Econos was among the LPs that have committed to the green search engine provider’s venture capital vehicle, which is set to reach a first close early next year.
Germany-based ecologically-minded search engine operator Ecosia formed a venture capital vehicle dubbed World Fund yesterday with a €350m ($405m) targeted close, to back entrepreneurs working to tackle climate change.
Sustainability investment platform Econos is among almost 60 limited partners for the fund, as are private investors including Rolf Schrömgens, Verena Pausder and Philipp Pausder.
Founded in 2009, Ecosia runs an online search engine and donates its advertising proceeds to reforestation initiatives. More than half of World Fund’s capital has already…
