The European Investment Fund (EIF) has invested €40 million in Blume Equity, a female-founded fund climatetech growth fund. This investment marks one of the EIF’s largest into a first-time growth stage fund.
Blume invests in companies supporting the transition to a low-carbon economy and a more sustainable environment, and as to be expected, the funds will be reserved solely for European companies.
The firm’s recent investments include Internet of Things (IoT) data solutions provider Sensorfact, Normative, a carbon accounting platform focusing on emissions for large enterprise clients, Matsmart-Motatos, a company tackling food waste in the FMCG space, and robotic inspection and maintenance services to the wind turbine industry startup, Aerones.