Fundraising Fox
Climentum Capital
Venture capitalCopenhagen · Seed–Series A · 7 people tracked
Also known as Climentum
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Investment thesis
Climentum Capital backs early-stage, industrial hard tech that supports Europe's resilience, competitiveness, and independence while decarbonizing its highest-emitting sectors. The firm focuses on B2B hardware and deep-tech solutions with genuine decarbonization potential, targeting under-hyped companies that can build the industrial backbone of a resilient Europe. It invests across Europe with a core focus on the Nordics as a climate innovation hub and the DACH region as Europe's industrial heartland. As an Article 9 fund operating a dual carry model, it ties returns to verified climate impact and strict performance criteria, and brings experience scaling hard tech financially, operationally, and commercially.
Source: firm website, verified Aug 3, 2026.
Team · 7 people
from the firm's website & public directories
What they invest in
from 15 of 25 portfolio companiesCleantech ×6Climate Tech ×5Energy ×5Media & Entertainment ×4Advanced Manufacturing ×3Data & Infrastructure ×3Fintech ×3Cloud Computing ×2
HQs:Sweden×4Germany×2Denmark×2Canada×1United Kingdom×1Norway×1
Investments · 25 tracked
founders shown can be your intro pathBy year:2025 · 22024 · 32023 · 82022 · 22020 · 419 dated
Børsen is a Danish business news publication offering in-depth analyses and newsletters on finance and entrepreneurship.
Media & Entertainment
Co-investors92 CapitalSeed Capital Limited
ChargeLab develops EV charging management software and a programmable charging platform used by EV drivers, installers, and software developers.
EnergyMobility & TransportationSaaSEtobicoke, CA
Zak Lefevre(Cofounder)Zak L.(Founder)in
Co-investorsConstruct CapitalCreative Destruction Lab (CDL)Expansion Venture CapitalKing River CapitalMaple VCNotation Capital+4 more
Dustin is a leading online IT solutions provider in the Nordic region and Benelux, offering approximately 280,000 products and related services to businesses and public sector organizations.
Cloud ComputingEnterprise SoftwareFintechMedia & EntertainmentSaaSOslo, SE
BoardMorten E. Astrup
Co-investorsAugmentum CapitalKuorrokveik Adventure Capital
ecoLocked develops CO₂-negative building materials and a carbon-to-concrete platform for the construction industry to enable carbon insetting in buildings.
CleantechClimate TechConstruction TechNew MaterialsBerlin, DE
Co-investorsCounteract OneMatterwave VenturesBetter Ventures Central Llc
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Enerin develops industrial heat pump systems for heating and cooling applications.
Advanced ManufacturingCleantechClimate TechEnergyAsker, NO
Arne Høeg(Founder & CEO)inTrond Atle-Asphjell(Founder & Head of Concept Design)inKjartan Strand(CEO)in
Co-investorsMomentumMove EnergyPSVThe Footprint Firm
Entocycle uses industrial automation and machine learning to convert organic waste into animal and plant feed by breeding black soldier fly larvae at scale.
Advanced ManufacturingAgTechBiotechCircular EconomyFoodTechLondon, GB
Keiran Olivares Whitaker(Founder)inJames Millar(CEO)in
Co-investorsDCVC (Data Collective)Lowercarbon CapitalNazcaSustainable VenturesTeampact.venturesThe Venture Collective+8 more
Full-service automated B2B platform for casein production improving alternative cheese and ingredient quality.
Co-investorsAuxxoSimon CapitalFemale FoundersFund F
CakhiaTV is a free online platform for live football (soccer) streaming offering matches from major global tournaments including Premier League, Champions League, World Cup, and domestic leagues, with Vietnamese-language commentary and supplementary features like match schedules, standings, and highlights.
ConsumerMedia & Entertainment
Co-investors5Lion VenturesAlumni VenturesDisney AcceleratorEvolution VC PartnersRelevance VenturesCityRock Venture Partners+5 more
Kapwatch is a Danish news and media outlet covering capital markets, private equity, venture funds, and investment companies in Denmark and the Nordics.
FintechMedia & Entertainment
Pointfive provides a cloud cost optimization platform that surfaces actionable findings across infrastructure such as EKS, RDS, S3, Snowflake, and Lambda, showing each opportunity's owner, risk profile, remediation path, and savings estimate.
Cloud ComputingData & InfrastructureDeveloper ToolsNew York City, US
Alon Arvatz(Co-founder & CEO)inGal Ben David(Co-founder & CPO)inAmir Hozez(Co-founder & CTO)in
Co-investorsAccelEntrée CapitalIndex VenturesSnowflake VenturesVesey VenturesGreen Generation Fund+4 more
Qvantum manufactures heat pumps for commercial applications, offering models for air-to-water and liquid-to-water heat exchange systems with integrated control technology.
Advanced ManufacturingCleantechClimate TechConsumerEnergyHardwareÅstorp, SE
Ghislain Bouillet(Managing Director, France)inFredrik Rosenqvist(CEO)in
BoardPeter Nilsson(Chairperson of the Board)
Co-investorsEQT
Scale Energy develops, builds, and operates battery storage systems for commercial and industrial businesses, helping them cut peak loads, lower grid fees, and earn revenue on electricity markets.
CleantechClimate TechEnergy
Nikolas Fendel(Founder)in
Co-investorsAntlerVireo Ventures
Strong by Form develops technology that allows timber to compete with traditional construction materials, aimed at reducing the carbon footprint of the built environment.
CleantechClimate TechConstruction TechNew Materials
Andres Mitnik(Founder)in
Co-investorsSavia VenturesSteel AtlasTeampact.venturesVX VenturesCMPC Ventures
Trill Impact is a private equity firm that invests across buyout, venture, and microfinance strategies, combining financial returns with measurable social and environmental impact.
FintechImpact & Social GoodStockholm, SE
Jan Ståhlberg(Founder & Managing Partner)in
Co-investorsPFC Family OfficeFutury CapitalRethink Ventures
ZeroPoint develops hardware compression intellectual property that accelerates data throughput and capacity in AI and data center systems.
AI & Machine LearningData & InfrastructureDeep TechHardwareSemiconductorsGothenburg, SE
Dr. Angelos Arelakis(CTO & Co-founder)Prof. Per Stenström(CSO & Co-founder)Brett Cline(CEO)in
Co-investorsIndustrifondenMatterwave Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
<UNKNOWN>Hephaestus TechnologiesJolt ElectrodesLoginIDMakinasNovatron Fusion Group ABPackIoTRodinia GenerationWayout International
Portfolio news
latest coverage across their companiesEnerin · enerin.no · Dec 10, 2025
Trill Impact · thesaasnews.com · Dec 8, 2025
Frequently asked questions
- How many investments has Climentum Capital made?
- Climentum Capital has 25 tracked investments, including 2 dated in the last 24 months.
- What stage does Climentum Capital invest at?
- Climentum Capital invests at the Seed, Series A stages.
- What is Climentum Capital's typical check size?
- Climentum Capital typically writes checks of $1.1M – $5.4M.
- What sectors does Climentum Capital focus on?
- Climentum Capital focuses on Advanced Manufacturing, Circular Economy, Cleantech, Climate Tech, Deep Tech, Energy, Hardware, Impact & Social Good, New Materials.
- Where is Climentum Capital located?
- Climentum Capital is headquartered in Copenhagen, DK.
- Does Climentum Capital lead rounds?
- Climentum Capital typically participates in rounds rather than leading them.
- Who does Climentum Capital co-invest with?
- Climentum Capital most often shares deals with 92 Capital, Augmentum Capital, Kuorrokveik Adventure Capital, among 3 tracked co-investors.
From the blog
visit blog ↗Recent posts cover Climentum's launch of a \u20ac60 million first close of Fund II for European climate hard tech, media coverage of trade union IDA investing in that fund, and a thought-leadership piece arguing investors should reprice climate risk as insurers already have. AI summary
Media · Podcasts & interviews
featuring the teamWhy invest in Oslo? Morten Halborg, Climentum Capital
Oslo Business Region · Morten Halborg
Excerpt from Leaders In Cleantech #146 Malin Carlstrom – Climentum Capital 2
Leaders in Cleantech podcast · Malin Carlstrom
Co-investors · 5
Inovia Capital is a full-stack venture capital firm based in Canada with a presence in the EU, partnering with founders to build global technology companies.
Construct Capital is an early-stage venture capital firm that backs founders rebuilding foundational industries such as manufacturing, logistics, defense, and energy.
Root Ventures is a San Francisco-based deep tech seed fund led by engineers, focusing on leading initial funding rounds for founders pursuing new technical opportunities.
Third Sphere is an early-stage investor that deploys capital to upgrade systems across sectors such as infrastructure and supply chains, focusing on climate resilience beyond carbon reduction.
Firms observed investing alongside Climentum Capital, from public investor directories. Shared companies are the overlap with Climentum Capital's recorded portfolio.
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