World Fund: new Climate Tech fund raises Euro 350 million
Berlin — The new WORLD FUND VC aims to invest €350 million to support founders who are using tech solutions to fight the climate crisis and help decarbonize the planet. — A team led by YPOG partners Fabian Euhus and Helder Schnittker provided comprehensive legal and tax advice to the World Fund (WF World Fund Management GmbH).
With more than 60 investors, including current and former European tech founders, the World Fund was initiated by global search engine Ecosia and focuses on technologies that can reduce carbon emissions in areas such as energy, transportation, food and agriculture, manufacturing and buildings. The World Fund invests in early- and growth-stage companies with the highest climate performance potential (CPP), focusing on emissions reduction potential of at least 100 megatons of CO2 emissions per year in industries such as energy, transportation, construction, food and agriculture. To assess and measure CPP, the World Fund has developed its own methodology in exchange with Project Drawdown, with Crane and with TU Berlin.
The management team consists of partners Tim Schumacher, investor and entrepreneur, VC investor Daria Saharova, sustainability investor Craig Douglas, and climate tech thought leader Danijel Visevic . The World Fund has set a goal of cutting two gigatons of emissions by 2040 — equivalent to four percent of all global emissions. With this commitment, the World Fund puts the health of the planet at the center of every decision it makes, because climate return is an early indicator of financial return. From companies developing alternative proteins to energy storage solutions and smart charging infrastructure as a service, the World Fund targets breakthrough companies that have the potential to become market leaders. The need for venture capital in climate technology is overwhelming: a recent study by the German Energy Agency found that Germany alone needs €22.7 billion to achieve a positive climate impact by 2030.
About World Fund
The first closing of the World Fund is planned for the first half of 2022; the fund has already started with initial investments. His motto: We back entrepreneurs building climate tech for a regenerative world. www.worldfund.vc
Consultant World Fund: YPOG
Dr. Fabian Euhus (Co-Lead/Corporate, Structuring), Partner
Dr. Helder Schnittker (Co-Lead/Taxes), Partner
Lennart Lorenz (Regulatory), Partner
Joel El-Qalqili (Structuring, Impact & ESG), Associated Partner
Stefanie Nagel (Corporate, Regulatory), Associate
Antonia von Treuenfeld (Impact & ESG), Associate
Dr. Friedrich Wöhlecke (Taxes), Associate
YPOG is a specialist tax and commercial law firm, operating in the core areas of corporate, funds, litigation, tax, transactions, IT/IP and notarial services. The YPOG team advises a wide variety of clients. These include emerging technology companies and family-run medium-sized enterprises as well as corporations and private equity/venture capital funds. YPOG is one of the leading addresses for venture capital, private equity and fund structuring in Germany. The firm and its partners are nationally and internationally ranked by JUVE, Best Lawyers, Legal 500, Focus, and Chambers and Partners. Today, YPOG employs more than 70 experienced lawyers, tax advisors, tax specialists and a notary in three offices in Berlin, Hamburg and Cologne. www.ypog.law