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360 Capital, a European venture capital player, announces the closing of its second fund dedicated to Climate Tech, 360 LIFE IIequipped with 140 million euros. This fund aims to support innovative European startups in three strategic verticals: energy transition, circular economy and urban sustainability.
With this closing, 360 Capital expands an already active range of investment funds, including 360 Digitaly Fund (30 million euros, launched in 2022) and the 360 Square II Seed Fund (45 million euros, dedicated to the early stage). These funds are part of 360 Capital’s multi-sector strategy, focused on supporting European entrepreneurs in key sectors.
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360 LIFE II: catalyzing European Climate Tech
360 LIFE II focuses on Series A and B companies, with a focus on solutions deeptech And hardware. The fund is part of the initiative Tibi 2 and benefits from the classification Article 9 SFDRensuring alignment with European requirements for sustainable finance.
Among its investors are industrialists such as A2A And From Noraas well as institutions such as Bpifrance And CDP Venture Capital. “The ecological transition is essential. We are capitalizing on our expertise in deeptech to support visionary entrepreneurs capable of building sustainable businesses,” declared in a press release. Alexandre Mordacqpartner at 360 Capital.
The first fund, 360 LIFE I, illustrates the potential of this strategy: it made it possible to finance eight startups in five countries, including Energy DomeItalian pioneer in energy storage, which raised 120 million euros in 2023 from major players such as the European Investment Bank.
360 Digitaly Fund: bridging the digital divide in Italy
THE 360 Digitaly Fund targets early-stage Italian startups operating in sectors that are still poorly digitalized. This fund of 30 million eurossupported by CDP Venture Capital via the Digital Transition Fund – PNRRfocuses on disruptive digital solutions to transform traditional industries.
Since its launch, the fund has made five investments, notably in Talentware (talent management), Source (supply platform), Guidoio (digitalized driving lessons), Jampy (ecological products for animals) and Zefi.aian AI platform that has raised 1.6 million euros to expand its activities in Europe.
“ 360 Digitaly is a bet on a new generation of Italian entrepreneurs. We want to make Italy an essential place to launch startups in the years to come,” says Lucrezia Lucottipartner at 360 Capital.
360 Square II: an early-stage fund for Southern Europe
With 360 Square IIequipped with 45 million euros360 Capital extends its first fund 360 Square Iwhich made it possible to invest in 24 startups, including successes like Exotec, Preligens And Casavo. The new fund targets investments in pre-seed And seed with tickets ranging from 200,000 to 2 million eurosmainly in the sectors deeptech, B2B software And consumer tech.
The fund focuses on France, Italy and Spain, and benefits from the support of investors such as Bpifrancevia the National Seed Fund 2, MAIF FutureAnd Crédit Mutuel Arkéa. “This phase of the startup life cycle offers the best risk-return combination,” says Fausto Bonico-founder of 360 Capital.
A year marked by strategic exits
In 2024, 360 Capital recorded two notable exits:
- Regattaa startup specializing in financial solutions for businesses, was acquired by Qonto. With 450,000 customers and total funding of 27 million eurosRegate joins Qonto to form a department dedicated to financial services for accounting firms.
- Preligensan SME specializing in artificial intelligence applied to defense, was acquired by Saffron For 220 million euros. This operation strengthens the capabilities of Safran Electronics & Defense and aims to accelerate the development of Preligens in the United States.
However, the entire portfolio is not immune to difficulties. The French startup Prophecyspecialized in vision sensors and considered a European gem in fabless semiconductors, was placed in judicial recovery. In 2022, the company had raised 50 million eurosbringing its total funding to more than 100 million eurosand had signed an ambitious technological partnership with Sony. This failure highlights the challenges of capital-intensive startups in a tense economic context.
