A/O, one of Europe’s largest venture capital firms primarily focused on investments in built-world technologies, has held the first close of its new flagship fund, which is targeting €250m in capital commitments.
Founded in 2019, A/O is committed to investing in technologies that aim to reduce greenhouse gas emissions, build climate resiliency, accelerate the energy transition, and the digitalisation of the real estate and construction industries. According to recent reports, real estate is responsible for an estimated 40% of global CO2 emissions.
A/O’s investment landscape spans the entire lifecycle of the built world – from supply chain, new materials, and AEC (architecture, engineering, and construction), to building operations and management, targeting decarbonisation, climate resiliency, electrification and energy transition, as well as digitisation, automation and big data management through a mix of software, hardware, deeptech and AI.
Through Fund I, A/O invested in 22 companies throughout the lifecycle of the built world. Some of AO’s portfolio companies have gone on to attract global later stage investors including Coatue, Target Global, Brookfield, Wellington Management, Highland Europe, Nvidia, among others.
The first investment from Fund II has already been announced with Enter’s €19.4 million Series A.