Extantia

We’re beyond proud to celebrate our portfolio company, Reverion, for securing €19.5 million in funding from the European Innovation Fund implemented by the CINEA - European Climate, Infrastructure and Environment Executive Agency to scale the production of their reversible power plants as part of the RESILIENCE project! Reverion’s cutting-edge technology is set to make a huge impact on the biogas sector. This funding will enable the expansion of the production of innovative, reversible power plants as part of the RESILIENCE project. The project aims to scale the manufacturing of modular, container-based power plants, making a decisive contribution to the decarbonisation of the biogas sector. This expansion will also create new jobs and boost the local supply chain. Congratulations to the whole Reverion team on this important milestone! We’re honoured to support such game-changing innovation and this incredible team driving it forward – Felix, Stephan, Luis, Jeremias, Maximilian, Dr. Dora, Maximilian, Andreas. Go Reverion 💪💚 #Reverion #InnovFund #ClimatePositivePower cc. Torben, Yair, Nina, Sebastian, Joern-Carlos, Oliver, Fernanda, Ashwin, Michael, Jana, Jean, Julien, Aurianne, Roee, Dr. Christoph, Pascal

The next few weeks of March are packed with events, and we wouldn’t have it any other way. Our team will be on the ground at key gatherings across Europe. Here’s where to find us: InvestEU Portal Deeptech Summit by EuroQuity - Bpifrance 📍 Paris, France, March 10 Nina will be attending this deep tech-focused event, diving into investment opportunities and innovation. She will serve as a jury member for the Women in Deep Tech & Clean Tech and Energy sessions. Hello Tomorrow – 10th Anniversary Edition 📍 Paris, France, March 13-14 A milestone year for Hello Tomorrow, celebrating a decade of deep tech innovation (congrats Selma, Arnaud, Thomas, and the entire team). Yair, Carlota, Nina, and Fernanda will be in Paris for Hello Tomorrow's key events. We’re also co-hosting an invite-only night cap on the 13th with our friends from Marble and Toyota Ventures. Yair will moderate Friday’s Global Summit opening panel on the future of climate tech. He will be joined by Rajesh (Khosla Ventures), Liza (Carbon Equity), and Laurie (At One Ventures). You don't want to miss this one! SET Tech Festival by Start Up Energy Transition 📍 Berlin, Germany, March 18 Paul and Elisabeth will be at this key gathering for energy innovators and investors. Make sure to say hi. Investor Meetup & Cleantech Showcase by Cleantech Scandinavia 📍 Berlin, Germany, March 19 Paul and Paola will be attending this event, which will spotlight the Nordic region's most promising cleantech startups. Urban Innovation Forum by Climate Tech Hub e.V. 📍 Berlin, Germany, March 20 Christian is speaking on the panel “Resilient Growth – Break Things, Fix the Planet”, where he’ll dive into how disruptive climate tech can scale solutions that truly make an impact, alongside Ludwig (Swobbee) and Ed (Wisconsin Economic Development Corporation). VentureCon Bioökonomie 📍 Munich, Germany, March 24 Elisabeth will be at this event exploring the intersection of venture capital and the bioeconomy. We look forward to have conversations that matter at events that drive impact. If you’ll be at any of these events, let’s connect. See you there!

A new era for plastic recycling is here! Extantia is proud to lead Epoch Biodesign’s $18.3M oversubscribed Series A, joined by Inditex, Lowercarbon Capital, Happiness Capital | Certified B Corp, Kibo Invest, Day One Ventures, KOMPAS VC, and others, plus a $1M grant from the UK government. Epoch is redefining plastic recycling with supercharged enzymes that break down even the toughest plastics — no high heat, no toxic byproducts, no downcycling. Instead of low-value waste, they create high-performance recycled materials that compete with virgin plastics on cost and quality. This funding will take Epoch’s breakthrough technology to the next level, scaling up operations, launching its first plant, and working with major players in fashion, automotive, and chemicals to close the loop on plastic waste. “Plastic itself isn’t the problem—it’s how we use and dispose of it. When designed, sourced, and recycled responsibly, plastic can be one of the most efficient and sustainable materials we have. And that's what Epoch is doing,” said Yair Reem, Partner at Extantia. “They aren't just developing better recycling - they're transforming the entire value chain to ensure it works for the planet, not against it.” Check out the full story on TechCrunch 👉 https://bit.ly/3DfT4vs Dive into our investment thesis by Carlota & Elisabeth to see why we’re backing Epoch 👉 https://lnkd.in/d6u6geXm Congratulations Jacob Nathan and the entire Epoch team! We are excited to support you on this mission. cc Clay, Eric, Alejandra, Germán, Sebastian, Peter, Kornel, Yair, Sebastian, Joern-Carlos, Torben, Oliver, Christian #ClimateAction #VentureCapital #Plastics

𝗧𝗵𝗲 𝗠𝗼𝗱𝗲𝗿𝗻 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 𝗥𝗲𝗹𝗶𝗲𝘀 𝗼𝗻 𝗦𝘁𝗲𝗲𝗹—𝗡𝗼𝘄 𝘁𝗵𝗲 𝗪𝗼𝗿𝗹𝗱 𝗥𝗲𝗹𝗶𝗲𝘀 𝗼𝗻 𝗜𝘁𝘀 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 🔧🌍 The steel industry is at a critical turning point as it faces mounting environmental and economic challenges. Contributing 7–9% of global CO₂ emissions, steel production needs innovation and investment to achieve sustainability. In one of our recent industry briefings, we explored the challenges and opportunities of steel’s future together with Paola Brenni from Extantia. Here's what we uncovered. 👉 If you’d like to catch the whole discussion, check out the YouTube video here: https://2ly.link/2379G 𝗞𝗲𝘆 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗶𝗻 𝗗𝗲𝗰𝗮𝗿𝗯𝗼𝗻𝗶𝘇𝗶𝗻𝗴 𝗦𝘁𝗲𝗲𝗹 💸 Massive investments of $1.8–2.6 trillion are required to overhaul infrastructure and modernize facilities. 💨 Green hydrogen, which could substitute fossil-derived reducing agents during production, remains costly and scarce, with only 1% of global production qualifying as "green." 🏭 70% of existing steel plants in Europe will reach the end of their lifespan by 2030, adding to the urgency of modernization. ⚖️ Regulatory frameworks, like the EU’s carbon mechanisms, increase production costs but aim to drive greener practices. 💡 𝗧𝗵𝗲 𝗣𝗮𝘁𝗵 𝗙𝗼𝗿𝘄𝗮𝗿𝗱 Startups and innovators are paving the way with breakthrough solutions: • Hydrogen-free technologies to bypass the green hydrogen bottleneck. • Low-grade ore processing to reduce costs and expand resource availability. • Decoupling ironmaking and steelmaking processes, relocating energy-intensive steps in regions with abundant renewables. • Drop-in/retrofit solutions to provide smoother adoption with reduced downtimes. Interested in tech advancements in the steel industry? Bold companies like Stegra (hydrogen), Electra (electrochemical), Limelight Steel (thermal decomposition), Helios (sodium-based reduction) and many others are pushing the boundaries in this conservative sector. 👉 For more deep dives and industry insights, follow First Momentum Ventures on LinkedIn! #deeptech #minerals #steelinnovation #decarbonization #greensteel #sustainability #climatetech #advancedmaterials #industrytransformation #venturecapital #extantia #firstmomentum #deeptech #industrialtech

Big news! Our portfolio company Phlair secured a $30.6M offtake agreement with Frontier to remove 47,000 tonnes of CO2 between 2027 and 2030. Phlair will be the first-ever DAC company to deploy with dedicated on-site solar panels, generating clean electricity and minimising reliance on the grid. This offtake will support Phlair’s first commercial-scale DAC facility in Alberta, Canada, marking a major step toward gigatonne-scale carbon removal. Huge congratulations to Malte, Steffen, Paul, Nicolas, and the entire Phlair team for hitting this major milestone. Bravo! What an incredible journey — proud to be part of it and excited for what’s ahead 🚀 #DAC #ClimateTech #VentureCapital cc Joern-Carlos Yair Reem Torben Sebastian Oliver Carlota Christian

A major step toward clean, affordable hydrogen! Extantia is proud to co-lead Vema Hydrogen’s oversubscribed $13M seed round alongside Propeller, with participation from Zero Carbon Capital, Pace Ventures, The Grantham Foundation for the Protection of the Environment. Founded by Florian Osselin and Pierre Levin, Vema was created at the venture studio Marble to unlock an entirely new pathway for clean hydrogen production. Vema's Stimulated Geologic Hydrogen technology has the potential to provide a clean, reliable, and affordable source of hydrogen. The company’s technology harnesses naturally occurring reactions that produce hydrogen underground. A brine solution containing catalysts is injected into shallow geological formations, where it reacts with iron bearing minerals to produce hydrogen. “The way that we see it, if white hydrogen is like digging for gold, Vema’s approach is like alchemy,” said Yair Reem. “They don’t rely on exploration luck but rather create their own luck and will almost always strike ‘white gold.’ It’s a game-changer for what is poised to be the most important discovery in energy in our lifetime.” Curious to learn more? Read our investment thesis here: https://bit.ly/4gTM4Ck (article by Carlota Ochoa Neven Du Mont and Paola Brenni) and more information about the round on Axios (article by Katie Fehrenbacher): https://bit.ly/4b69N0E Huge congrats to Pierre, Florian and the entire Vema team for pushing the boundaries of clean hydrogen. Excited to be part of this journey! cc Reece Steven Marius Swart Chloe Pippa Elena Jonny Carlota Yair Paola Joern-Carlos Sebastian Oliver Torben Christian #ClimateTech #VentureCapital #Hydrogen

We’re hiring! At Extantia, we move fast, think big, and back the pioneers redefining industries. If you’re ready to dive in, we have two exciting opportunities: Visiting Analyst – Work with our investment team to scout groundbreaking climate solutions, research emerging technologies, and participate in investment discussions. Ideal for someone with a technical background eager to break into #venture capital 👉 https://lnkd.in/dt26qyy3 Marketing Student – Get hands-on experience in content creation, brand building, and event planning while helping shape the voice of one of Europe’s leading #climate tech VCs. Perfect for a creative, organised, and curious mind 👉 https://lnkd.in/dq4287BR Apply now or share with someone who’d be a great fit! cc Sebastian Yair Joern-Carlos Oliver Torben Christian Carlota Fernanda Tess Nina Paul Eshel Francesco Jan Elisabeth Jaisal Paola

Modern Synthesis is now part of our portfolio, and we couldn't be more excited! 🎉 Modern Synthesis transforms nanocellulose – a natural fermentation-derived fibre – into durable, high quality alternatives to animal leather, ‘vegan’ leather, and plastic-based coated textiles. Their scalable, proprietary process builds on the incredible strength of nanocellulose, a naturally derived polymer that is 8 times stronger than steel at a nanofiber level. The result? A new generation of materials free from petrochemicals and toxic ingredients, with a lower environmental impact than incumbent textiles. Yair Reem shares why we invested: “The first thing that struck us was how this material rivals traditional leathers in look and feel, but can also offer something entirely new that excites designers. Jen’s deep expertise in fashion and design, combined with Ben’s tech-savvy brilliance, has created a game-changing solution that redefines what’s possible with sustainable, high-performance materials. Modern Synthesis represents the future of industry—delivering better, more cost-effective, and resilient materials that also happen to be green.” Curious to learn more? Read more about the investment on TechCrunch (article by Tim De Chant): https://lnkd.in/dbpeJ6zq And our investment thesis: (article by Carlota Ochoa Neven Du Mont and Elisabeth Iszauk): https://lnkd.in/dFmVMzkZ Thrilled to have you on board, Jen, Ben, and the entire Modern Synthesis team! #ClimateAction #ClimateTech #VentureCapital

A major win for INERATEC 🙌 They have secured €70 million in financing from the European Investment Bank (EIB) and Breakthrough Energy Catalyst to scale up e-fuel production and drive further research and development for sustainable fuels. This funding includes a €30 million grant by Breakthrough Energy Catalyst - their first grant in Germany – underpinning the maturity of our technology. We are proud to support INERATEC along their journey and celebrate this important milestone. A huge congratulations to Tim, Maximilian, Ingo, Casper and the entire INERATEC team! cc Torben Yair Joern-Carlos Kuntze Sebastian Oliver #ClimateTech #NextEra

Congratulations to our portfolio company Yard Stick PBC on being published in Geoderma, the world's leading soil science journal! Yard Stick is the only proximal soil C MRV startup in the world to publish data on how and how well its technology works. Scientific credibility in soil carbon is paramount to having a lasting climate impact with any of these solutions. We are proud to be part of this journey and to celebrate this milestone with them. Well done, Chris Tolles and the whole Yard Stick PBC team! #ClimateAction #SoilCarbon #ClimateTech cc Carlota Yair