Swiss impact VC targets €180m final close for circular economy startups
21 Jun 2026
12:00
Switzerland-based impact fund Una Terra plans to close its first fund by the end of this year at between €150m and €180m.
The fund will back circular economy startups at the scale-up phase, prioritising sustainable businesses over hockey-stick growth.
"We are not necessarily looking for unicorns," managing partner Luca Zerbini tells Impact Loop. "We actually want like 80-90% of the companies we invest in to be successful."
The fund will back circular economy startups at the scale-up phase, prioritising sustainable businesses over hockey-stick growth.
"We are not necessarily looking for unicorns," managing partner Luca Zerbini tells Impact Loop. "We actually want like 80-90% of the companies we invest in to be successful."
Una Terra, a Zurich-based venture capital fund focused on the circular economy, is targeting a final close of between €150m and €180m by end of 2026, according to managing partner Luca Zerbini.
The fund held a first close of €30m in September 2025, backed by the Prince Albert II of Monaco Foundation, Deutsche Nachhaltigkeit, and a group of family offices. A second close targeting a further €75m is now in progress.