Profile
Primo Climate is a growth-stage venture capital fund based in Milan, Italy. Established under the auspices of Primo Capital SGR S.p.A., the firm focuses exclusively on technologies that facilitate the green transition and enhance supply chain resilience in Europe. The team comprises experienced professionals with backgrounds in sustainability and venture investing. What sets Primo Climate apart is its commitment to ESG principles and its partnership with LifeGate as a sustainability advisor. The fund is classified as Article 8 under the SFDR, promoting ESG best practices throughout its investment lifecycle.
Primo Climate invests in a variety of technological sectors including infrastructure, advanced recycling, and alternatives to traditional materials. It typically makes investments in the range of $10-50 million, focusing on growth-stage companies. The fund is backed by CDP Venture Capital SGR S.p.A. and the Green Transition Fund, with additional support from the European Union's NextGeneration EU initiative.
Notable investments by Primo Climate include BluBrake - a provider of advanced braking systems, DMAT - a company focused on alternative materials, Krillmat - specializing in sustainable marine solutions, Rarearth - a recycler of critical materials, and Rara Factory - a developer of biodegradable solutions.
Industry
Primo Climate Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Climate Fund
|
Aerospace
Digital
Infrastructure
HealthTech
ClimateTech
|
Late Stage (Series C+)
|
Europe
|
$10-50 m
|
—
|
September 2026
|
|
|
Primo Climate Fund
|
Venture Capital (VC)
|
ClimateTech
HealthTech
Infrastructure
Digital
Aerospace
|
Seed
Pre-seed
Late Stage (Series C+)
|
Europe
|
$1-5 m
|
$60 M
|
January 2025
|
Contacts
Instant access on the web. Plans from $129/month — see pricing.