Eurazeo has announced the initial closing of its Smart City II Venture fund at €80 million ($97 million) to invest in the most promising energy, mobility proptech and logistics startup worldwide.
This first round of fundraising has brought together top-tier investors, including long-standing partners of Smart City II Venture Fund, as well as new partners in Europe and Asia: French, German and Asian groups (carmaker Stellantis, electric utilities EDF and Mainova, public transportation operator RATP, energy major Total, logistics champion Duisport and Thaï real estate developer Sansiri), institutional investors, such as PRO BTP, and family offices.
The success of this round of fundraising reflects the strategy adopted by the Smart City Venture team which, through its Smart City I Venture Fund, has already made nearly 25 investments spanning not only Europe, but also Asia and North America.
The Smart City Venture team invests into innovative digital companies, w