# AP Ventures closes third fund with $300 million in commitments

_Published Wednesday, October 28, 2026 at 12:00 PM EDT · Capital, Infrastructure · Latest · Tier 2 — Notable_

![AP Ventures closes third fund with $300 million in commitments — EU-Startups](https://www.eu-startups.com/wp-content/uploads/2026/10/Untitled-Design-2026-10-28T154021.423.jpg)

AP Ventures announced the final close of its third fund with €269.62 million ($300 million) in commitments from institutional investors, EU-Startups reports. The London venture firm backs early-stage industrial and energy technologies and has invested in 13 companies through the fund since its initial close in 2024.

Fund III targets hydrogen production and use, carbon capture and utilisation, and advanced recycling for energy-intensive industries. Its portfolio includes Teragen Energy, which develops fuel cells for on-site power at data centers and other critical infrastructure. AP Ventures initially invests at Seed and Series A stages.

## Sources

- [EU-Startups](https://www.eu-startups.com/2026/10/londons-ap-ventures-closes-e269-million-third-fund-to-back-early-stage-industrial-and-energy-tech-startups/)

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Canonical: https://techandbusiness.org/newswire/pXiR5z0IJ_9vH8noppxnII
Published: 2026-10-28T16:00:18.430Z
Story chronology: 2026-10-28T10:13:57.000Z
Retrieved: 2026-10-28T18:54:50.487Z
Publisher: Tech & Business (techandbusiness.org)