Barcelona-based Suma Capital has announced the final closing of SC Net Zero Ventures I, the Climate Tech fund within its SC Venture strategy, with €210 million committed.
This represents a 40% increase over the initial target of €150 million.
“This scale-up strengthens the fund’s ability to decisively support its portfolio companies and help close the European climate tech scale-up gap,” said Suma Capital.
“The vehicle, focused on companies in the expansion stage (scale-up stage), consolidates Suma Capital’s role as a transformative player in financing technologies that drive the energy transition and industrial decarbonization in Europe, reinforcing its purpose-driven capital model: economic return and real, measurable, and shared impact.
“The fund has a diversified investor base that combines industrial vision, institutional strength, and private capital.
“Notable among them are Repsol, as anchor investor and strategic partner in industrial decarbonization; the European Investment Fund (EIF), with financial backing from the European Union; Spanish public institutions — ICO, CDTI, ICF, IVF, and Seed Bizkaia — as well as international fund-of-funds and foreign institutions, along with a select group of family offices.
“This backing confirms confidence in the fund’s investment thesis and its ability to scale Net Zero solutions with impact on the real economy.”
Natalia Ruiz, partner at Suma Capital, said: “With this final close, we reinforce our role as a reference partner for companies leading industrial decarbonization in Europe. Through SC Venture, we support climate scaleups with validated technology and commercial traction, driving their expansion and their long-term environmental and competitive impact.”
Gema García, Head of Repsol Corporate Venturing, adds: “At Repsol we believe alliances are essential to accelerate the energy transition. Our participation as anchor investor in SC Net Zero Ventures I reinforces the ambition to promote technologies with real industrial application, capable of generating measurable environmental impact and delivering long-term competitiveness.
“Collaboration with Suma Capital is an example of how capital and industry can move forward together towards the 2035 goals.”