European venture capital firm 360 Capital has successfully raised 140 million euros for the 360 Life II fund, dedicated to technologies focused on environmental protection. The fund will prioritize investments in areas such as renewable energy, hydrogen, and pollution and waste reduction. This initiative is timely as countries worldwide confront the repercussions of climate change and escalating global warming. Recent data from EU scientists indicates that 2024 is projected to be the hottest year on record, underlining the urgency of climate action. Furthermore, criticisms have been directed at the COP29 summit agreement, which aims to allocate $300 billion annually by 2035 for combating climate change, with some deeming it insufficient. Notable backers of this climate tech fund include Italian firms A2A and De Nora, with commitments of 40 million euros and 10 million euros, respectively, alongside France's Bpifrance. De Nora's CEO, Paolo Dellacha, lauds the initiative as a pivotal step towards leveraging innovation to address the planet's climate challenges. The capital raised signifies a collective effort to drive environmental innovation and aims to contribute significantly to the fight against climate change.