""The city is kind of like this beautiful vampire squid that sucks in all the resources," Jacob Bro, co-founder and partner at 2150, told TechCrunch. "They basically aggregate all the prosperity in the world - 80% of GDP - but also 70% of emissions and all the other resources, all the waste, and all the downsides of the good life.""
""If we look at all the stuff we consume, all the stuff we need to build, to make the urban platform of prosperity operate and thrive, you can identify technologies and the bottlenecks," Bro said. The climate angle helps give the fund an edge, he said. "Sustainability, if done well, is just better business, right? It's cheaper, faster, and more independent from geopolitics.""
"That dual focus has helped 2150 raise a new €210 million second fund from a range of institutional investors and family funds, including Chr. Augustinus Fabrikker, Church Pension Group, the Danish sovereign fund EIFO, Fund of Funds Carbon Equity, Novo Holdings, Islandbridge Capital, Security Trading Oy, and Viessmann Generations Group. The new fund brings the European firm's assets under management to €500 million."
Cities aggregate the majority of economic activity, resources, waste and emissions, creating concentrated bottlenecks and high-impact opportunities for decarbonization. Urban systems account for roughly 80% of GDP and about 70% of emissions, concentrating demand for building materials, energy and waste management. 2150 invests in urban-focused climate technologies that reduce cost, speed deployment and decrease geopolitical exposure. The firm raised a €210 million second fund, bringing assets under management to €500 million and securing 34 limited partners. Early investments include companies working on industrial heat pumps, e-waste recycling, scrap metals marketplaces and direct air capture.
Read at TechCrunch
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