Althelia

Althelia Climate Fund, managed by Mirova Natural Capital, is a pioneering impact investment fund focused on natural capital. Its core strategy revolves around mitigating climate change, protecting biodiversity, and promoting sustainable land use, particularly in Africa and Latin America, with a secondary focus on Asia. The fund has been highly active since its launch in 2013, notably investing in projects that generate environmental credits, such as forest carbon credits, which are sold to voluntary offset markets. Althelia's investment philosophy emphasizes "blended value," combining strong financial returns with social and environmental outcomes. The fund's investments target agroforestry, ecosystem conservation, and carbon emissions reduction. Althelia's portfolio has been designed to tackle deforestation frontiers, collaborating with public-private partnerships and leveraging institutional support from entities like USAID. The average investment size typically ranges from €5 million to €8 million, often taking a lead in project development. Key personnel, such as Edit Kiss and the broader Mirova team, are based in Europe, with extensive experience in environmental markets and sustainable finance. They prefer projects aligned with measurable ecological and social impacts. Startups seeking funding should demonstrate both economic resilience and a clear environmental mission, with a preference for early engagement during project development.