VC firm 2150 raises €210M fund to solve cities’ climate challenges

VC firm 2150 has raised a €210 million second fund aimed at addressing climate challenges specifically within urban environments. Co-founders Jacob Bro and Christian Hernandez emphasize that cities, as major consumers of resources, present critical bottlenecks and opportunities for sustainable innovation. The firm’s investment thesis centers on identifying technologies that improve urban infrastructure while delivering both strong financial returns and measurable carbon reductions. This approach has attracted a diverse group of 34 institutional and family investors, bringing 2150’s total assets under management to €500 million. The fund plans to invest in about 20 startups, primarily at the Series A stage, with initial checks ranging from €5 million to €6 million and reserving half the capital for follow-on investments. Key focus areas include data centers and automation, driven partly by the rise of AI, which 2150 views not only as a climate opportunity but also as a societal solution to demographic challenges in Europe, such as an aging population. The firm highlights that its portfolio companies have