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Top 35 Renewable Energy VC (Venture Capital) Funds in Finland in April 2025

Last updated: Apr 2025 A list of 35 VC (Venture Capital) funds that invest in Renewable energy startups based in Finland. We rank investors based on the number of investments they made in Renewable energy companies from Finland. We update this investor list every month.

Top 35 Renewable Energy VC (Venture Capital) Funds in Finland in April 2025

Investor	Renewable Energy Finland investments
Business Finland	2
Superhero Capital	2
UB FIGG	2
Halton Ventures	2
OMV Petrom	1
MOL PLUS	1
Holdix Oy Ab	1
Voima Ventures	1
ITOCHU International	1
VTT Ventures	1
ITOCHU Corporation	1
Aura Group	1
Finnish Climate Fund	1
Suffice International	1
European Union	1
Lifeline Ventures	1
Springvest	1
John Nurminen Oy	1
Fortum	1
Finow	1
Inventure	1
Butterfly Ventures	1
Soren Jensen Radgivende Ingeniorfirma	1
VNT Management	1
2C Ventures	1
Ecolab	1
Proxy Ventures	1
Emerald Technology Ventures	1
Sitra	1
Valve Ventures	1
Finnvera Venture Capital	1
Nidoco	1
European Circular Bioeconomy Fund	1
Korkia	1
Turret Oy	1

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Business Finland finances business R&D projects and public research projects at universities, research institutes and universities of applied sciences. Read more about R&D and business funding.

Investment focus

Software, Biotechnology, SaaS
Seed, Grant, Funding Round
Finland, United States, United Kingdom

Portfolio highlights

Grafintec — Grafintec Oy is a Finnish company focused on developing and utilizing carbon technology to produce graphite. Graphite is an essential material in many industries, particularly in energy storage, electronics, and battery technologies, due to its unique properties such as high conductivity, heat resistance, and stability.
Liquid Sun — Liquid Sun Ltd. We fight against climate change by recoding CO2 emissions to fossil-free fuels and chemicals. Our technology is based low temperature electrolyzers.
PrecisionPhage — PrecisionPhage is a biotech business that specializes on bacteriophage technologies.

Early-stage VC searching for the next Superheroes.

Investment focus

Software, Information Technology, Internet
Seed, Pre-Seed, Funding Round
Finland, Estonia, Lithuania

Portfolio highlights

Koll — Koll makes it possible for both individuals and businesses to make phone calls with verified identities. Anonymous calls are a thing of the past.
TheStorage — Flexible industrial heat electrification and scalable energy storage. TheStorage offers cost efficient, sustainable grid scale energy storage that can discharge heat, steam or CHP.
CyberUpgrade — Easily manage ICT compliance audits by tracking controls, handling ever increasing requirements, and sharing policies. Gain control over cyber security measures.

UB Forest Industry Green Growth Fund ("UB FIGG") is a private equity fund investing in companies focused on plastic and other fossil fuel based material replacements, higher value and more efficient use of wood and agricultural raw material side streams and greater use of these raw materials across a wide range of intermediate and enduses.Through its investments, the Fund helps the forest and bio-based industries to create solutions to mitigate climate change. UB FIGG is a signatory of Operating Principles for Impact Management and reports on the environmental and climate impact of its investments.

Investment focus

Chemical, Forestry, Recycling
Funding Round, Series A
Finland

Portfolio highlights

Notpla — We are a combination of designers and chemists, engineers and entrepreneurs. We’re hard to define because what we’re doing hasn’t been done before. We create advanced packaging solutions that disappear, naturally.
Paptic — Paptic is manufacturing company that revolutionizes environmental new material, wood-based renewable and recyclable products replacing paper and plastic. Paptic Ltd was April 2015. The company is based in Espoo, Finland and employs today 10 persons.
Nordtreat — Nordtreat produces widely tested and certified flame retardants for wooden construction products. Learn more about environmentally friendly fire protection!

Halton Ventures operates as a venture capital firm.

Investment focus

Smart Building, Energy, GreenTech
Funding Round
Finland

Portfolio highlights

Smart Heating — Smart Heating focus on hybrid heating systems for real estates. Smart Heating implements energy-efficient heating solutions for more than 100 buildings.
Soletair Power — Soletair Power is a Finnish startup founded in 2016, operating in the fields of Direct Air Capture and power-to-X technology. The company captures CO2 from the air by retrofitting buildings' ventilation systems with carbon capture technology, resulting in low building emissions. Captured carbon dioxide can be mineralized into concrete, storedas pressurized gas or liquid, transported, and used as raw materials to produce synthetic products. In 2020, Wärtsilä, together with Soletair Power and Q-Power, created their first enclosed Power-to-X unit in the world which can produce synthetic methane from air-captured CO2 straight from the Finland pavilion in Expo 2020 Dubai, United Arab Emirates. The company has delivered multiple carbon dioxide capturing units since then to Germany, Finland, and Denmark.

OMV Petrom is the largest integrated oil and gas group in South-eastern Europe

Investment focus

Fuel, Waste Management, Environmental Consulting
Corporate Round
France

Portfolio highlights

Respiră Verde — Respiră Verde engages in the waste fats and used edible oils. Respiră Verde engages in the non-hazardous waste management segment and collection, recovery and final disposal of used (or expired) edible oils and fats.
Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.

MOL PLUS Corporate site. MOL CVC. MOL PLUS is a Corporate Venture Capital driving force for Mitsui O.S.K. Lines, Ltd.

Investment focus

Transportation, Internet, B2B
Funding Round, Seed, Series A
Japan, United Kingdom, Kenya

Portfolio highlights

EneCoat Technologies — EneCoat Technologies is working on materials development for perovskite solar cells and the commercialization of modules.EneCoat Technologies will create the future of energy through thin-film solar cells with the aims of protecting the environment and effectively utilizing natural energy sources.
Innovative Space Carrier — Innovative Space Carrier is a aerospace company that offers space transportation systems, planning, drafting and technology strategies.
Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.

Holdix Oy Ab is a Finnish family-owned investment company situated in Helsinki. Our investment policy is based on responsible and active ownership, long-term perspective, sustainable value creation, and environmental considerations.

Investment focus

Renewable Energy
Seed, Funding Round
Finland

Portfolio highlights

Polar Night Energy — Polar Night Energy - Seasonal heat storage in district heating and industrial applications. The energy revolution is here.
Nordic Umami Company — Developing all-embracing sustainable flavours to accelerate plant-based eating.
Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.

Voima Ventures’ mission is to solve major global problems by combining science, entrepreneurship, and value adding capital. They shed light on the ideas and technology which require time and courage to build. Industry domains include bio and new materials, medical technologies and life sciences, imaging and optics, IoT and electronics, robotics,software & ICT and AI. In addition, Voima Ventures has invested in more than 30 deep tech startups, including companies like Solar Foods, Infinited Fiber Company, and Dispelix. Cornerstone investors are VTT Technical Research Centre of Finland and European Investment Fund (EIF), backed by Finnish private and institutional investors.

Investment focus

Biotechnology, Health Care, Medical Device
Seed, Pre-Seed, Funding Round
Finland, Sweden, Norway

Portfolio highlights

Skyfora — Skyfora combines scientific understanding of tropical storms with computer vision, machine learning and IoT technologies.
Liquid Sun — Liquid Sun Ltd. We fight against climate change by recoding CO2 emissions to fossil-free fuels and chemicals. Our technology is based low temperature electrolyzers.
Avenue Biosciences — From biotechnology tools to therapy discovery and development: Our platform enhances production yield and the quality of your end product.

The North American flagship company of ITOCHU Corporation, ITOCHU International provides trading services for more than 20,000 items and manages a portfolio of more than 20 subsidiaries and affiliates as well as a diversified range of investments. Headquartered in New York and operating in the US, Canada and Mexico, the company is involved in a wide variety of businesses, with particular strength in the machinery, aerospace and electronics, food, forest products, chemicals, energy and alternative energy sectors.

Investment focus

Recycling, Manufacturing, Wood Processing
Series A
Finland

Portfolio highlights

Paptic — Paptic is manufacturing company that revolutionizes environmental new material, wood-based renewable and recyclable products replacing paper and plastic. Paptic Ltd was April 2015. The company is based in Espoo, Finland and employs today 10 persons.

VTT is a powerhouse of technology development and scientific research. Many of the most significant Finnish technology start-ups were brought to life at VTT. Do you want to invest in ongoing ventures?

Investment focus

Biotechnology, Manufacturing, 3D Technology
Seed, Funding Round, Series A
Finland

Portfolio highlights

Dispelix — See-through, full color waveguide combiners for a wide range of XR applications. From near-eye to head-up.
Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.
Infinited Fiber Company — Infinited Fiber Company is a Finnish biotech founded in 2016 to commercialize a breakthrough recycling technology that can turn cellulose-rich raw materials – like cotton-rich textile waste, used cardboard, or wheat or rice straw – into high-quality textile fibers with the look and feel of cotton. The patented technology has been validated byleading brands and is ready to be scaled. Infinited Fiber Company won the Europas 2020 Hottest Sustainability Tech Award, and was listed on the Global 50 to Watch by Cleantech Group in 2019. In 2016 Infinited Fiber Company was selected into WWF’s Climate Solver network. The company is headquartered in Espoo, Finland.

The history of ITOCHU Corporation (hereinafter "ITOCHU") dates back to 1858 when the Company's founder Chubei Itoh commenced linen trading operations. Since then, ITOCHU has evolved and grown over 150 years into a sogo shosha, engaging in domestic trading, import/export, and overseas trading of various products such as textiles,machinery, information and communications-related products, metals, products related to oil and other energy sources, general merchandise, chemicals, and provisions and food. In addition, ITOCHU has made multifaceted investments in insurance agencies, finance, construction, real estate trading, and warehousing as well as operations and businesses incidental or related to those fields.

Investment focus

Internet, Software, Financial Services
Funding Round, Series A, Series B
Japan, United States, United Kingdom

Portfolio highlights

Reject — Reject is an esports firm that focuses on management of its team REJECT, players, apparel business, and event management services.
Sakana AI — We are creating a new kind of foundation model based on nature-inspired intelligence.
Javelin — Javelin Global Commodities provide a one stop shop for marketing, trading, hedging, transporting, financing, advising and investing in commodities.

Aura Group is a financial services company operating out of Australia and Singapore that provides tailored wealth and funds management solutions across the Asia Pacific region. Our vision is to build trust that lasts generations.

Investment focus

Information Technology, Financial Services, Internet
Series A, Funding Round, Seed
Australia, Finland, Singapore

Portfolio highlights

Betterx — Betterx is a technology company focused on infrastructure to support Web3.0 and Digital Assets.
Lygon — Lygon operates as a blockchain banking start-up. The Lygon platform is an industry solution that streamlines the bank guarantee process for everyone.
Giftaway — Giftaway is an eGift platform that makes it easy for businesses to reward and incentivize stakeholders such as employees and customers.

The Climate Fund focuses on combating climate change, boosting low-carbon industry and promoting digitalisation.

Investment focus

Biotechnology, Food Processing, Renewable Energy
Debt Financing, Funding Round
Finland

Portfolio highlights

AISTI — AISTI develops wood fiber-based acoustic tiles that are carbon negative, easy to recycle and plastic-free – bringing sustainability to construction tile by tile.
Enifer — Enifer Bio is an expert at squeezing every last drop of value from biorefining operations. The solution is built on decades of Finnish expertise to allow the production of valuable protein-rich feed from streams previously considered worthless. The company has developed a new, sustainable production process for high-quality fish feed raw material.The company's method enables the efficient production of a single cell protein from fish by-products as a raw material for fish feed. The protein can replace soy, which is commonly used in fish feed and whose cultivation poses ecological challenges, such as deforestation in South America.
Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.

Suffice International

Investment focus

Electric Vehicle, Battery, Manufacturing
Funding Round, Debt Financing
Finland

Portfolio highlights

Visedo — Danfoss Editron specializes in hybrid and electric powertrain systems for off-highway and marine markets.
Akkurate — Sandvik Battery Electric Loaders and Trucks TH550B LH518B Mobile Charging Station Battery as a Service
Soletair Power — Soletair Power is a Finnish startup founded in 2016, operating in the fields of Direct Air Capture and power-to-X technology. The company captures CO2 from the air by retrofitting buildings' ventilation systems with carbon capture technology, resulting in low building emissions. Captured carbon dioxide can be mineralized into concrete, storedas pressurized gas or liquid, transported, and used as raw materials to produce synthetic products. In 2020, Wärtsilä, together with Soletair Power and Q-Power, created their first enclosed Power-to-X unit in the world which can produce synthetic methane from air-captured CO2 straight from the Finland pavilion in Expo 2020 Dubai, United Arab Emirates. The company has delivered multiple carbon dioxide capturing units since then to Germany, Finland, and Denmark.

Discover how the EU functions, its principles, priorities; find out about its history and member states; learn about its legal basis and your EU rights.

Investment focus

Health Care, Information Technology, Biotechnology
Grant, Seed, Funding Round
Germany, United Kingdom, United States

Portfolio highlights

Sorsera — Sorsera provides advanced intelligence and collaboration tools for suppliers, buyers and collaborators involved in the tendering process.
Stellar — At Stellar we bring perfect internet on the move to vehicles and passengers, leveraging the combined strength of cellular, wi-fi, and satellite networks, through AI and fully integrated solutions. We offer SaaS, data plans, and all-inclusive options for enterprise connectivity needs on the move.
ProCredit Bank Moldova — ProCredit Bank Moldova is a development-focused commercial bank.

Lifeline Ventures Oy is a venture capital firm specializing in startups, growth capital, and early stage investments. The firm seeks to invest in healthcare, games, web based and general high technology sectors. It seeks to invest in Finland with a few investments made outside Finland as well. The firm targets investing between €0.5 million ($0.66million) and €1 million ($1.32 million). It seeks make inception to Series A investments. Lifeline Ventures Oy was founded in November 2009 and is based in Helsinki, Finland.

Investment focus

Software, Health Care, E-Commerce
Seed, Series A, Funding Round
Finland, United States, United Kingdom

Portfolio highlights

Soldera — Soldera enables renewable energy producers to earn additional income through an automatic guarantee of the origin trading system.
In Parallel — In Parallel aligns strategy and execution, enabling organizations to thrive in complexity and adapt to change. Our Intelligent Operating Model bridges the gap between strategy and operations. Founded in 2023.
In Parallel — In Parallel aligns strategy and execution, enabling organizations to thrive in complexity and adapt to change. Our Intelligent Operating Model bridges the gap between strategy and operations. Founded in 2023.

The Citizenship Fund started out when the founders of the company discovered in their previous positions that a promising Finnish growth company will spend a great deal of time and energy in arranging financing. A good business idea and a team with excellent team could take months in financial negotiations and the outcome could be a return to thestart-up. At the same time, investors often wanted new types of higher potential investments alongside traditional alternatives.These two challenges were possible by removing the promising growth companies as investors, even for non-traditional venture capital investors. Citizenship wanted to create a service in which the company would be able to capitalize on business quickly and flexibly, but the decision-making business would be left to the company itself. From today's point of view, Springvest's goal is that an increasing number of Finnish investors can get involved in the story of Finnish growth companies and potential success.

Investment focus

Biotechnology, Health Care, Energy
Series A, Funding Round, Seed
Finland

Portfolio highlights

Desentum — Allergen immunotherapy that is effective, safe, patient-friendly and approved by the regulatory authorities.
Volare — Refining food industry side streams into sustainable protein, oil and fertilizers.
Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.

John Nurminen Oy is a company that provides distributor of nautical charts.

Investment focus

CleanTech, Clean Energy, Renewable Energy
Series A
Finland

Portfolio highlights

AW-Energy — AW Energy is a global leader in wave energy technology companies. Learn more about our Wave Energy products.

Fortum’s competence in waste-to-energy and strong financial resources, a true Nordic circular economy champion will be formed.

Investment focus

CleanTech, Clean Energy, Renewable Energy
Series A
Finland

Portfolio highlights

AW-Energy — AW Energy is a global leader in wave energy technology companies. Learn more about our Wave Energy products.

Finow

Investment focus

Energy, Oil and Gas, Real Estate
Series A, Funding Round
Finland

Portfolio highlights

Woodio — Woodio is a digital designing agency.
Griffin Refineries — Griffin Refineries is a Finnish circular economy company that provides innovative waste management solutions globally.

Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

Investment focus

Software, Information Technology, Health Care
Seed, Series A, Series B
Finland, Sweden, Denmark

Portfolio highlights

Moncyte Health — Unique technology and novel data for personalized and optimal treatment of high cholesterol
Biomatter — Biomatter Designs is pioneering the technologies for generative protein design at the intersection of synthetic biology and AI.
Avenue Biosciences — From biotechnology tools to therapy discovery and development: Our platform enhances production yield and the quality of your end product.

Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm.

Investment focus

Health Care, Software, Information Technology
Seed, Funding Round, Pre-Seed
Finland, Sweden, Norway

Portfolio highlights

Hypertype — Smartest email experience ever made.
Flow Computing — Flow's Parallel Processing Unit (PPU) gives 100X CPU performance for demanding applications, such as locally-hosted AI and general-purpose parallel computing.
Happy Plant Protein — Changing the way plant proteins are made

Søren Jensen advises on inspirational civil engineering with hardcore engineering knowledge and the latest technology.

Investment focus

Energy, GreenTech, Smart Cities
Funding Round
Finland

Portfolio highlights

Soletair Power — Soletair Power is a Finnish startup founded in 2016, operating in the fields of Direct Air Capture and power-to-X technology. The company captures CO2 from the air by retrofitting buildings' ventilation systems with carbon capture technology, resulting in low building emissions. Captured carbon dioxide can be mineralized into concrete, storedas pressurized gas or liquid, transported, and used as raw materials to produce synthetic products. In 2020, Wärtsilä, together with Soletair Power and Q-Power, created their first enclosed Power-to-X unit in the world which can produce synthetic methane from air-captured CO2 straight from the Finland pavilion in Expo 2020 Dubai, United Arab Emirates. The company has delivered multiple carbon dioxide capturing units since then to Germany, Finland, and Denmark.

VNT Management is a venture capital management company that offers its services to investors and entrepreneurs.The company offers investors with 3 venture capital funds, all of which focus on clean technology. Furthermore, it offers an IRR of 25% and a position in the top quartile of European venture capital funds. Entrepreneurs are offered withsupply management, business idea, application, and product concept development, and technology scanning and evaluation services.VNT Management was founded in 2002 and is based in Finland.

Investment focus

Manufacturing, Electronics, Information Technology
Funding Round, Series B, Seed
Finland, Germany

Portfolio highlights

Visedo — Danfoss Editron specializes in hybrid and electric powertrain systems for off-highway and marine markets.
WeSustain — WeSustain develops and sells web-based software for enterprise sustainability management. The company’s ESM software is a management support system that helps companies go green and manage products, processes, and technologies in an environment-friendly manner.WeSustain’s ESM software enables the clients to establish a software-supported ESMsolution, as well as manage, improve, and report their ESM performance on a global basis while mitigating sustainability risks. The company was founded in 2010 and is based in Buxtehude, Germany.
Cajo Technologies — Cajo Laser Marking - Cajo turnkey solutions for traceability & product markings. Easy to use & optimized for industrial production processes.

2C Ventures is a cleantech venture capital firm that nurtures and fuels the growth of groundbreaking technologies. The company partners with visionary entrepreneurs, startups, and research pioneers who are leading the charge towards a greener and more sustainable future.

Investment focus

Energy, CleanTech, Clean Energy
Pre-Seed
Finland

Portfolio highlights

GaltTec — GaltTec focuses on developing and marketing microtubular solid oxide fuel cells. GaltTec specializes in drones, off-grid equipment, IoT, portable devices, and space equipment. GaltTec was founded in 2022 and was headquartered in Tartu, Estonia.
TheStorage — Flexible industrial heat electrification and scalable energy storage. TheStorage offers cost efficient, sustainable grid scale energy storage that can discharge heat, steam or CHP.

Ecolab is a global leader in water, hygiene, and energy technologies and services that provide clean water, safe food, and abundant energy.A trusted partner at more than one million customer locations, Ecolab (ECL) is the global leader in water, hygiene and energy technologies and services that protect people and vital resources. With 2016 salesof $13 billion and 48,000 associates, Ecolab delivers comprehensive solutions and on-site service to promote safe food, maintain clean environments, optimize water and energy use and improve operational efficiencies for customers in the food, healthcare, energy, hospitality and industrial markets in more than 170 countries around the world.

Investment focus

SaaS, Quality Assurance, Artificial Intelligence
Series A, Series B, Corporate Round
Finland, Israel, United States

Portfolio highlights

GravitHy — GravitHy is a sustainable iron and steel company focused on decarbonizing steel production through low CO₂ Direct Reduced Iron (DRI) and renewable hydrogen technologies. They aim to lead a green industrial revolution by significantly reducing the carbon footprint of the steel industry.
Guidewheel — In manufacturing unplanned downtime and idle time are huge hidden costs. Guidewheel's real-time machine monitoring helps improve OEE and increase production capacity.
Gentian Limited — Gentian Limited is pioneering the next generation of ecological surveys by harnessing the power of AI and remote sensing technologies. Founded in 2020, we are committed to transforming how biodiversity is assessed in both rural and urban environments. Our innovative platform utilizes machine learning and high-resolution satellite imagery to deliverfast, accurate, and cost-effective ecological assessments.Our cutting-edge technology provides precise habitat mapping and biodiversity quantification, aligning with global disclosure metrics. This enables organizations to make informed decisions about environmental conservation and sustainability. Whether it's for environmental compliance, land management, or conservation efforts, Gentian’s solutions offer unparalleled accuracy and efficiency compared to traditional survey methods.With a dedicated team led by CEO and Founder Daniel White, we are on a mission to support a more sustainable future by providing the tools necessary for better understanding and protecting our natural world. We are proud to be at the forefront of ecological innovation, making a real impact on how biodiversity is monitored and preserved.Join us on our journey to revolutionize environmental assessment, and discover how Gentian is setting new standards in ecological technology.

We have created brands for startup successes Supercell, Oura, Peak, Festicket and Fy! Being investors, we have an uniquely commercial branding approach.

Investment focus

Health Care, Marketplace, Mobile Apps
Seed, Funding Round, Angel
United Kingdom, Finland, United States

Portfolio highlights

Argent — Join over 2 million Argent users and get the best of Ethereum at a fraction of the cost. Easily buy, earn, stake and invest in crypto on Starknet.
Elo Health — Elo Health pioneers in delivering Smart Nutrition through personalized supplements, formulated with scientific precision to meet your unique health and performance goals.
Five Lives — Five Lives, your brain health coach. Take the risk assessment and start improving your brain health today!

Emerald Technology Ventures specializes in clean technology venture capital. Founded in 2000, Emerald focuses on the areas of energy, water, and materials. From offices in Zurich, Switzerland and Toronto, Canada, Emerald manages several venture capital funds and venture capital portfolio mandates.

Investment focus

Manufacturing, Software, Energy
Funding Round, Series B, Series A
United States, Germany, Finland

Portfolio highlights

Vytal — Start the Packaging Revolution! We are offering smart & reusable To-Go Packaging-as-a-Service to gastronomy clients & consumers.In Germany the consumption of take-away, convenience and delivery food & drinks is responsible for about 281 kilotons of single-use packaging waste for immediate consumption and is growing at double digitrates. Most of the time, To-Go food containers, snack boxes or coffee cups have a very short life-span of only 30 minutes after which they are tossed into trash (or litter parks, beaches & the ocean). This is not only a giant waste of economic resources as each single use costs between 15 and up to 0,60€ for a stable bowl/box with a lid. It is a horrendous waste of environmental resources (wood, water, crude oil, metals & energy) that are used to produce this packaging. Therefore, a single use packaging not weighing more than 30 grams can easily come with an ecological backpack of more than 8 kilograms when taking into account all the resources used in production (material intensities taken from Wuppertal Institute for Climate, Environment and Energy). Looking at GHG emissions, the picture is similarly bleak: Using CO2 emission factors and the detailed material mix of the single-use packaging waste analyzed by NABU (German Nature and Biodiversity Conservation Union), the 281 thousand tons waste from To-Go consumption generated around 556 thousand tons of CO2 or the equivalent of 195k passenger cars per year (assuming an average distance travelled of 15,000km). With the expected rise of take-away, convenience and delivery food, the related emissions are expected to increase at double digit rates as waste volume is expected to increase and as we saw a shift to plastics relative to cardboard or other materials. While there is a growing awareness of the problem, especially in Germany, there is no scalable solution yet and the commonly used alternative of nature-based & ‘biodegradable’ materials like bagasse or PLA also require many resources for production & transport, and have to be incinerated or go to landfill after use as there is currently no way to compost them.
Fido Tech — FIDO AI provides innovative water leak detection and management solutions using cutting-edge technology to drive sustainability and efficiency in water systems.
Keto Software — Strategic portfolio management to steer you through your strategic initiatives in business. Our product Keto AI+ Platform helps you to manage all your OKRs, strategies and Programmes & project portfolios.

Sitra is the venture capital investment arm of Sitra specializing in investments in seed, start-ups, early stage opportunities, and other funds. The firm invests through its three programmes namely, Health Care Programme, the Food and Nutrition Programme, and the Environmental Programme. Within the Health Care Programme, investments are focused oncompanies engaged in paper-free health care, seamless services, decentralised specialised health care, and support services. Within the Food and Nutrition Programme, investments are made in enterprises engaged in the food and nutrition sector, including value-adding upgrading of raw materials and new applications and service concepts in food and nutrition technology.

Investment focus

Health Care, Biotechnology, Therapeutics
Funding Round, Series A, Series C
Finland, The Netherlands

Portfolio highlights

Naava — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.
NaturVention — Naava helps you to make safer and healthier indoor spaces - experience Naava green wall, a striking combination of nature and high-end technology.
SET Ventures — Europe's leading energy VC since 2007. Backing the continent's most innovative energy entrepreneurs with capital, community and insights

Valve Ventures is a Helsinki-based angel and early-stage venture investor.

Investment focus

Energy, CleanTech, Oil and Gas
Seed, Series A, Funding Round
Finland

Portfolio highlights

Betolar — Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials for the construction industry and circular economy.
Woodio — Woodio is a digital designing agency.
Infinited Fiber Company — Infinited Fiber Company is a Finnish biotech founded in 2016 to commercialize a breakthrough recycling technology that can turn cellulose-rich raw materials – like cotton-rich textile waste, used cardboard, or wheat or rice straw – into high-quality textile fibers with the look and feel of cotton. The patented technology has been validated byleading brands and is ready to be scaled. Infinited Fiber Company won the Europas 2020 Hottest Sustainability Tech Award, and was listed on the Global 50 to Watch by Cleantech Group in 2019. In 2016 Infinited Fiber Company was selected into WWF’s Climate Solver network. The company is headquartered in Espoo, Finland.

Finnvera makes direct investments in early-stage enterprises through Seed Fund Vera Ltd. Finnvera's goal is to cover shortcomings existing on the market between product development funding and private equity investments. Finnvera does not compete with private financiers; instead, it strives to supplement the financial market.Finnvera'sinvestments enable, start and accelerate growth and internationalisation among investment targets. Enterprises are developed to make them attractive targets for further financing by other investors and industrial actors. Investments are made in technology enterprises at an early stage and in technology-intensive or innovative service enterprises that have potential for developing into international growth enterprises.Finnvera is also known as a specialised financing company owned by the State of Finland. It provides its clients with loans, guarantees, venture capital investments and export credit guarantees.

Investment focus

Health Care, Software, Information Technology
Seed, Funding Round, Series A
Finland, United States, Switzerland

Portfolio highlights

AISTI — AISTI develops wood fiber-based acoustic tiles that are carbon negative, easy to recycle and plastic-free – bringing sustainability to construction tile by tile.
Nexstim — Nexstim is a medical device company that specializes in image-guided transcranial magnetic stimulation. The company is committed to improving the quality of life of patients with significant unmet clinical needs. It has developed a SmartFocus TMS technology designed for the treatment of the major depressive disorder.The company was founded in2000 and is headquartered in Helsinki, Southern Finland.
Enifer — Enifer Bio is an expert at squeezing every last drop of value from biorefining operations. The solution is built on decades of Finnish expertise to allow the production of valuable protein-rich feed from streams previously considered worthless. The company has developed a new, sustainable production process for high-quality fish feed raw material.The company's method enables the efficient production of a single cell protein from fish by-products as a raw material for fish feed. The protein can replace soy, which is commonly used in fish feed and whose cultivation poses ecological challenges, such as deforestation in South America.

Nidoco AB is a Swedish investment company whose strategy is to create long-term value through active ownership of public and private companies.

Investment focus

Software, Health Care, Biotechnology
Seed, Funding Round, Series A
Finland, Sweden, Estonia

Portfolio highlights

Ponta — We help startups and big companies connect with their audiences in innovative ways. We build solutions for Web3.
Betolar — Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials for the construction industry and circular economy.
TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.

European Circular Bioeconomy Fund invest and partner with entrepreneurs to accelerate late-stage circular bioeconomy companies.

Investment focus

Biotechnology, AgTech, Agriculture
Series B, Series A, Series C
The Netherlands, France, Italy

Portfolio highlights

OroraTech — From safeguarding forests and ecosystems to protecting communities and critical assets, OroraTech's advanced technology and reliable insights address challenges, mitigate risks, and drive meaningful impact.
Elicit Plant — We work with farmers around the world to meet the challenges of climate change and the impact of water scarcity on field crops.
watttron — Watttron invents a revolutionary heating system that can heat up surfaces heterogeneously.Watttron develops an innovative heating technology that can be used in various industrial processes. It is superior to current heating systems in many ways and offers a number of advantages. On the following pages, you will find information about possibleapplications and opportunities.The company is located in the Technologie- und Gründerzentrum Freital – a technology and start-up center on the outskirts of Dresden, the state capital of Saxony.

Korkia is a private equity firm that makes investments in renewable energy and clean tech sectors. It also specializes in alternative investment fund management and also provides financial advisory and consultancy services.

Investment focus

Energy, Oil and Gas, Renewable Energy
Funding Round
Finland

Portfolio highlights

Griffin Refineries — Griffin Refineries is a Finnish circular economy company that provides innovative waste management solutions globally.

Turret Oy is an investment vehicle controlled by Paul Ehrnrooth

Investment focus

Energy, Oil and Gas, Business Development
Funding Round, Seed, Series A
Finland

Portfolio highlights

Digitalist — Say hello to Digitalist in Finland, your true partner for digital transformation. From customer experience consulting to cutting-edge technology services, we help businesses to future-proof their operations.
TactoTek — Set your imagination free and create user experiences with the help of sustainable smart molded structures.
Hycamite TCD Technologies — Hycamite is decarbonising industry using its proprietary methane pyrolysis technology. It provides its industrial clients with low-carbon hydrogen and sustainable carbon products for demanding applications.

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