About This Fund
Axeleo Capital Green Tech Industry Fund is a EUR 125 million first-close vehicle targeting European climate technology and industrial innovation, managed by Axeleo Capital, an independent Parisian venture capital firm with nearly EUR 300 million in assets under management. The fund, which carries a final target of EUR 250 million, launched in November 2024 and marks a significant strategic expansion into deep industrial sustainability for a firm previously focused on industry 4.0 and enterprise software. The vehicle bridges the gap between academic research and commercial scale in sectors urgently requiring low-carbon alternatives.
The fund targets 15 to 20 European companies with lead investment tickets of EUR 3 million to EUR 10 million, concentrating on new renewable energy generation, advanced energy storage, biomaterials and plastics recycling, bio-based agrochemicals, and mobility decarbonization including electric motors and aviation and maritime propulsion. Anchor investors include the Revolution Environnementale et Solidaire fund backed by Credit Mutuel Alliance Federale, Bpifrance, and the Fonds National de Venture Industriel (FNVI) managed as part of the French government's Plan France 2030, alongside the Veolia Group, a coalition reflecting both public climate commitment and private industrial alignment.
Axeleo Capital was founded in 2017 and built its reputation through its industrial accelerator heritage and early investments in enterprise software and industry 4.0 companies. The Green Tech Industry Fund extends this hands-on incubation model to companies navigating complex technology risk and lengthy regulatory timelines in hard-to-abate industrial sectors, applying operational expertise alongside growth capital to accelerate commercialization.