Mountain Cleantech announces first close of Fund II at €23m

Swiss investment company Mountain Cleantech has announced the first close of Mountain Cleantech Fund II at €23m (£20m).

With a target fund size of €100m (£87m), Mountain Cleantech Fund II is targeted to become the largest dedicated growth equity Cleantech fund in the German-speaking and Nordic regions.

Fund II will seek investment opportunities primarily in the renewable energy, energy efficiency, recycling and new materials sectors.

Target investment regions for Fund II are primarily the German-speaking countries (Germany, Austria, Switzerland) as well as the Nordic countries.