Nefco
VC Fund
Helsinki, Finland
Nefco is an international financial institution that finances the initial scale-up of Nordic green solutions on international markets. Nefco has financed and implemented over 1,500 projects in energy efficiency, renewable energy, clean water and sanitation, waste management, and cleaner industrial processes, among others. Their task is to accelerate the shift to green by financing the initial scale-up of Nordic environmentally and climate-friendly solutions in international markets.
- Total investments:
- 18
- Last investment:
- Lead investor:
- 44%
Last updated:
For AI agents: llms.txt
Industries Nefco invests in
Stages Nefco invests in
Countries Nefco invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Post-IPO Debt
- $4.3M–$8.4M
- Debt Financing
- $1.8M–$12M
Investment Focus
Industry
- Energy 7 (39%)
- Renewable Energy 5 (28%)
- Sustainability 4 (22%)
- Solar 3 (17%)
- CleanTech 3 (17%)
Stage
- Debt Financing 9 (50%)
- Post-IPO Debt 2 (11%)
- Grant 1 (6%)
- Series B 1 (6%)
- Series C 1 (6%)
Country
- Finland 6 (33%)
- Sweden 3 (17%)
- Denmark 3 (17%)
- Norway 1 (6%)
- Zambia 1 (6%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Helena Lähteenmäki
Investment Director
|
Investment Director | Total investments: 1 | Find email | |
Katariina Vartiainen
Senior Manager, Environment and Sustainability
|
Senior Manager, Environment and Sustainability | Total investments: 1 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Korkia is a global investor and developer of renewable energy projects focused on utility-scale solar, wind, and energy storage. The company develops projects across the full lifecycle, from early-stage site identification and permitting to financing, construction readiness, and asset management. Korkia works with local development partners andproject companies to co-develop industrial-scale plants in multiple markets. Its activities combine renewable energy project development with investment and fund management services for institutional and private investors. Korkia structures alternative investment funds and direct investments that channel capital into its solar, wind, and battery energy storage pipelines. Through this combined development and investment model, Korkia targets long-term value creation in the renewable power sector. | $12.4M / Debt Financing / Sep 08, 2026 | ||
| Merus Power Dynamics is a clean technology company enabling companies to save energy and increase productivity in the business operations. It offers solutions that enable companies to save energy, increase revenue, and productivity and meet regulators' grid connection criteria.To its partners Merus Power offers a unique business opportunityin the fast growing power quality market with its broad product portfolio, technology and problem solving capability unmatched by its rivals.Merus Power Dynamics Oy was founded by a team of experienced engineers in 2008. It develops a power quality product family with a focus on efficiency, reliability, and excellent dynamic performance. Merus Power also offers its customers professional system study services in order to give overall service from problem analysis to solution. Merus Power belongs to Cleantech Finland, a network of top cleantech experts. | $5.8M / Debt Financing / Nov 18, 2025 | ||
| Donkey Republic enables cities to create a better quality of life, getting people on two wheels. We provide a flexible, reliable and open bike sharing platform that adjusts to the needs of the city, and integrates to rest of the public transport. We provide bike- and ebike sharing service using virtual or physical docking stations, for both short-and long term rentals. | $8.4M / Post-IPO Debt / Jan 14, 2025 | ||
| SolarLab designs and produces solar facades for new and existing buildings. | $1.8M / Debt Financing / Sep 25, 2024 | ||
| Baseload Capital is a Specialized Investment Entity investing in Heat Power. They work globally with the aim to give Heat Power Operators the financial tools to build and operate renewable heat power plants. | $58.7M / Series B / Sep 04, 2024 | ||
| Resand Oy specializes in the reclamation and recycling of spent foundry sands and other industrial sands. It offers sand treatment services and takes care of all of the customers’ sand-related needs, including collecting and regenerating waste sand and delivering the regenerated sand back to the customer. | $3.3M / Debt Financing / Sep 03, 2024 | ||
| MASH Makes specializes in taking biowaste resources and turning them into valuable and sustainable commodities such as electricity, biofuels, hydrogen and biochar. Our unique approach to dealing with supply chain- and technology development enables us to provide these commodities at a price similar to that of the unsustainable competing products.Read more about our unique approach to creating value from waste on our website. | $2.2M / Debt Financing / Feb 21, 2024 | ||
| Kyoto Group is building a thermal battery for industry. They produce heat without fire, just electricity. They offer charged with molten salt, long lasting thermal battery, converts electricity into heat, and plug and play. | $4.3M / Post-IPO Debt / Jan 26, 2024 | ||
| Grönska is a young, Swedish tech-company that develops technology for vertical farming, and grows and sells vegetables and herbs. Vertical farming that is based on the use of LED lighting and hydroponic watering systems. This method allows us to grow food indoors, locally and all year round. The reason we do this is to offer a sustainable, locallygrown alternative to imported food and to enable more self-sufficient cities.Grönska was founded in 2014 and constructed the largest vertical farm in the Nordics in 2018. | Debt Financing / Sep 12, 2023 | ||
| Sulapac brings solutions to the global plastic waste problem with biodegradable packaging innovation.Sulapac combines luxury, sustainability, and unlimited design possibilities. Sulapac packages can be manufactured using injection molding, extrusion, and blow molding techniques. Sulapac has comparable properties to plastics and by using Sulapacbarrier coatings water, oil, and oxygen barrier properties can be further improved. | Debt Financing / Apr 27, 2023 | ||
| See all 18 investments → | |||
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FAQ
What does Nefco invest in?
Nefco invests primarily in Energy, Renewable Energy and Sustainability startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 18 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Nefco invest in?
Nefco typically joins rounds of $4.3M–$8.4M at Post-IPO Debt and $1.8M–$12M at Debt Financing. These are whole funding-round sizes, not Nefco's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Nefco took part in.
How do I contact Nefco?
Public channels for Nefco include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Nefco?
The team at Nefco includes Helena Lähteenmäki (Investment Director) and Katariina Vartiainen (Senior Manager, Environment and Sustainability). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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