Axel Carbon Capital closes angel-backed impact fund – and drops ‘climate’ label
19 dec. 2025
06:00
Axel Carbon Capital, formerly COREangels Climate, has closed its first fund with backing from over 50 angel investors.
We caught up with founding partners Michele Morabito and Federico Giannetti to find out more – and why they have joined the swathe of climate tech investors dropping the ‘climate’ label.
We caught up with founding partners Michele Morabito and Federico Giannetti to find out more – and why they have joined the swathe of climate tech investors dropping the ‘climate’ label.
Federico Giannetti and Michele Morabito, two investors from Italy, launched COREangels Climate in 2023 as a climate-tech angel investment fund under the broader COREangels network.
The firm, which is an angel-backed investment holding company rather than a VC, emerged at a time when Italy’s climate tech ecosystem was entering second gear after years of stagnation. Giannetti and Morabito set it up to fill a gap in early-stage capital for clean tech, particularly in Southern Europe, where funding is scarcer than further north.