Exclusive: Climentum Capital nears first close of €100m fund amid 'tight' LP market

Stefan Mård, co-founder and general partner, Climentum Capital. Press photo
3 dec. 2025
14:09
Climentum Capital is nearing the first close of its €100m climate 'hard tech' fund, Impact Loop has learned.

We reveal:
–> How much money they've raised so far
–> Which LPs are anchoring the fund
–> And why general partner Stefan Mård thinks they're one of the "lucky ones"

Climentum Capital is inching towards the €60m first close of its second Article 9 climate fund, which aims for €100m at final close.

The Copenhagen-based firm has already lined up more than €50m, leaving what co-founder Stefan Mård calls “single-digit millions” still to raise. He’s targeting the end of Q1 2026 for the first close – if the last LPs fall into place.

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