Pale Blue Dot, a recently outed European equity capital company concentrated on environment tech, announced today the very first closing of its launching fund at EUR53 million. Targeting pre-seed and seed phase start-ups, the

company says it will think about software application and innovation financial investments with a strong favorable climate effect. Existing locations of focus include food/agriculture, industry, transport, energy and fashion/apparel, with plans to back up to 40 business out of fund one. Founding partners Hampus Jakobsson, Heidi Lindvall and Joel Larsson are stalwarts of the Nordic tech environment and beyond: Jakobsson co-founded TAT( The Amazing People), which was sold to Blackberry in 2012, and is a prominent angel investor in Europe, most recently an endeavor partner at BlueYard Capital. Lindvall is the previous head of accelerator and investment group at Fast lane Malmö, with a background in human rights and media. Larsson was formerly managing director at Fast Track Malmö, with a technical background and previous fund management experience. I put questions to all 3, delving much deeper into Pale Blue Dot’s remit and the firm’s investment thesis. We likewise went over the macro trends that warrant a fund specializing in environment tech and why Europe is poised to become a leader in the space. Pale Blue Dot is a new VC fund focusing on climate tech, but in a sense– and to differing degrees

— isn’t every equity capital fund an environment tech fund nowadays? Heidi Lindvall: We believe all funds ought to be”planet-positive”and working for a better world, but it will require time till it

is a focus. Still, many funds take a look at a possible favorable impact late in their assessment and will not decline the deal if the start-ups would not be considerably pulling the world in a great instructions. Hampus Jakobsson: Focus has both advantages and downsides. The unfavorable part with being specific niche is that we won’t do investments in incredible people or startups that we do not think are”climate-contributing sufficient “or that the creators

aren’t doing it in a genuine method (as the danger of them to taking note of the impact may lead them to end up being a noncontributing business ). Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.