Pale blue dot Receives €93 Million Investment

Pale Blue Dot, a climate technology company based in Malmö, Sweden, announced the completion of its second funding round with €93 million. Climate technology is a concept that encompasses all technologies used to adapt to and mitigate climate change. These technologies can be used in energy, transportation, agriculture, industrial processes and many other sectors. Climate technology aims to reduce carbon footprint, utilize renewable energy sources, apply environmentally friendly production methods and reduce greenhouse gas emissions. The development and implementation of these technologies is crucial to combat global warming and provide solutions for a sustainable future.

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Climate change is a global problem affecting many sectors and even the entire world. At the same time, innovative technologies and business models developed to address it can also bring economic benefits. Investing in climate technology entrepreneurs is therefore important not only for the environment, but also for business opportunities and social good. A good investment not only supports startups to address the climate crisis, but also provides financial returns to the investor.

Pale Blue Dot is helping us mitigate and reverse the climate crisis and prepare for a new world by investing in seed-stage climate tech startups. The company raised two funds totaling 180 million euros in Malmö, Sweden. It invested in early-stage companies in Europe and the US. As a strong show of support for Pale Blue Dot's second fund, more than two-thirds of the LPs currently available have decided to reinvest.

Investors include serial entrepreneurs, family offices and institutional investors from Europe and the US. It is an indication of the confidence in the company's methodology and the investors' view of the potential for the future. While not specifically named in Pale Blue Dot's second fund, among the LPs of their first fund is the investment company founded by Spotify CEO Daniel Ek and Shakil Khan. Prima Materia, Pirates Impact and the founders of companies such as Contentful, Delivery Hero and Wise are also involved.