The firm has now has closed its first fund at €160M to back founders tackling the world‘s largest environmental problems. The Germany-based VC aims to take a novel “science-based” approach. It has engaged a full science team, to which it will hand the power of veto over investment decisions. The in-house science team will conduct “life cycle assessments” as part of its due diligence into a startup. If startup the fund is looking to back doesn’t have a significant positive impact on the environment, then the deal won’t go through. Investors in the fund include BMW, KfW Capital (a large development banks), REWE (one of the largest German retailers), the Danish state's investment fund Vaekstfonden/EIFO and serial entrepreneurs such as Rolf Schrömgens (Trivago), Maximilian Backhaus (HelloFresh) and Rubin Ritter (Zalando).