Icos Capital
Venture capitalAmsterdam · Series A–Growth · 25 people tracked
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Investment thesis
Icos Capital targets the urgent challenge of decarbonising toward net zero by 2050. Through its Collaborative Venturing Platform (CVP), the firm pairs fast-growing innovators with established corporations, enabling growth financing alongside engineering and production expertise, infrastructure, and market access. This proven model is being continued in the firm's fourth fund, Icos IV, reflecting a sustained emphasis on climate and clean technology investments supported by corporate partnerships.
Source: firm website, verified Aug 3, 2026.
Team · 25 people
from the firm's website & public directoriesWhat they invest in
from 7 of 8 portfolio companiesAgTech ×4Biotech ×4FoodTech ×3New Materials ×3Circular Economy ×2Cleantech ×2Climate Tech ×2Data & Infrastructure ×1
HQs:Estonia×1Spain×1Netherlands×1United States×1
Investments · 8 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 12024 · 12023 · 12020 · 12019 · 27 dated
eAgronom builds farm management software that helps farmers monitor and verify sustainable practices, generate carbon credits, improve agricultural efficiency, and access financing.
AgTechClimate TechSaaSTallinn, EE
Kristjan Luha(Co-founder)in
Co-investorsBalnord Sp. z o.o.Soulmates VenturesSpecialist VCTrind VenturesYolo InvestmentsZGI-4+3 more
Foamlab develops bio-nanocellulose foam grown by microorganisms through fermentation, offering compostable, tunable alternatives to oil-based plastics and foams.
BiotechCircular EconomyNew Materials
Co-investorsSHIFT Invest
Fotoniq produces PAR+, a sprayable coating for greenhouses that diffuses sunlight while maintaining grow light penetration to increase crop yields and reduce operational costs.
AgTechCleantechHardwareNew Materials
Sadiq van Overbeek(Ambassador and co-founder PAR+)inWillem Kesteloo(CEO PAR+ and co-founder)in
Co-investorsNavus Ventures
Holiferm develops and produces performance ingredients using biomanufacturing and fermentation, supplying biosurfactants for use in personal care, cosmetics, and household cleaning products.
BiotechCleantechNew Materials
Ben Dolman(Co-founder & Director)inJames Winterburn(Co-founder & Chief Scientific Officer)in
Co-investorsClean Growth FundRhapsody Venture Partners
MOA Food Tech develops sustainable food ingredients.
BiotechCircular EconomyFoodTechNoáin, ES
Bosco Emparanza García(Founder)inSusana Sánchez Gómez(Founder)in
Co-investorsBig Idea VenturesBStartupSwanlaab Venture FactoryClaveClave CapitalEIC
NutriLeads employs in-house experts with backgrounds in food technology, microbiology, nutrition, and health across academic and industry sectors.
AgTechBiotechFoodTechHealthtechWellness & FitnessWageningen, NL
Co-investorsSHIFT Investdsm-firmenich VenturingOost NLThuja Capital
TRACT operates a sector-owned sustainability measurement platform for the agriculture and food industry, centralizing data collection, supply chain traceability, and performance measurement across environmental, social, and economic metrics.
AgTechClimate TechData & InfrastructureFoodTechImpact & Social Good
Co-investorsFFFWorking Capital FundFuture Food FundLDCPymwymicRabo Investments
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Portfolio news
latest coverage across their companiesFoamlab · eu-startups.com · Apr 24, 2026
Holiferm · holiferm.com · Feb 26, 2026
TRACT · tract.eco · Oct 23, 2025
Frequently asked questions
- How many investments has Icos Capital made?
- Icos Capital has 8 tracked investments, including 2 dated in the last 24 months.
- What stage does Icos Capital invest at?
- Icos Capital invests at the Series A, Growth stages.
- What is Icos Capital's typical check size?
- Icos Capital typically writes checks of $1.1M – $5.5M.
- What sectors does Icos Capital focus on?
- Icos Capital focuses on AgTech, Circular Economy, Cleantech, Climate Tech, Energy, FoodTech, Impact & Social Good, New Materials.
- Where is Icos Capital located?
- Icos Capital is headquartered in Amsterdam, NL.
Media · Podcasts & interviews
featuring the teamInvest Europe Leader Interviews: Nityen Lal, Icos Capital
Invest Europe · Nityen Lal
Nityen Lal, Icos Capital
Invest Europe · Nityen Lal
ECO17 Amsterdam: Peter van Gelderen Icos Capital
Ecosummit · Peter van Gelderen
TVC 2015: Nityen Lal (ICOS Capital) on "Success of technostarters in water sector”
CUTEC Cambridge · Nityen Lal
ECO14 Berlin: Peter van Gelderen Icos Capital
Ecosummit · Peter van Gelderen
ECO13 London: Peter van Gelderen Icos Capital
Ecosummit · Peter van Gelderen
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