GET Fund Announces First Close of Its Latest Fund to Back Green European Tech Startups

Munich/Berlin, July 2, 2024 – GET Fund (Green European Tech Fund), an impact venture capital firm, is pleased to announce the first close of its new fund dedicated to investing in innovative cleantech solutions and impactful businesses across the energy, mobility, ag&food, and industrial sectors.

A Commitment to Sustainable Growth and Innovation

Previously known as Munich Venture Partners, the team rebranded and now operates as GET Fund. The team has been at the forefront of cleantech and impact investing for more than 15 years, leveraging its expertise, a robust sustainability framework, as well as its extensive track record. Building upon a long history of ESG and impact investing, GET Fund classifies as an Article 9 SFDR fund. The team integrates a science-based impact framework based on the Triple Top Line to align the environmental and social impact of business models with the financial return expectations of venture capital investors.

The first close has been supported by a diverse group of investors including European Investment Fund, BNP Paribas, Sächsische Aufbaubank, German energy provider Yippie, automotive and industrial supplier Schaeffler, Japanese chemicals company Asahi Kasei, and Dr. Hettich all of whom recognize GET Fund’s distinct advantages. Current commitments to the fund sum up to €100 million.

“GET Fund is a perfect fit for us as a limited partner because of its clear investment focus and a robust sustainability assessment. GET Fund’s approach to developing sustainable businesses that emphasize economic growth, social equity, and environmental stewardship is exactly what we need to drive positive change across the industry. Their commitment to these principles makes them an ideal partner for us.” said Niels Fehre, Head of Schaeffler Invest GmbH at Schaeffler.

“At the EIF, we are committed to leveraging our resources in pursuit of a greener, cleaner future. Through investments like this one, we also aim to make a meaningful contribution to the EU’s ambitious climate goals, teaming up with an experienced team to support innovative technologies that can drive the green transition,” said Marjut Falkstedt, EIF Chief Executive.

Diverse and Experienced Leadership

The GET Fund is managed by a team of seasoned professionals with a combined 70+ years of venture capital investing experience and very diverse backgrounds.

The GET Fund team, copyright Bernhard Haselbeck

“We are excited to embark on this journey with the strong support of our investors,” said Dr. Isabelle Canu, Partner at GET Fund. “Our focus on digitally enhanced cleantech solutions and our impact assessment based on the Triple Top Line, uniquely positions us to drive both financial returns and sustainable growth.”

Strategic Focus and Investment Plans

GET Fund plans to invest in up to 20 high-potential startups, providing them with the resources needed to scale and achieve market leadership. The fund will focus on Series A and B investments, supporting portfolio companies through multiple rounds of financing and strategic guidance. The investment focus is on hybrid hardware-software solutions that are both highly scalable and suitable for VC financing.

All GET Fund Partners are available for interviews. Please contact Dr. Isabelle Canu to set up a call


About GET Fund

GET Fund (Green European Tech Fund) is an impact venture capital firm dedicated to investing in transformative green technologies across Europe. With over 15 years of experience, GET Fund supports innovative startups in energy, mobility, ag&food, and industrial sectors, aiming to drive sustainable solutions and significant environmental impact. The fund focuses on Series A and B investments in high-potential startups with hybrid hardware-software solutions that are both highly scalable and suitable for VC financing.

Managed by a diverse and experienced team including Isabelle Canu, Martin Kröner, Florian Löbermann, and Michael Sailer as Partners, and Beatrice Böhm and Julian Klaiber as Principals, GET Fund was previously known as Munich Venture Partners (MVP). The team has been at the forefront of cleantech and impact investing, leveraging its expertise, a robust sustainability framework, and its extensive track record. The team has backed successful investments in energy storage, virtual power plants, IoT, energy efficiency, and 3D printing.

Find more information about GET Fund here:

About EIF

The European Investment Fund (EIF) is part of the EIB Group. It supports Europe’s SMEs by improving their access to finance through a wide range of selected financial intermediaries. The EIF designs, promotes and implements equity and debt financing instruments targeting SMEs. In this role, EIF fosters EU objectives in support of entrepreneurship, growth, innovation, research and development, the green and digital transitions and employment.

The origin of the EIF invested capital is partially the GFF – EIF Growth Facility (including the respective match funding invested by ERP and EIF).