Helsinki · Seed–Series A · 13 people tracked
Investment thesis
Greencode Ventures backs European founders building AI-driven solutions for energy systems, industrial operations, and critical infrastructure, targeting a smarter, greener, and more resilient future. The firm invests in the applied AI layer enabling the energy and industrial transition, from Seed through Series A. It focuses on optimizing existing energy capacity and unlocking flexibility, improving industrial yield, quality, throughput and circularity, and building, monitoring and maintaining critical infrastructure assets at scale. The team consists of sector experts, former founders, and energy-native investors with experience building and backing industrial and energy companies across cycles.
Source: firm website, verified Aug 7, 2026.
Team · 13 people
from the firm's website & public directoriesWhat they invest in
from 15 of 18 portfolio companiesSaaS ×10AI & Machine Learning ×9Energy ×6Cleantech ×5Climate Tech ×5E-commerce ×3Mobility & Transportation ×3B2B Marketplaces ×2
HQs:Finland×7Germany×2United Kingdom×1United States×1
Investments · 18 tracked
founders shown can be your intro pathBy year:2026 · 22024 · 24 dated
Ubotica develops artificial intelligence that runs directly on satellites to process Earth observation imagery in orbit, delivering real-time intelligence for maritime monitoring and other Earth observation applications.
AI & Machine LearningCleantechClimate TechDefense TechEnergySaaSSpace TechHelsinki, FI
Juha Stenberg(CEO)Ville Parviainen(CTO)Fintan Buckley(CEO)Stefan Sack(CEO)Raimel Medina(CTO)John Bourke(CFO)
Co-investorsFarvatn VentureTesi (Finnish Industry Investment Ltd)
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(Co-founder)Antti Ijäs(Co-founder)Hannes Junnila(Co-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-investorsMMC VenturesLightspeed Venture PartnersRTP Global
Constructor provides AI-powered product search and discovery software for ecommerce retailers.
AI & Machine LearningE-commerceSaaSSan Francisco, US
Eli Finkelshteyn(Founder)inDan McCormick(Founder, former CTO at Shutterstock)inIgor Finkelshteyn(Executive Officer, Director)
BoardAsh Fontana(Director)in
Co-investorsFusionSapphire VenturesSilversmith Capital Partnersxista science venturesZetta Venture Partners
Cronvall operates a two-sided digital platform for industrial procurement, letting buyers in manufacturing, construction, and property maintenance find, compare, and purchase materials while giving suppliers tools to digitize inventory and pricing.
Advanced ManufacturingAI & Machine LearningB2B MarketplacesE-commerceLogistics & Supply Chain
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
Co-investorsRethink VenturesSuperhero Capital
Mixed-fuel fleet management platform
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)
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 & TransportationSaaS
Co-investorsEnBW New Ventures GmbHVireo 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(Co-Founder)inDaniel Seidel(Co-Founder)in
Co-investorsBerliner Volksbank VenturesDeepTech & Climate FondsDvH VenturesMatterwave VenturesMMC VenturesNordicNinja+4 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
Co-investorsxista science ventures
Repath provides an AI-powered platform that quantifies physical climate risk, financial exposure, and adaptation ROI at the asset level for infrastructure portfolios.
AI & Machine LearningCleantechClimate Tech
Julius Pröll(Co-founder & Managing Director)
Co-investorsAuxxoBetter VenturesLightbird Ventures AGNucleus Capital
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
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
Co-investorsHeartfelt CapitalLifeline VenturesWave Ventures
Co-investorsSeraphim SpaceDolby Family Ventures
Portfolio news
latest coverage across their companiesConstructor · therecursive.com · Jun 24, 2026
eMabler · itbranschen.com · Jun 17, 2026
LiveEO · spacewatch.global · May 21, 2026
Supercritical · qcintel.com · May 7, 2026
Groundhawk · arcticstartup.com · Mar 10, 2026
Cronvall · finsmes.com · Nov 13, 2025
Renow · thesaasnews.com · Jun 19, 2025
Frequently asked questions
- How many investments has Greencode Ventures made?
- Greencode Ventures has 17 tracked investments, including 2 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?
- Greencode Ventures typically participates in rounds rather than leading them.
- Who does Greencode Ventures co-invest with?
- Greencode Ventures most often shares deals with MMC Ventures, Superhero Capital, Lifeline Ventures, among 37 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 capital firm that has operated for nearly 15 years, emphasizing focus over scale.
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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