yabeo Impact invests in Wegatech
Munich — Munich-based early-stage investor yabeo Impact has made an investment in Wegatech. yabeo is expanding its impact investing business with its latest investment in Wegatech. The new investment platform yabeo Impact focuses exclusively on companies with a socially or environmentally relevant focus and is aiming for an investment volume of around 50 million euros for the Alternative Investment Fund. P+P Pöllath + Partners advised yabeoImpact on the transaction.
yabeo Impact’s investment strategy is aligned with the UN’s 17 Sustainable Development Goals (SDGs). The focus here is on CleanTech, AgricultureTech and FoodTech on the environmental impact side, and on inclusion and education on the social impact side.
Wegatech, based in Munich, Germany, plans and installs sustainable energy technology for private households, combining photovoltaic systems, electricity storage, e‑charging columns and electricity-powered heat pump heating systems. Since its founding, Wegatech customers have been able to save more than five million tons of CO2 and produce over 13.3 gigawatts of green electricity to date.
Advisor yabeo Impact: P+P Pöllath + Partners
— Christian Tönies, LL.M. Eur. (Partner, Lead Partner, M&A/VC, Munich/Berlin)
— Dr. Sebastian Gerlinger, LL.M. (Counsel, M&A/VC, Munich/Berlin)
— Markus Döllner (Associate, M&A/VC, Munich)