ABN AMRO invests in all-female founded climate-tech fund Blume Equity

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  • Sustainability

Blume Equity is the fifth climate-related fund investment taken on by ABN AMRO Corporate Investments, and an important step in supporting and accelerating the transition to a zero-carbon economy. Blume Equity, founded by three female entrepreneurs, is a climate-tech growth investor with an impact lens in disruptive European scale-ups. Through this investment, ABN AMRO will provide capital to businesses that are solving the climate emergency.

Blume Equity LLP is a London- and Amsterdam-based growth equity firm. Blume Equity Fund I SCSp, has recently been nominated by investors for the European VC Newcomer of the Year award. The team will close their capital raise in the coming months and expect to exceed their target capital of € 200 million. Blume Equity has already conducted five investments, including Sensorfact, a software platform for smart sensors to save energy usage, Aerones, a robot-enabled maintenance service provider for wind farms, and Normative, a carbon accounting platform. As part its climate strategy, ABN AMRO is investing a total of € 1 billion in early-stage capital through direct equity investments, fund investments and hybrid capital investments.

Floris Lyppens, Managing Director ABN AMRO Corporate Investments, about the investment in Blume Equity: “Co-founders Michelle Capiod, Eleanor Blagbrough and Clare Murray, with backgrounds as investors, strategy consultants and sustainability experts, are a team with an impressive track record, a strong ecosystem and all the right skills to support European entrepreneurs in scaling up their sustainable businesses. We look forward to working together with Blume Equity towards a sustainable future.”

Clare Murray, Co-Founding Partner of Blume Equity, about partnering up with ABN AMRO: "We are delighted to partner with ABN AMRO to support Blume’s profit with purpose mission, supporting European entrepreneurs tackling the climate emergency. ABN AMRO’s commitment both to the environment and to supporting the growth-stage ecosystem in Europe makes ABN AMRO a very aligned and value-adding partner to Blume Equity.”

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ABN AMRO Corporate Investments offers ABN AMRO clients an opportunity to help accelerate the transition to a sustainable and inclusive society through a comprehensive array of capital products. These include its Sustainable Impact Fund, which holds direct investments in companies, hybrid capital, and climate-related fund investments.

All references throughout refer to the Blume Equity Fund. Blume Equity LLP is the investment advisor to the Blume Equity Fund.