The One With… the VC aiming to remove a gigaton of carbon from the urban environment

What does it actually take to back the companies rebuilding our cities? Rahul Parekh is a Partner at 2150, the venture capital fund created by and for one of the Nordics' largest real estate investors — now under the Urban Partners brand — a €20 billion platform that combines real estate capital with venture capital to accelerate the adoption of climate technologies in the built environment. 2150 has just closed its second fund at €210 million, bringing their total AUM to nearly half a billion euros, deployed into what they call Gigacorn companies — businesses with thepotential to remove gigatons of carbon while generating real financial returns. But the tension is real: venture capital needs returns in 7–10 years, real estate moves slowly, and procurement cycles are brutal. So is VC even the right tool for this problem? In this conversation, Rahul and Alex challenge both sides — why innovation adoption in real estate is still so broken, what it actually takes for cleantech founders to raise capital and break into the sector, and why the next wave of climate tech might look a lot more like AI than renewable energy.