The fintech venture firm, which counts Commerzbank as its sole limited partner, announced its $335m Fund III today with an increased focus on climate technology.
CommerzVentures, the venture capital firm financed by Germany-based financial services firm Commerzbank, launched its €300m ($335m) third fund today.
The firm was formed as Commerzbank’s dedicated corporate venturing unit, closing a €100m debut first fund in 2014 and a €150m successor five years later, by which time it had been spun off through an independent investment manager while retaining the bank as its sole limited partner.
The fund will continue to focus on financial technology, and in particular the junction…
