Through microgrants ranging from 50 to 1000, Ecosia and Earth Uprising hope to fuel the locally-led and youth-driven climate activism that has already inspired climate action worldwide. The address is c/o Ecosia GmbH, Gerichtstrae 23. With nearly 60 investors including current and former European tech founders, World Fund has been incubated by global search engine Ecosia and will be the largest climate tech fund on the continent, focused on the tech that can reduce carbon emissions across sectors including energy, transport, food and agriculture, manufacturing and buildings. The 13.5k Ecosia x Earth Uprising Microgrants Fund will go towards supporting youth-led climate education and activism projects. World Fund is a new 350M climate VC fund incubated by green search engine Ecosia.
Since launching the fund, more than 600 firms have reached out to the World Fund looking for additional funding, Višević notes, and the company already has plans for a second fund. WF World Fund Management GmbH (LEI 8945002TRJ3P6B39F747) is a legal entity registered with EQS Group AG. To be clear, Ecosia is also continuing to fund tree-planting with search ads profits. In the fund’s home country alone, the German energy agency, or Deutsche Energie Agentur, has said that there is an estimated average €22.7 billion in financing opportunity available annually until 2030 for venture capital investments. and China combined, but there is far less VC funding Višević says. However, founding partner Višević notes the company has downplayed this figure as climate tech companies have generally outperformed major indices like Nasdaq.Įurope is the fastest growing region for climate tech investment with more companies originating in Europe when compared to the U.S. With more than 60 investors, including current and former European tech founders, the World Fund was initiated by global search engine Ecosia and focuses on. The fund is investing up to €8 million in each climate tech company, and it is targeting two to three times returns on each investment.