After the success of its Smart City I Venture fund, Eurazeo has announced the initial closing of its Smart City II Venture fund at EUR80 million to invest in the most promising energy, mobility proptech and logistics start-ups worldwide.
The success of this round of fundraising reflects the strategy adopted by the Smart City Venture team which, through its Smart City I Venture Fund, has already made nearly 25 investments spanning not only Europe but also thanks to the Group’s international presence, Asia and North America. Most of these portfolio investments have already demonstrated their international growth potential. This is the case, for example, for the Spanish last-mile logistics specialist Glovo, the American leader in charging networks for electric vehicles, Volta Charging, and the Chinese pioneer of autonomous mobility, Weride.
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