The Footprint Fund I raises DKK 375 million in first closing

Case News
Less than 5 years after having founded The Footprint Firm, the Footprint team has now raised The Footprint Fund I with DKK 375 million in its first closing. The Fund is an ambitious SFDR Article 9 venture fund, which will invest in start-ups and scale-ups with the goal of contributing to the green transition of the most central industries from a sustainability perspective. Plesner's Private Investment Funds team has advised the Footprint team in all phases of the establishment of the fund.

Since 2019, The Footprint Firm has, with a focus on driving forward sustainable change and based on an idea of establishing the highest level of knowledge on sustainability, advised established foundations, companies and investors on how to move towards more sustainable ways of doing business. 

In less than 5 years The Footprint Firm has grown to 50 people, has invested in over 20 start-ups and scale-ups, and is now launching its first fund, The Footprint Fund I, backed by several well-known institutional investors. After starting fundraising in the late summer of 2023, the fund has reached its target size of DKK 375 million in its first closing.

The Footprint Fund I is the culmination so far of the company’s work to drive impact and accelerate the green transition through early-stage investments into innovative start-ups and scale-ups addressing the climate and biodiversity crises. The Footprint Firm I is an ambitious SFDR Article 9 fund that invests in start-ups and scale-ups across six verticals aimed at transitioning key industries and scaling future innovation. These verticals include Food & Agriculture, Energy, Built Environment, Climate Tech, Bio-Solutions and Circularity.

Plesner's Private Investment Funds team has together with our Regulatory Solutions team and Tax Law team advised the Footprint team in all phases of the establishment of the fund.