Pale blue dot closes its second fund at approximately EUR 93 million

Mannheimer Swartling has acted as lead legal counsel for Pale blue dot in connection with the structuring, fundraising and establishment of Pale blue dot’s second fund, Pale blue dot II, which recently closed at approximately EUR 93 million.

Pale blue dot was founded in 2020 and is a venture capital firm with the mission of channeling capital into founders whose business ideas are intended to contribute towards solving problems that climate change entails. Pale blue dot invests at an early stage in founders that build scalable solutions to the climate crisis. Pale blue dot II is, as its predecessor fund, based on a Swedish AB-structure, where the investors invest through either principal-linked participating debentures or preference shares.