Fund: Icos Cleantech Early Stage Fund II
Managers: Icos Capital
Stage: First closing
Netherlands-based investor Icos Capital has announced the first close of the Icos Cleantech Early Stage Fund II (ICF II). The vehicle received backing from, inter alia, Royal BAM Group, Imtech and Delft University of Technology (DUT).The fund will invest up to €2.5 million in ten high growth start-ups in the areas of energy, food, water, recycling and construction.
Icos Capital’s partners, Nityen Lal, Peter van Gelderen and Fred van Efferink, will manage the fund, which will primarily target unique and proprietary technologies that address scarcity of resources and climate issues. Its predecessor, Icos Cleantech Fund I (ICF I), invested in strategic partnerships with CSM and Imtech, both prominent players in the cleantech arena.
ICF I, with annual deal flow exceeding 300, has invested in several high profile technology start-ups, including Dutch Rainmaker and Biaqua with water technology propositions, and I-res, Ensartech and Resteel, with material and energy recovery technology propositions.
“The unique partnership with major cleantech corporations like BAM, CSM, Imtech and DUT delivers unparalleled support in sourcing, screening and growing innovative start-ups into internationally successful cleantech companies, ” noted Nityen Lal, managing director of Icos Capital.
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