Global Cleantech Capital (“GCC”), a growth equity firm based in Amsterdam, is pleased to announce that GCC Fund III (the “Fund”) has held its final close at USD 75 million.
The Fund, which is currently about 30% invested, targets investments in high-growth, high-impact companies in Europe and North America that apply new technologies in the highest emitting sectors of energy, mobility, and cities, or that use finance as an incentive for the energy transition. GCC believes that companies that use ESG aspects as a ‘tool for value creation’ have superior offerings to existing propositions, which will ultimately generate more robust returns and result in a more sustainable business.
GCC Founding Partners Paul Kloppenborg, Christie Franchi, and Joris Vos have invested over USD 900 million over the last 20 years, delivering attractive returns paired with ESG impact. As an active investor, GCC typically sources debt and co-investment equity beyond fund commitments to help scale the portfolio companies that demonstrate commercial traction.
The Fund is backed by a strong investor base that includes endowments, foundations, family offices, and high-net-worth individuals. The commitments represent a well-diversified group of investors across Europe and North America.
Paul Kloppenborg, CEO and Partner, said: “We are honored to partner with top-tier investors, who share our vision of building market leaders in the new, clean economy and value our experience of through the cycle of clean energy and impact investing. By having the option to deploy more capital through co-investment, our investors are key partners in helping our portfolio companies scale.”
Current portfolio companies include:
Nacero, reducing lifecycle transport emissions by 50% through drop-in lower-carbon fuels to displace oil-based fuels at scale;
Lake Parime, a cutting-edge technology firm building computing systems powered by redundant renewable energy;
Crowdz, operating a marketplace to source low-cost working capital for SMEs and improve access to finance for diverse-owned businesses; and
Railsbank, offering a range of embedded finance services that can, among other things, enable ESG-linked financial products.
Christie Franchi, Partner, said: “Our portfolio companies have exceptional CEOs, with ambitious plans to become leaders in decarbonizing key emitting sectors or use finance to incentivize ESG, often leveraging industry infrastructure 'hiding in plain sight' for faster, cheaper scaling.”
Loyens & Loeff acted as legal counsel and advisor on tax and structural matters in establishing the Fund. GCC is domiciled in the Netherlands and registered with the Dutch Authority for the Financial Markets (AFM).
For more information, please contact info@gccfund.com.
About Global Cleantech Capital
Global Cleantech Capital is a growth equity firm based in Amsterdam, investing to scale exceptional companies into new market leaders in the clean energy, mobility, smart cities, and fintech sectors in Europe and North America. Investing over USD 900 million, the GCC team has a track record of delivering attractive returns paired with ESG impact. GCC is domiciled in the Netherlands and registered with the Dutch Authority for the Financial Markets (AFM).
For more information, please visit our website at www.gccfund.com and follow us on LinkedIn and Twitter.