Pale blue dot

Pale Blue Dot is a prominent European venture capital firm headquartered in Malmö, Sweden, with a singular focus on climate technology. Established with a mission to invest in solutions that mitigate, reverse, or help adapt to the effects of climate change, the firm backs early-stage startups across Europe and beyond. Their investment thesis is deeply rooted in the urgency of the climate crisis, seeking out companies that offer both significant environmental impact and strong financial returns. This dual focus positions them as a key player in the rapidly expanding climate tech ecosystem, attracting founders who are building the next generation of sustainable businesses.

The firm typically targets pre-seed and seed-stage companies, often being the first institutional investor. They are known for their hands-on approach, providing support beyond capital, including strategic guidance, network access, and operational expertise to help their portfolio companies scale. Pale Blue Dot closed its inaugural fund in 2021, raising €87 million (approximately $94 million), which quickly established their presence in the climate tech space. This initial success paved the way for their second fund, announced in late 2023, which secured €100 million (approximately $108 million) in commitments, demonstrating continued investor confidence in their strategy and market focus.

Pale Blue Dot's typical first check sizes range from €500,000 to €2 million, translating to approximately $540,000 to $2,160,000 based on recent exchange rates. While primarily focused on European ventures, their mandate allows for investments in companies globally if they align with the firm's core climate mission. Their portfolio spans diverse sectors within climate tech, including renewable energy, sustainable agriculture, carbon capture, circular economy solutions, and climate adaptation technologies. The firm's commitment to fostering a sustainable future, combined with its strategic investment approach and substantial capital, makes it a significant partner for climate-focused entrepreneurs.