Planet A is an impact investor from Hamburg that finances startups that have a positive impact on the planet. To do so, the company uses scientific criteria. Now the venture capitalist has announced the closing of a 160-million-euro fund.
News
February 9, 2023
Planet A launches fund with 160 million euros for greentech startups
© Planet A: the founders Nick de la Forge, Tobias Seikel, Christian Schad, Lena Thiede, Christoph Gras and Fridtjof Detzner
Planet A invests according to scientific criteria
Planet A was founded in 2020 by Tobias Seikel, Nick de la Forge, Fridtjof Detzner, Christian Schad, Christoph Gras and Lena Thiede. The goal is to support startups that have developed business models on topics such as climate protection, waste avoidance, plastic replacement, resource conservation and biodiversity protection. In the process, all concepts are scientifically tested for practicability and effectiveness based on a set of criteria.
"Many funds look at CO2 emissions only. We go beyond climate mitigation and also look at biodiversity protection, resource savings, and waste reduction. Our scientific assessments allow us to understand how much better an innovation is compared to the status quo. This in turn enables us to identify the winners of the massive economic transformation that we are seeing."
Lena Thiede, founder Planet A
Investors in the new fund include BMW, KfW Capital, REWE, the Danish state investment fund Vaekstfonden, and serial founders and business angels such as Rolf Schrömgens (founder of Trivago), Maximilian Backhaus (Hellofresh) and Rubin Ritter (Zalando). Planet A has already invested in 14 startups. From the Hamburg metro region, traceless materials, WILDPLASTIC and one • fıve are among them.
