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Repsol and Suma Capital launch new cleantech VC fund

Repsol and Suma Capital have launched SC Net Zero Tech Ventures, a new venture capital investment fund focused on energy transition technologies.

The fund will assist companies that develop technologies aimed at decarbonisation and the circular economy to foster their growth and international expansion in order to accelerate their application on an industrial scale, and will have capital of up to €150 million. 

In addition, Repsol Corporate Venturing, the company’s current investment vehicle, is entering a new phase and is now called Repsol Deep Tech. Exclusively owned by the multinational company, it will invest in early-stage technology startups and will be endowed with €50 million.

These two funds, which complement each other, are Repsol’s new model for boosting the entrepreneurial ecosystem and detecting technologies that contribute to accelerating the energy transition and achieving net zero emissions by 2050.

Suma Capital is a Spanish private equity fund manager, a specialist in sustainability and supporting high-growth projects. 

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