About This Fund
Alantra Klima Energy Fund II (Klima2) is a growth-stage energy transition fund managed by Alantra, the Madrid-based international investment bank and alternative asset manager. Classified as an SFDR Article 9 fund—the highest sustainable finance classification under EU regulations—Klima2 deploys equity tickets of €10 million to €30 million into established European businesses with proven technologies and measurable positive environmental outcomes, targeting a portfolio of approximately twelve companies across the continent. The European Investment Fund (EIF) committed €70 million to the vehicle in late 2025, providing significant institutional validation for the fund's strategy.
The fund's investment mandate spans five critical pillars of Europe's energy transition: clean energy generation and storage, energy markets and trading platforms, grid and storage infrastructure, energy efficiency technologies, and sustainable transport. Klima2 targets businesses where technological de-risking has already occurred—portfolio candidates have demonstrated product-market fit, recurring revenues and strong growth potential—and where growth capital is needed to scale commercially across European markets. Portfolio companies receive board representation, commercial partner introductions and follow-on capacity throughout the fund's life.
Klima2 builds on the strong track record of its predecessor, the original Klima Energy Transition Fund, which raised €210 million and backed growth-stage companies including Dexter Energy (€23 million Series C led by Klima) and marine electrification company Echandia (€19.6 million). Alantra's energy transition platform combines sector expertise with a pan-European deal-sourcing network, aiming to generate both financial returns and verifiable carbon reduction outcomes aligned with the EU's net-zero targets.