How VC firm 2150 raised €210M to tackle climate challenges in cities and reshape urban sustainability

DCM Editorial Summary: This story has been independently rewritten and summarised for DCM readers to highlight key developments relevant to the region. Original reporting by Tech Crunch, click this post to read the original article.

If you’re looking to tackle climate change, cities are one of the most impactful places to start. According to Jacob Bro, co-founder of the investment firm 2150, cities concentrate global prosperity but are also major hubs for emissions, waste, and resource consumption. That makes them both a challenge and an opportunity for climate innovation. 2150 uses this understanding as its investment thesis, targeting technologies that can improve urban life while reducing emissions. The idea is that sustainable solutions don’t just help the planet — they’re also smarter, cheaper, and more resilient in the long run.

You’ll find that 2150 recently raised a €210 million second fund, bringing its total assets to €500 million. This new fund attracted 34 institutional and family investors from various backgrounds, including pension groups and sovereign wealth funds. The firm plans to use this capital to support about 20 startups, typically writing Series A checks of €5 million to €6 million. Half of the fund will be held back for follow-on investments in the most promising ventures.

So far, 2150 has already invested in companies like AtmosZero, which builds industrial heat pumps, and GetMobil, which focuses on e-waste recycling. Other investments include MissionZero, a direct air capture startup, and Metycle, a marketplace for scrap metals. The team is also particularly interested in data centers and industrial automation, both sectors seeing rapid growth due to advances in AI.

You’re likely aware that AI has been creating new pressures and opportunities in infrastructure. 2150 sees this not just as a matter of energy efficiency but as a societal issue, especially in aging populations like the Netherlands, where half the people are over 50 years old. By investing in automation, 2150 aims to boost productivity and support economic systems that depend on a shrinking workforce — all while staying committed to climate impact.

If you’re tracking real-world results, 2150 reports that its portfolio companies helped avoid one megaton of carbon emissions last year. That’s notable for a venture fund that’s only four years old. The firm sees this as proof that its dual focus on urban sustainability and industrial innovation is not just visionary, but also commercially viable.