Norwegian climate fund lands €25m EU backing for adaptation tech
The European Investment Fund has become the anchor investor in Momentum's third fund, which aims to back 20 early-stage impact companies across the Nordics and EU.
The Norwegian climate venture capital firm Momentum has secured a €25m commitment from the European Investment Fund (EIF) for its third fund, according to Impact Investor.
The Oslo-based VC is targeting a total fund size of €51m to invest in early-stage companies focused on climate solutions and sustainability.