Eurazeo has held the second closing of the Eurazeo Smart City II Venture fund1 at EUR150 million with new institutional and corporate partners in Europe and Asia.
After the success of its initial closing at EUR80 million in 2021, this second closing brings together top-tier institutional and corporate investors including European Investment Fund (EIF), the Korean Venture Investment Corporation (KVIC), Momentum Venture Capital (SMRT, Singapore), SCG (Thailand) and SWK the German electric utility. These new partners join an already strong group in Europe and Asia which includes French, German, and Asian groups such as carmaker Stellantis, electric utilities EDF and Mainova, mass transit operator RATP, energy major Total, logistics champion Duisport and Thai real estate developer Sansiri as well as institutional investors PRO BTP and family offices.
Eurazeo’s Venture practice has been active in the Smart City space since 2016. The Eurazeo Venture Smart City Fund’s focus is to invest in high-growth, innovative companies fostering the transition towards more liveable and sustainable cities. The fund will invest in the most critical sectors to transition towards a low-carbon economy worldwide: Energy, Mobility, Logistics, Buildings and Industrial Tech.
