The GET Fund invests in transformative green technologies across Europe. It focuses on series A and B investments in startups in the energy, mobility, agriculture and food, and industry sectors that develop sustainable solutions and want to improve the environment. The fund seeks hybrid hardware-software solutions that are highly scalable and suitable for VC financing.
The team and indeed the fund itself are not unfamiliar names in the ecosystem. Under the name Munich Venture Partners (MVP), they have been active as ESG and impact investors for over 15 years. With this experience behind them, the new fund is now classified as an Article 9 SFDR fund. This means that not only environmental and social aspects are taken into account, but an explicit sustainable investment objective is pursued. Financial products classified under Article 9 are also referred to as dark green funds and are considered particularly sustainable. To achieve this, the GET Fund integrates a scientifically sound impact framework based on the Triple Top Line to align the environmental and social impacts of business models with the financial return expectations of venture capital investors.
100 million euros from banks and industry
With the first closing, the fund has now secured commitments totaling 100 million euros. Investors include the European Investment Fund EIF, BNP Paribas, Sächsische Aufbaubank, German energy supplier Yippie, automotive and mechanical engineering supplier Schaeffler, Japanese chemical company Asahi Kasei, and investment company Dr. Hettich.
Niels Fehre, head of Schaeffler Invest GmbH, explains:
“The GET Fund is a perfect fit for us as a limited partner because it has a clear investment focus and conducts solid sustainability assessments. Its approach to developing sustainable companies that emphasize economic growth, social justice, and environmental responsibility is exactly what we need to drive positive change across the entire industry. Their commitment to these principles makes them an ideal partner for us.”
Marjut Falkstedt, CEO of the EIF, also praises the fund’s approach:
“At the EIF, we are committed to using our resources for a greener and cleaner future. With investments like this, we want to also make a meaningful contribution to the EU’s ambitious climate goals and, together with an experienced team, support innovative technologies that can drive the green transition.”
“We are pleased to embark on this journey with the strong support of our investors. Our focus on digitally enhanced cleantech solutions and our Triple Top Line-based impact assessment put us in a unique position to deliver both financial returns and sustainable growth,”
says Isabelle Canu, who, along with Martin Kröner, Florian Löbermann, and Michael Sailer, is among the partners of the GET Fund. Beatrice Böhm and Julian Klaiber serve as principals.
