Pinsent Masons advises climate-tech venture capital fund, Systemiq Capital, on the $70m closing of its second fund

Systemiq Capital is a Europe-based fund linking fast-growth climate change innovators with its global network of corporates, policy-makers, and follow-on investors to allow early market adoption. It supports companies which, if scaled, can drive systemic change in four areas at the heart of the fight against climate change: sustainable food and materials, clean transport, climate intelligence and finance, and climate restoration.

Partner Ian Warner led the Pinsent Masons team which included Rebecca Clark, Ceit Macmillan, Richard Croker and with Luxembourg advice led by Mark Shaw, a funds partner in the new Pinsent Masons Luxembourg practice.

Commenting on the deal, Ian Warner said: “We are proud to work with the most ambitious, innovative fund managers such as Systemiq Capital, who shape the future and support early-stage climate tech companies that will accelerate the transition to a resilient, clean and just global economy. This new fund has the potential to make investments in really exciting new businesses and technologies and we are proud to have played a part in helping with that.”

Systemiq Capital’s Jessica Stewart added: “We really enjoyed working with the whole Pinsent team on the establishment of the new fund. They provided us with practical, commercial and market focussed advice at all stages of the fund raise and went to great lengths to work with us to ensure a successful first close.”