The NREP-founded Urban Sustainability Technology Fund has reached a final close having received backing from investors including Novo and Toyota unit Woven Capital.
2150, a venture capital group formed by Denmark-based property developer NREP, closed an oversubscribed first vehicle at €268m ($310m) on Tuesday featuring limited partners including carmaker Toyota’s Woven Capital subsidiary.
Financial services provider Credit Suisse also committed to the Urban Sustainability Technology Fund, as did an unnamed client advised by Goldman Sachs Asset Management’s AIMS Imprint, non-profit organisation BMW Foundation and the Norwegian state-sponsored Nysnø Climate Investments.
Urban Sustainability Technology Fund’s final close surpassed its initial target by 33%, according…
