Suma Capital announces the final closing of SC Net Zero Ventures I, the Climate Tech fund within its SC Venture strategy, with €210 million committed, representing a 40% increase over the initial target of €150 million. This scale-up strengthens the fund’s ability to decisively support its portfolio companies and help close the European climate tech scale-up gap. The vehicle, focused on companies in the expansion stage (scale-up stage), consolidates Suma Capital’s role as a transformative player in financing technologies that drive the energy transition and industrial decarbonization in Europe, reinforcing its purpose-driven capital model: economic return and real, measurable, and shared impact.
Solid and strategic investor base
The fund has a diversified investor base that combines industrial vision, institutional strength, and private capital. Notable among them are Repsol, as anchor investor and strategic partner in industrial decarbonization; the European Investment Fund (EIF), with financial backing from the European Union; Spanish public institutions — ICO, CDTI, ICF, IVF, and Seed Bizkaia — as well as international fund-of-funds and foreign institutions, along with a select group of family offices. This backing confirms confidence in the fund’s investment thesis and its ability to scale Net Zero solutions with impact on the real economy.
Investment thesis and value proposition
SC Net Zero Ventures I will invest in industrial and B2B companies deploying enabling technologies and scalable models in Europe in areas such as:
The fund offers flexible financing, strategic support, and access to a network of industrial partners to accelerate growth and adoption of Net Zero solutions.
Natalia Ruiz, partner at Suma Capital, states: “With this final close, we reinforce our role as a reference partner for companies leading industrial decarbonization in Europe. Through SC Venture, we support climate scaleups with validated technology and commercial traction, driving their expansion and their long-term environmental and competitive impact.”
Gema García, Head of Repsol Corporate Venturing, adds: “At Repsol we believe alliances are essential to accelerate the energy transition. Our participation as anchor investor in SC Net Zero Ventures I reinforces the ambition to promote technologies with real industrial application, capable of generating measurable environmental impact and delivering long-term competitiveness. Collaboration with Suma Capital is an example of how capital and industry can move forward together towards the 2035 goals.”
Initial portfolio
The fund has already begun deploying capital in companies such as HESSTEC (energy storage), Corinex (grid digitalization and management), H2SITE (green hydrogen), and V2C (smart charging for electric vehicles). All of them illustrate the focus on technologies accelerating industrial decarbonization and Europe’s energy transition.
Aligned with European Climate Goals
SC Net Zero Ventures I is aligned with the 2050 climate neutrality targets and has a specialized management team combining financial, technical, and sector expertise. With presence in Barcelona, Madrid, Paris, and Milan, Suma Capital strengthens its pan-European ambition and its purpose of becoming a European reference in environmental sustainability investment.
With this milestone, Suma Capital reinforces its role as investor and driver of a more sustainable and competitive economic model, acting beyond investment to generate partnerships and measurable outcomes.
This operation benefits from the financial support of the European Union through the European Investment Fund (EIF).
SC Net Zero Ventures I, a Climate Tech fund managed by Suma Capital in strategic alliance with Repsol as anchor investor, consolidates its position as one of the leading European funds in its segment.
