As part of its new 2035 Industrial Plan, A2A has joined forces with 360 Capital again for a second CVC fund on its way to a $217m target.
Patrick Oungre, head of innovation and corporate venture capital of A2A. Image courtesy of LinkedIn.
Italian utility company A2A has formed 360 Life II, an energy transition-focused corporate venture capital fund with a target size of €200m ($217m).
A2A is the initiative’s anchor investor and industrial partner, in partnership with deeptech venture capital firm 360 Capital. Besides clean energy, the new fund will target European startups developing circular economy-related technologies.
READ MORE:
The programme follows 360 Life I, which was launched in 2020. Its portfolio includes energy storage company Energy Dome, AI waste analytics platform Greyparrot and Siteflow, which provides cloud-based software for nuclear operational management.
“This initiative collects the positive experience of our CVC programme and relaunches it with an even broader commitment, in line with the group’s new 2035 Industrial Plan,” Patrick Oungre (pictured), head of innovation and CVC of A2A.
“Together with the fund’s partners, we are ready to support startups with the common goal of converting investments into concrete projects and supporting the development of the innovation ecosystem.”
