A/O, a London, UK-based venture capital firm, launched €250M Fund II.
The fund invests in Seed to Series B startups across Europe, UK and North America. The first investment from Fund II has already been announced with Enter’s €19.4m Series A, The second investment is into a company currently in stealth mode, developing a digital first solution and software platform solving the skilled labour shortages currently holding back the retrofitting industry.
Founded in 2019 and led by Gregory Dewerpe, founder and CIO, A/O is committed to investing in technologies that enable the ‘positive transformation’ of the built world, from supply chain, new materials, and AEC (architecture, engineering, and construction), to building operations and management, targeting decarbonisation, climate resiliency, electrification and energy transition, as well as digitisation, automation and big data management through a mix of software, hardware, deeptech and AI.
Through Fund I, A/O invested in 22 companies including, amongst others:
- SPAN, a California-based housing electrification solutions provider
- Satellite Vu, a UK-based Earth Observation firm
- PassiveLogic, a US-based next-gen BMS leveraging AI to operate buildings more efficiently
- 011H, a Spain-based sustainable mass timber prefab developer
- Plentific, a UK-based property management software platform and trades marketplace
A/O currently counts 13 team members, across investments, research and data science with a unique diversity of background, experience, ethnicity and gender. With Fund II, the firm plans to hire more investors, as well as its first head of sustainability who will help execute on the firm’s proprietary “impactful change” framework and help accelerate sustainability goals across its stakeholders.
FinSMEs
28/07/2023