According to Tech.eu, the investment's main focuses are decarbonization, sustainable energy and social impact opportunities.

Some of these opportunities include technologies to decarbonize supply-chains and create circular economies

Also, the VC wants to stimulate the development of sustainable energy technologies and infrastructure to become more independent when it comes to using fossil fuels.

Elbow Beach Capital expects to announce the first investments in March and April.

Nick Charman, co-founder and chairman at Elbow Beach Capital said that "early-stage investment plays a vital role in the advancement of industry-wide solutions to mitigate climate change and improve lives. We are committed to ensuring that every investment it makes helps to protect the future of our planet, its inhabitants, and its unique ecosystems.”

Jonathan Pollock, co-founder and CEO at Elbow Beach Capital added that “the sustainability and environmental technology sectors are expanding but growth will need to accelerate dramatically if governments are to meet their ambitious climate targets."

The fund will allocate between 500.000 and 1.5 million British pounds of long-term capital to early-stage businesses that are looking forward to improving lives through scalable solutions to social and environmental problems.