Pale Blue Dot
also invests · investor profile3 known investors
Swedish pre-seed and seed venture fund investing in climate tech companies across Europe and, selectively, the US.
Also known as Pale blue dot · pale blue dot vc
Investors · 3
Company profile
researched Aug 2026Pale Blue Dot is a Sweden-based venture capital fund investing at pre-seed and seed stage in climate technology — companies working to reduce or reverse climate impact or to help adapt to a changed world. The firm is sector-agnostic within that theme, with stated activity in food and agriculture technology, industry, mobility, fintech, SaaS, logistics, and deeptech/hardware.
The fund is led by three general partners and co-founders — Hampus Jakobsson, Heidi Lindvall, and Joel Larsson — all former startup founders. It prefers to lead rounds, writing tickets of roughly €500,000 to €2 million (reported elsewhere as approximately $200,000 to $2.2 million), and typically seeks around a 10% ownership stake in portfolio companies.
Business model
Pale Blue Dot operates as a venture capital fund manager, raising capital from limited partners and deploying it as minority equity investments in early-stage climate technology startups, typically targeting around 10% ownership per company.
As a venture fund, returns are generated from equity stakes in portfolio companies, with fund economics based on limited partner commitments.
Traction
The second fund closed oversubscribed at €93 million with more than two-thirds of commitments from existing limited partners, and the firm planned to invest in 35 companies from that vehicle. Disclosed first-fund investments include HIVED and Improvin'.
Latest developments
In May 2023 the firm announced the close of its second fund at €93 million, intended to back approximately 35 pre-seed and seed companies with tickets of €500,000 to €2 million, while continuing to deploy from its first fund.
▸Full profile — market position, go-to-market, geography, history
Market position
A Nordic climate-focused seed investor that is willing to lead rounds, positioned among European cleantech, agriculture, and climate funds.
The firm concentrates exclusively on climate technology across many verticals rather than a single sector, is led by partners who are themselves former startup founders, and takes a lead-investor role with a defined target ownership level of roughly 10%.
Go-to-market
Sourcing is direct-founder oriented — the firm invites contact via email or a form on its website — and it participates in pre-seed and seed rounds, generally as lead investor.
Pre-seed and seed stage founders building climate technology companies, primarily in Europe, with selective openness to US-based startups.
Geography
Headquartered in Sweden, with an investment focus on Europe and openness to deals in the United States.
History
Pale Blue Dot launched its first fund and, less than three years later, closed an oversubscribed second fund at €93 million in May 2023. The first fund remained active at that time, with investments including HIVED and Improvin'. Existing limited partners accounted for more than two-thirds of the second fund, which also drew serial entrepreneurs, family offices, and institutional investors from Europe and the US.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 1
launches, deals, and filingsThe Sweden-based climate tech VC closed its second fund at €93 million, less than three years after launching its first fund. Backers included serial entrepreneurs, family offices, and institutional investors from Europe and the US, with existing LPs representing more than two-thirds of the fund. The fund targets 35 pre-seed and seed investments with €500k–€2M tickets, focused on Europe and open to the US.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- Pale Blue Dot - VC Fund Breakdownvcsheet.com · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Pale Blue Dot do?
- Swedish pre-seed and seed venture fund investing in climate tech companies across Europe and, selectively, the US.
- Who are Pale Blue Dot's investors?
- Pale Blue Dot's investors include Tesi (Finnish Industry Investment Ltd), VNV Global, Wave Ventures.