About This Fund
Axeleo Greentech Industry fund is a venture capital fund managed by Axeleo Capital, an independent Paris-based investment firm specializing in industrial and enterprise technology. The fund is part of Axeleo Capital's GreenTech Industry (GTI) series and is consistent with the firm's flagship GreenTech Industry I (GTI I) vehicle, which achieved a first closing of €125 million in November 2024 toward a final target of €250 million. Classified as Article 9 under the EU Sustainable Finance Disclosure Regulation (SFDR), the fund was conceived as Europe's first industrial startup factory dedicated to the ecological transition, combining financial returns with measurable environmental impact. Axeleo Capital, founded in 2017 and managing nearly €300 million in total assets under management across its fund family, developed the GTI series to position itself as one of Europe's principal investors in industrial innovation for the green transformation.
The fund focuses on four core sectors aligned with the decarbonization of European industry: energy, including renewable energy and storage technologies; chemicals and materials, including biomaterials and plastics recycling; agriculture and food, including bio-based fertilizers and pesticides; and mobility, including electric motors and decarbonization of air and maritime transport. With lead investment tickets ranging from €3 million to €10 million and a target portfolio of 15 to 20 companies, the fund targets early-to-mid-stage European startups at the critical commercialization stage of establishing their first industrial facilities. The investment philosophy requires portfolio companies to be eligible for the EU Taxonomy or to contribute to relevant United Nations Sustainable Development Goals.
The fund's anchor institutional investors include Bpifrance, Veolia Group with a €30 million commitment, and Crédit Mutuel Alliance Fédérale, alongside backing from the Révolution Environnementale et Solidaire fund and the Fonds National de Venture Industriel (FNVI). The management team includes partners Eric Burdier, Marc Lechantre, Guillaume Sarlat, and Mathieu Viallard, with Sandra Dubos serving as Investment Director. An early portfolio company includes Sweetch Energy, a developer of osmotic energy technology based on salinity differences between fresh and salt water.