London-based cleantech investor I2BF is hoping to raise $100 million (£65 million) for a new global venture capital fund.
London-based cleantech investor I2BF is hoping to raise $100 million (£65 million) for a new global venture capital fund.
IB2F Venture Fund II will invest in early-stage companies working in the renewable power, energy efficiency and energy storage sectors. It will principally target the developed markets of Europe and the US.
This comes after the firm’s first fund, I2BF Holdings I, raised close to $75 million.
Ilya Golubovich, founding partner of I2BF, says the second fund has already secured approximately $25 million from new and existing investors.
Adds Golubovich, ‘We are very optimistic about the fund and already have a potential pipeline of 23 portfolio companies.’
I2BF’s existing portfolio includes Southampton-based Bowman Power, which aims to recover waste heat from power plants, as well as South Korean power storage specialist Nesscap and ‘two-blade’ wind turbine developer Nordic WindPower.
