92 Capital
Venture capitalCopenhagen · Seed–Series A · 1 people tracked
Investment thesis
92 Capital is a sector-specialized fund dedicated to nuclear energy, which it views as one of the fastest-growing areas in the global energy landscape. The firm's strategy leverages current tailwinds—regulatory support, growing public acceptance, technological progress, and rising demand for energy security—to build a portfolio of next-generation nuclear technology companies. It backs ventures such as small-scale and advanced reactor developers, sometimes securing options to invest further at a discount for future value capture. The firm is currently fundraising for a nuclear-specific fund and has limited capacity for new investments, though it continues to add to its pipeline of founders with strong teams and ideas.
Source: firm website, verified Aug 7, 2026.
Team · 1 people
from public directories
What they invest in
from 3 of 3 portfolio companiesCleantech ×2Deep Tech ×2Energy ×2Climate Tech ×1Media & Entertainment ×1
HQs:Denmark×1Finland×1Sweden×1
Investments · 3 tracked
founders shown can be your intro pathBlykalla develops a first-of-a-kind lead-cooled small modular reactor (SMR) using a patented aluminum-alloyed corrosion-resistant steel, and has applied to build an advanced nuclear reactor park at Norrsundet, Sweden delivering around 330 MW of baseload power.
CleantechDeep TechEnergyStockholm, SE
Co-investorsArmada Investment AGAugust OneEarth Venture CapitalFarvatn VentureNucleation CapitalScale Capital
Steady Energy develops the LDR-50, a low-temperature heat reactor based on technology from the Technical Research Centre of Finland.
CleantechClimate TechDeep TechEnergy
Tommi NymaninHannes HaapalahtiinPetteri Tenhunenin
PartnerMads Steenberg· solo GP
Co-investorsLifeline VenturesMove EnergyValo VenturesYes VC
Frequently asked questions
- What stage does 92 Capital invest at?
- 92 Capital invests at the Seed, Series A stages.
- What sectors does 92 Capital focus on?
- 92 Capital focuses on Cleantech, Climate Tech, Deep Tech, Energy.
- Where is 92 Capital located?
- 92 Capital is headquartered in Copenhagen, DK.
- Who does 92 Capital co-invest with?
- 92 Capital most often shares deals with August One, Lifeline Ventures, Nucleation Capital, among 10 tracked co-investors.
Images
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