Avantium Spinout Carbeau Raises $40 Million to Convert CO2 into Sustainable Materials

Renewable and circular polymer materials provider Avantium announced the spin-out of its electrochemical platform, Volta Technology, focused on converting CO2 into raw materials, into a new, independent company named Carbeau. At launch, Carbeau has raised €35.2 million (USD$40.1 million) in…

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Google Backs Proxima’s Record $468 Million Raise in Race to First Fusion Power Plant

German fusion technology startup Proxima Fusion announced that it has raised €411 million (USD$468 million) in a new funding round, marking the largest-ever private investment in European fusion, with strategic investors including Google and RWE. According to Proxima CEO Francesco…

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Climentum Launches New Climate Tech Venture Fund with €60 Million First Close

Climate tech-focused venture capital firm Climentum Capital announced the launch of Climentum Capital Fund II, its second fund aimed at supporting early-stage climate technology startups across Europe. The new fund is being launched with €60 million (USD$68.4 million) in commitments…

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European Commission Adopts Finalized Corporate Sustainability Reporting Standards

The European Commission announced on Friday the adoption of the finalized revised European Sustainability Reporting Standards (ESRS) for companies covered by the EU’s mandatory Corporate Sustainability Reporting Directive (CSRD) and its voluntary reporting standard for smaller companies. The adoption of…

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Lloyds, Wildfarmed Launch Fund to Help Farmers Adopt Sustainable Farming Practices

UK bank Lloyds Banking Group and regenerative agriculture company Wildfarmed announced the launch of the new Food & Nature Resilience Fund, designed to accelerate the transition farmland in the Uk to regenerative agriculture by supporting the adoption by farmers of…

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