Backed by over 40 founders and builders across Europe, the fund’s largest limited partner is Estonia’s SmartCap Defence Fund.

The proceeds will be used to accelerate its expansion across Europe and push cities further away from van-based delivery systems.

The firm saw support from Supernode Global, Adesso Ventures, Angel Invest, and Dnipro VC.

Tallinn-based climate tech eAgronom has raised funds from Mondelēz International to enhance regenerative farming throughout Europe.

Tallinn-based SaaS startup Esgrid has raised €900,000 led by 2C Ventures, with support from Lemonade Stand and Greenco Ventures.

Tallinn-based climate tech startup UP Catalyst has raised €18 million in funding to scale up molten salt electrolysis technology.

Tallinn-based startup Fleetbrains has secured €800,000 in funding from Icebreaker.vc.

Tallinn-based greentech startup Stargate Hydrogen has raised €11 million in a Series A in equity investments.