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Danish VC 9 Realms lands €50 million from EIF to decarbonise the provision chain sector

The European Funding Fund (EIF) has signed a €50 million participation in Danish VC 9 Realms’ newest fund, specializing in supporting early-stage technology-enabled SMEs within the provide chain sector. The primary aim of the funding is to help firms with sturdy concepts to enhance the environmental footprint of the worldwide provide chain, which may account for as much as 90% of a shopper good’s footprint

The fund has a goal dimension of €200 million and can particularly goal provide chain and transportation expertise, industrial decarbonisation & environmental sustainability, and the Blue Economic system for its investments. 9 Realms will primarily deal with the EU; no less than 70% of the investments is destined for EU nations. The fund may have a specific deal with Germany, already a key marketplace for the fund supervisor, the place it can additionally open a neighborhood workplace.

“We’re thrilled that the European Funding Fund recognises the immense potential on the intersection of provide chain and sustainability,” added Sune Stilling, Managing Accomplice at 9 Realms VC. “Their funding in 9 Realms Fund I validates our imaginative and prescient to help transformative applied sciences that not solely optimise effectivity and resiliency, but additionally drive vital environmental influence. With our deep experience in each Provide Chain and Enterprise Capital, we’re uniquely positioned to establish and nurture the following technology of game-changers on this €7 trillion market⁠⁠. Collectively, we’ll construct a extra resilient, environment friendly, and sustainable future for international provide chains.”

9 Realms is ready to deal with one of many current funding gaps within the early-stage phase of the provision chain expertise sector in Europe, in addition to a maturity hole between the European and American ecosystems. Europe at the moment accounts for less than 5% of logistics enterprise funding worldwide, whereas representing 13% of general enterprise funding, and regardless of having greater than 50% of huge logistics firms headquartered in Europe.

“Provide chains are an underestimated a part of our local weather puzzle,” added EIF Chief Govt Marjut Falkstedt. “When it comes to each its carbon footprint and the optimisation of logistics for perishable items, there’s a lot to realize on this sector. We’re glad that 9 Realms takes on the problem and are joyful to help this as an integral a part of our local weather financing.”


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