In brief: Systemiq eyes $200m final close within a year

Prominent individuals are invested in Systemiq Capital's second fund.

Systemiq Capital, a venture capital firm focused on climate tech, has raised $70 million for its second fund, and anticipates a final close on its $200 million target within a year, the firm has said.

Systemiq Capital was founded by Paul Polman, the celebrated former CEO of Unilever; Jeremy Oppenheim, a former sustainability chief at McKinsey and World Bank economist; and Irena Spazzapan, a 12-year veteran of Goldman Sachs.

VC firm Systemiq Capital is emerging from Systemiq, an investment/consulting firm with more than 400 staff across Brazil, France, Germany, Indonesia, the Netherlands and the UK, that focuses on the advancement of the UN Sustainable Development Goals.

Investors to date for Fund II include Lombard Odier, The Grantham Foundation for the Protection of the Environment, Dara Holdings, Deutsche Post Foundation. Wealthy individuals that have invested include: Swiss billionaire André Hoffman; Willow Investments founder Stephen Brenninkmeijer; Australian businessman Mark Cutifani; Erik Fyrwald, CEO of Syngenta; and former Bank of America chairman Chad Holliday.