Greencode Ventures Visit Greencode Ventures

Greencode Ventures is a European venture capital firm that invests in applied artificial intelligence companies serving energy systems, industrial operations and critical infrastructure. The firm describes itself as a specialist fund for applied AI across European energy, industry and infrastructure, and backs founders from Seed through Series A stages.

The firm organises its investment focus into three sectors: energy (optimising existing assets for greater capacity and unlocking flexibility and sustainable output), industry (improving yield, quality and throughput, and enabling circularity), and infrastructure (building, predicting, monitoring and maintaining critical assets, including resilience and compliance requirements). Its stated thesis is that Europe's energy systems, industrial operations and critical infrastructure are being rebuilt, and that it invests in the applied AI layer enabling that transition.

Disclosed portfolio companies include LiveEO (satellite-based infrastructure monitoring), Renow (AI-based recommerce), Supercritical (digital carbon removal marketplace), Ora Computing (AI model compression software), Ubotica Technologies (orbital AI), eMabler (API-first EV charging platform), Groundhawk (3D mapping of underground infrastructure), Cronvall (industrial procurement), FlexeCharge (IoT and energy management for commercial EV charging operators), Synergi (Nordic smart and flexible energy use platform), Lumoview (digital capture and processing of building data) and Sustashift (automation of corporate sustainability work).

Founding story

The firm was co-founded by Terhi Vapola, who serves as Founder and Managing Partner, and Kaisa Hietala, Founder and Chair. Vapola previously founded and led Helen Ventures and has made over 40 investments and held 18 board positions; Hietala was central to Neste's transformation into a renewable products producer and sits on the boards of Exxon Mobil and Smurfit Westrock. A portfolio founder testimonial describes Greencode as founded by people who spent their careers driving decarbonisation inside large industrial companies.

Business model

Greencode Ventures operates as a venture capital fund, deploying capital into early-stage companies (Seed through Series A) and taking active roles alongside founders, including board involvement by its partners. It maintains an investor relations function, indicating capital raised from limited partners.

Traction

The firm's website lists at least twelve portfolio companies across its energy, industry and infrastructure themes, including LiveEO, Renow, Supercritical, Ora Computing, Ubotica Technologies, eMabler, Groundhawk, Cronvall, FlexeCharge, Synergi, Lumoview and Sustashift.