union’s Sustainable Finance Disclosure Regulation. It aims to invest capital primarily in Europe and North America.
