Amsterdam Climate And Energy Fund

What Amsterdam Climate And Energy Fund does

The Amsterdam Climate and Energy Fund (Amsterdams Klimaat & Energiefonds, AKEF) is a revolving investment fund established on 5 July 2013 by the Municipality of Amsterdam with an initial €45 million commitment sourced from the proceeds of the municipality's Nuon share sale. The fund provides risk-bearing custom financing, primarily in the form of loans and exceptionally equity capital, to projects and companies operating in the Amsterdam Metropolitan Region that contribute to the city's Routekaart Klimaatneutraal (Climate Neutral Roadmap) and Circulaire Strategie (Circular Strategy). Ticket sizes range from €500,000 to €5 million per project or company, with maximum loan terms of 15 years and market-conform, potentially result-dependent interest rates, with no commitment fee and no minimum own-contribution requirement.

AKEF targets projects in the realization phase and relatively young SMEs that lack sufficient track record for conventional bank financing, applying a minimum threshold of 3 kg CO2 reduction attributable to Amsterdam per invested euro per year. Its underlying technology is financial intermediation rather than a proprietary platform; core operational know-how sits with e3 Partners, the independent investment firm to which fund management has been outsourced since inception, whose team has structured more than 200 energy transition and circularity transactions. Investment decisions are taken by an investment committee advised by e3. Co-financing partners include PDENH, DOEN Participaties, Rabobank, Triodos Bank, NIBC, BNG, Nationaal Groenfonds, SHIFT Invest, SET Ventures, and ifund, enabling consortium-scale deployments such as the €9 million-plus Circotex transaction. Within four years of launch the original €45 million was fully allocated to 21 initiatives, and retained returns grew the active capital to approximately €47.5 million.

Name

Amsterdam Climate And Energy Fund

Legal name

Amsterdams Klimaat en Energiefonds

Website

https://akef.nl

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

The Amsterdam Climate And Energy Fund (AKEF) is a municipal revolving investment fund, established in 2013 with €45 million from the Municipality of Amsterdam and managed by e3 Partners, that provides €500K-€5M loans and occasional equity to Amsterdam-based sustainability and circular economy projects lacking conventional bank financing track record.

Ownership category

akta.pro rank

Product category

Sustainable Project Finance

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Renewable Energy & Energy Transition Funds (FSANAJAB)

akta.pro secondary industries

Water & Waste / Circular Economy Funds (FSANAJAF), Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD), Sustainable Infrastructure & Resilient Cities Funds (FSANAJAC)

Keywords

• Sustainable project financing
• Climate investment fund
• Circular economy lending
• Renewable energy loans
• Municipal green financing

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Risk-bearing financing - Loans: AKEF provides risk-bearing financing primarily in the form of loans and exceptionally equity capital. Loans are structured as linear or annuity loans with market-conform interest rates, potentially partially result-dependent. The fund provides financing to projects and companies contributing to Amsterdam's sustainability goals.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Amsterdam Climate and Energy Fund (AKEF) is a revolving investment fund that provides risk-bearing custom financing to projects and companies in Amsterdam contributing to the city's Climate Neutral Roadmap and Circular Strategy. Financing is provided primarily as loans ranging from €500,000 to €5,000,000 per project or business, and exceptionally as equity capital, with a maximum term of 15 years and market-conform interest rates. The fund focuses on projects in the realization phase and SMEs that lack sufficient track record for regular bank financing.

Product overview

Amsterdam Climate And Energy Fund (AKEF) is a revolving investment fund managed by e3 that provides risk-bearing custom financing to projects and companies in Amsterdam that contribute to the city's Climate Neutral Roadmap and Circular Strategy. The fund offers primarily loans (ranging from €500,000 to €5,000,000) and exceptionally equity capital, with a maximum term of 15 years. AKEF focuses on projects in the realization phase and businesses that have not yet built sufficient track record for regular bank financing.

Differentiator

Problem solved

Functional benefit

Products and services

• Risk-Bearing Project Loans (Leningen) Custom risk-bearing loans provided to projects and companies in Amsterdam contributing to the Climate Neutral Roadmap and Circular Strategy. Financing amounts range from €500,000 to €5,000,000 per project or business, with linear or annuity structures, market-conform interest rates (potentially partially result-dependent), up to 15-year terms, and quarterly payments after an interest-only period. Up to 100% of project financing can be provided with no minimum own contribution required.
• Equity Capital (Aandelenkapitaal) Exceptionally, AKEF provides equity capital in addition to loans for sustainable projects in Amsterdam. This instrument is used selectively for projects and businesses that require risk capital beyond debt financing to support climate-neutral and circular initiatives.

Quantifiable outcome

• Projects must achieve minimum 3kg CO2 reduction per invested euro per year attributable to Amsterdam
• +2 more outcomes

Named customers8 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• SET Ventures: European venture capital firm investing in digital energy and clean energy startups; comparable climate/SME investment focus and a documented AKEF co-investor in Trunkrs.
• PDENH (Participatiefonds Duurzame Economie Noord-Holland): North-Holland regional impact fund providing risk capital to sustainable SMEs; directly comparable mandate and geography, and a documented co-investor with AKEF on Circotex and other Amsterdam circular projects.
• Triodos Investment Management: Dutch sustainable bank/asset manager that finances and invests in energy transition, sustainable food, and circular economy SMEs; directly comparable target market and a documented AKEF co-financing partner on City Barging.
• Nationaal Groenfonds: Dutch national green fund financing sustainable and nature-inclusive projects across the Netherlands; comparable as a public-backed revolving fund investing in green/SME projects that mainstream banks underserve — and a documented AKEF co-investor.
• Klimaatfonds Nederland: National Dutch climate fund providing capital to projects and companies contributing to Dutch climate goals; directly comparable as a revolving Dutch climate vehicle financing early-stage decarbonization projects that traditional banks decline.
• DOEN Participaties: Dutch impact investor backing sustainable and circular entrepreneurs with subordinated loans and equity; identical target segment (young Dutch SMEs in climate/circular economy) and a documented AKEF co-investor in Circotex and Finch Buildings.
• SHIFT Invest: Dutch early-stage impact investor focused on circular economy, sustainable food, and clean energy; comparable SME climate/circular thesis and a documented AKEF co-investor in BYBORRE.

Broad incumbents

• Invest-NL: Dutch national impact investor financed by the Dutch state, providing risk capital at much larger scale across sustainable, innovative, and vital sectors — a much larger incumbent operating in AKEF's broader climate/SME impact space.
• European Investment Bank (Climate Action & Environment): EU-level financier providing debt and equity for climate, energy, and circular economy projects across Europe; operates at a vastly larger scale in AKEF's same climate-finance space, including as anchor co-financier of national/regional green funds.

Regional players

• ROM InWest: Regional development agency for North-Holland providing risk capital and advice to innovative and sustainable SMEs; comparable business model (public regional revolving fund) but operating in adjacent rather than overlapping geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/amsterdam-klimaat-en-energiefonds

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amsterdam Climate And Energy Fund