Fundraising Fox
Helsinki · Seed–Series A · 14 people tracked
Also known as Greencode
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Investment thesis
Greencode Ventures backs European founders building AI-driven solutions that support the transition of energy systems, industrial operations and critical infrastructure toward being smarter, greener and more resilient. The fund focuses on the applied AI layer within three areas: energy (optimizing existing capacity and unlocking flexibility and sustainable output), industry (improving yield, quality and throughput while enabling circularity), and infrastructure (building, predicting, monitoring and maintaining critical assets at scale with resilience and compliance). It invests from Seed through Series A, drawing on a team of sector experts, former founders and energy-native investors with deep operating experience across cycles.
Source: firm website, verified Sep 27, 2026.
Team · 14 people
from the firm's website & public directories
Founder mafia
3 people who came through Greencode Ventures went on to found or lead other companies.
What they invest in
from 17 of 18 portfolio companiesAI & Machine Learning ×10SaaS ×9Energy ×7Cleantech ×5Climate Tech ×5Deep Tech ×4E-commerce ×3Enterprise Software ×3
HQs:Finland×6Germany×3Denmark×1United Kingdom×1United States×1
Who they back
founder profiles across 8 portfolio companiesFounding team size:solo founder×42 founders×23 founders×14+ founders×1
What their founders studiedfrom 11 founders with field-of-study data
Engineering ×4Computer Science ×3Business & Management ×2
Where their founders worked beforefrom 11 founders with career history
Songkick ×2
Investments · 18 tracked
founders shown can be your intro pathBy year:2026 · 52025 · 22024 · 29 dated
Renow is an AI-powered recommerce platform that converts e-commerce returns into sustainable resales by offering virtual warehouses and a grading engine to retailers and 3PLs, while selling discounted second-hand products from top brands to consumers.
AI & Machine LearningCircular EconomyE-commerceHelsinki, FI
Kalle Koutajoki(Founder)inAntti Ijäs(Co-founder)inHannes Junnila(Founder)inAntti Ijas(Founder)
Co-investorsSuperhero Capital
Supercritical runs a carbon removal marketplace that sources, vets, and guarantees permanent carbon dioxide removal (CDR) credits for corporate buyers while co-developing supply with removal projects such as biochar.
B2B MarketplacesCleantechClimate TechLondon, GB
Michelle You(Co-founder & CEO)inAaron Randall(Co-founder & CTO)in
Co-investorsLightspeed Venture PartnersMMC VenturesDeep Science VenturesLocalGlobeRTP GlobalLatitud Ventures
Constructor provides AI-powered product search and discovery software for ecommerce retailers.
AI & Machine LearningE-commerceRetail TechSaaSSan Francisco, US
Eli Finkelshteyn(Founder)inDan McCormick(Founder, former CTO at Shutterstock)inIgor Finkelshteyn(Executive Officer, Director)
BoardAsh Fontana(Director)in
Co-investorsFusionSapphire VenturesSignia Venture PartnersSilversmith Capital Partnersxista science venturesZetta Venture Partners
Cronvall is a Finnish e-commerce platform for purchasing industrial and construction products, offering competitive pricing, transparent availability, order tracking, and fast delivery from a network of over 100 suppliers.
Advanced ManufacturingAI & Machine LearningB2B MarketplacesConstruction TechE-commerceEnterprise SoftwareLogistics & Supply ChainFinland, FI
Walter MasalininToomas Lehtonenin
Co-investorsInnovestor VenturesInnovestor
eMabler provides a cloud-based management platform for electric vehicle chargers that enables operators to monitor, control, and configure charging networks from a centralized dashboard.
EnergyIoTMobility & TransportationSaaSHelsinki, FI
Juha Stenberg(Founder)in
Co-investorsRethink VenturesSuperhero Capital
éXō Fleets is a fleet ERP and master data platform for mixed-fuel, mixed-class and multi-site fleet operators, unifying data on vehicles, fuels, depots, routes and infrastructure.
Logistics & Supply ChainMobility & TransportationSaaS
Alan Crowley(CEO & Co-Founder)in
Co-investorsDelta Partners
FlexeCharge develops software for EV charging energy and load management, helping Charge Point Operators and solution providers address grid constraints, reduce energy costs, and create new revenue streams.
CleantechEnergyMobility & TransportationSaaSFrederiksberg, DK
Max Brandt(CEO)in
Co-investorsEnBW New Ventures GmbHEneco VenturesVireo Ventures
Groundhawk develops software for mapping and documenting underground infrastructure such as electricity and fiber networks with centimeter-level precision, capturing as-built data directly during construction.
AI & Machine LearningConstruction TechDeep TechEnergySaaSEspoo, FI
Keto Software provides a platform that gives leaders a consolidated view of their project and strategy portfolio, combining openness and AI to support decision-making as goals change.
AI & Machine LearningEnterprise SoftwareSaaS
Co-investorsEmerald Technology Ventures Ag
Treeline is an AI-powered, satellite-based vegetation management platform that analyzes high-resolution stereo satellite imagery to detect grow-in, fall-in, and hazard trees near power lines with sub-meter accuracy.
AI & Machine LearningClimate TechEnergyEnterprise SoftwareSaaSSpace TechBerlin, DE
Sven Przywarra(Founder)inDaniel Seidel(Founder)in
Co-investorsBerliner Volksbank VenturesDeepTech & Climate FondsDvH VenturesMatterwave VenturesMMC VenturesNordicNinja+5 more
Lumoview digitizes existing buildings by capturing interior room geometry, facades, thermal and building-envelope data to produce 3D CAD/BIM models, 2D floor plans, room books and structured building data.
AI & Machine LearningDeep TechPropTech
Co-investorsWakeUp Capital
Ora Computing offers automated large language model compression using an information theory-based algorithm to shrink LLMs by up to 70% while preserving accuracy.
AI & Machine LearningCloud ComputingDeep Tech
Co-investorsConstructor Capital USxista science ventures
Repath provides forward-looking valuation and risk analysis for infrastructure investors, correcting assumptions such as yield and insurance in assets like renewable energy projects.
AI & Machine LearningCleantechClimate TechEnergyFintechHamburg, DE
Julius Pröll(Co-founder & Managing Director)in
Co-investorsAuxxoBetter Ventures Central LlcLightbird Ventures AGNucleus Capital
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Supercritical develops a high-pressure, efficient electrolyser technology for producing green hydrogen, enabling industrial transition away from fossil fuels.
CleantechClimate TechDeep TechEnergy
Matt Bird(Founder)inMike Russ(Co-founder)inAaron Randall(Founder)Luke Tan(Founder)Michelle You(Founder)in
Co-investorsAlumni VenturesBlackfinch VenturesDeep Science VenturesEarth Venture CapitalGlobal BrainLowercarbon Capital+3 more
Sustashift offers a sustainability reporting platform serving businesses, and acquired Tofuture's business to expand to around 60 customers across five countries.
Climate TechImpact & Social GoodSaaS
Co-investorsWave Ventures
Synergi operates a platform that connects and optimizes distributed energy resources (EVs, solar, heat pumps, batteries) to balance electricity supply and demand across households and the grid.
CleantechConsumerEnergySaaS
Antti Hammainen(Founder)Harri Iisakka(Founder)Petrus Holm(Founder)
Co-investorsHeartfelt CapitalLifeline VenturesWave Ventures
Ubotica builds orbital AI that runs across satellites and ground systems to monitor the maritime domain, predicting where risk is rising, tasking satellites and sensors to investigate, and delivering actionable intelligence.
AI & Machine LearningDefense TechSpace Tech
Co-investorsAtlantic Bridge VenturesSeraphim SpaceDolby Family Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
éXō Fleets
Portfolio news
latest coverage across their companiesUbotica Technologies · finsmes.com · Jul 2, 2026
eMabler · finsmes.com · Jun 16, 2026
Groundhawk · finsmes.com · Mar 9, 2026
Renow · thesaasnews.com · Jun 19, 2025
Frequently asked questions
- How many investments has Greencode Ventures made?
- Greencode Ventures has 18 tracked investments, including 8 dated in the last 24 months.
- What stage does Greencode Ventures invest at?
- Greencode Ventures invests at the Seed, Series A stages.
- What is Greencode Ventures's typical check size?
- Greencode Ventures typically writes checks of $5.4M.
- What sectors does Greencode Ventures focus on?
- Greencode Ventures focuses on Advanced Manufacturing, AI & Machine Learning, Circular Economy, Cleantech, Climate Tech, Energy, IoT, Mobility & Transportation, New Materials.
- Where is Greencode Ventures located?
- Greencode Ventures is headquartered in Helsinki, FI.
- Does Greencode Ventures lead rounds?
- Yes, Greencode Ventures leads investment rounds.
- Who does Greencode Ventures co-invest with?
- Greencode Ventures most often shares deals with MMC Ventures, Superhero Capital, Innovestor Ventures, among 29 tracked co-investors.
Media · Podcasts & interviews
featuring the teamImages
Co-investors · 4
Lifeline Ventures is a sector-agnostic early-stage investor that partners with founders from the very beginning and supports them as they grow. Its team brings global experience building and scaling companies as founders and in executive roles.
Rethink Ventures is a venture capital firm that invests in transportation sustainability companies. The firm focuses exclusively on this sector across its investment portfolio.
Point Nine is an early-stage venture firm that has invested in roughly 10-12 startups per year since 2008, with a focus on SaaS and B2B companies.
IBB Ventures is a Berlin-based venture capital investor that backs startups across healthcare, industrial tech, software & IT, consumer tech, D2C and brands, as well as impact ventures addressing social and environmental challenges.
Firms observed investing alongside Greencode Ventures, from public investor directories. Shared companies are the overlap with Greencode Ventures's recorded portfolio.
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