Funding · 08 Sep · —
Lignosphere aims to commercialize the utilization of lignin with the help of Kiillo's investment company.
Launch · 07 Sep · —
DNV has invested in Wind AI, integrating its software into Wind AI's platform to create a combined solution that enhances revenue generation for DNV and adds value for Wind AI's customers.
Hire · 07 Sep · —
Steven Prast has recently become the Chief Operating Officer of the Swedish battery company Holyvolt.
Launch · 05 Sep · —
Volare has launched a new factory in Pori that produces protein from industrial food waste for fish feed and pet food, aiming for significant revenue and production this year.
Launch · 04 Sep · —
Studsvik announced a contract for the development of four BWRX-300 small reactors in Sweden, with the first expected to be operational by the mid-2030s.
Launch · 04 Sep · —
Planck Technologies is working on building a project to cool data centers.
Hire · 04 Sep · —
Planck Technologies has hired its seventh and eighth employees, positions that received over 200 applicants.
Launch · 02 Sep · —
Nofence is launching the N3 collar for cattle, which includes satellite coverage and features for monitoring animal health and activity.
Funding · 02 Sep · EUR 1.4M
Stavanger-based company Water has raised 15 million Norwegian kroner from Grieg Kapital and Kverva-owned IVC to build its organization and scale its water treatment technology for aquaculture.
Funding · 02 Sep · EUR 555K
Gadder has secured around six million kroner through grants and competition prizes.
Launch · 02 Sep · —
Skeleton Technologies and Infineon Technologies have signed a memorandum of understanding to develop power supply solutions for AI data centers, aiming to improve energy efficiency and system reliability.
Launch · 02 Sep · —
Gadder is launching Gadder Proff, a professional version of its AI-based energy efficiency solution for energy advisors, municipalities, and owners of commercial buildings.
Funding · 31 Aug · EUR 1.0M
Volare is seeking funding from investors in Springvest's funding round, with Maki.vc committing to invest about one million euros.
Exit · 31 Aug · —
St1 Biokraft acquired Danish Bio Commodities, expanding its operations in Denmark and increasing production capacity.
Launch · 28 Aug · EUR 450.0M
Einride founders launched a venture firm aiming for €450 million in European deep tech investments.
Launch · 27 Aug · —
Eldi, the company established within the Hampiðjan group at the beginning of the year to serve the fish farming market, has exceeded expectations.
Funding · 25 Aug · EUR 1.0M
Osmund has received a pre-seed investment of one million euros from PSV Tech to launch its electricity company that will sell electricity at cost price.
Launch · 24 Aug · EUR 2.0M
Atsinaujinančios energetikos investicijos is launching a new bond issue worth 2 million Euros with a 9% yield, available to investors in Lithuania, Latvia, and Estonia.
Hire · 24 Aug · —
Julia Staunig has been appointed as the new CEO of Position Green, succeeding co-founder Daniel Gadd, who will remain as an advisor and board member.
Launch · 24 Aug · —
SideWind has launched its wind turbine technology on the container ship Helgafell, marking the start of sea trials for an integrated wind and solar energy system.
Launch · 21 Aug · —
Skeleton Technologies has moved its battery production to Finland, establishing a factory in Varkaus to produce new 'super batteries' that address energy storage challenges.
Launch · 20 Aug · EUR 1.4M
Materia is launching Byggom, an AI-driven decision-making solution aimed at improving material reuse in the construction industry, with a total budget of 15.4 million NOK over three years.
Funding · 19 Aug · —
Renasys is planning to raise capital to scale the rollout of its wastewater treatment technology.
Funding · 19 Aug · EUR 3.0M
SnerpaPower raised 3.0 million euros in seed funding led by Encevo, with Crowberry Capital and BackingMinds returning, to accelerate its European expansion. A 0.4 million euro Voxtur grant from the Icelandic Technology Development Fund came alongside.
Funding · 19 Aug · EUR 400K
SnerpaPower received a 0.4 million euro Voxtur grant from the Icelandic Technology Development Fund alongside its seed round.
Launch · 19 Aug · —
Utilitycloud will manage billing, customer handling, and market communication for Greenely, starting with Sweden.
Launch · 12 Aug · —
Exocon has developed a new air-to-water heat pump that operates effectively in extreme cold conditions, specifically at temperatures as low as -35 degrees Celsius.
Funding · 10 Aug · EUR 4.4M
Nordic Forestry Automation closed its largest funding round to date, raising 48 million kronor led by Navigare Ventures and Almi Invest Greentech.
Launch · 06 Aug · EUR 1.0M
SIA Balticfloc is preparing to start the production of insulation boards, requiring significant investments estimated at least one million euros.
Launch · 05 Aug · —
Farmdroid is launching a new version of their field robot in the autumn.
Launch · 01 Aug · —
Veski Teod has launched Estonia's first snail farm, producing snail vodka and exporting to Ireland, and has partnered with two restaurants.
Funding · 30 Jul · EUR 1.0M
Granarium Technologies has raised one million euros in seed funding to commercialize its supercapacitor technology made from renewable materials.
Launch · 28 Jul · —
Sunly plans to build the largest data center in the Baltics in Risti, with an initial capacity of 180 megawatts, potentially increasing to 400 megawatts.
Hire · 28 Jul · —
Roderick Scotto has been appointed as the temporary CEO of Retyre, succeeding founder Paul Magne Amundsen, who will transition to the role of Chief Strategy Officer.
Funding · 28 Jul · EUR 3.6M
Reduciner has raised 3.6 million euros in funding to build a research center and pilot plant for its technology that converts captured carbon dioxide into fuel.
Launch · 28 Jul · EUR 91K
Ocean Wind Services is developing a new foundation solution for offshore wind turbines, designed for depths of 70–200 meters, and has spent about 1 million NOK on this development.
Funding · 23 Jul · EUR 5.3M
Norwegian climate tech startup EQON has raised a $6 million seed round led by Azolla Ventures and co-led by Wilstar Innovate.
Launch · 22 Jul · —
Monil is targeting the American market with its virtual fencing technology for monitoring cows.
Exit · 22 Jul · —
Safegrid, a Finnish technology company, was sold to G&W Electric, an American company, for millions of euros.
Launch · 22 Jul · —
Corpower Ocean has received the world's first official certification for its wave power plant, marking a significant milestone for the company and the wave power industry.
Launch · 20 Jul · —
Terra Labs has signed agreements with Sweden's three largest forestry owner associations and is aiming for global expansion.
Launch · 17 Jul · —
Nofence is developing features for its collars that can detect estrus and predict when a cow will calve, aiming to evolve from a fence product to an operating system for meat production and grazing animals.
Hire · 17 Jul · —
Algiecel has appointed Mette Ingeman Pedersen as chief financial officer, strengthening its leadership team.
Hire · 17 Jul · —
Nofence increased its number of employees from 67 to 92 over the past year, and now has 120 employees, including 15 in the USA.
Launch · 17 Jul · —
Steady Energy is launching a project to develop a small nuclear power plant in Jyväskylä, Finland, with a partnership to explore its suitability for district heating.
Launch · 15 Jul · —
Ekoda launches battery storage systems built from surplus batteries sourced from Mercedes-Benz.
Funding · 14 Jul · EUR 3.3M
Danish startup Visibuilt raised a 25M DKK (€3.34M) seed round co-led by EIFO and Unconventional Ventures to develop mycelium-based binders for asphalt and paving materials.
Launch · 12 Jul · —
Monil launches grazing collars that function as virtual fences and smartwatches for cows, targeting the American market.
Launch · 10 Jul · —
SIEMAS has developed a software system that uses industrial freezers as a flexible energy storage solution, shifting energy consumption to times when electricity is cheaper and produced with a lower carbon footprint.
Funding · 02 Jul · EUR 4.0M
Oktogrid has raised an investment of approximately 30 million Danish kroner to expand into Southern Europe, the UK, Ireland, and North America.
Launch · 01 Jul · EUR 8.0M
Merus Power will deliver an energy storage system worth over €8 million to Exilion at the Varevaara wind farm in Tervola.
Funding · 01 Jul · EUR 2.5M
Swedish startup Digiclean secures €2.5 million seed for manufacturing process optimisation
Launch · 26 Jun · —
Perfat Technologies unveiled a high-fibre oleogel made from sunflower oil as a solid-fat alternative for food manufacturers.
Funding · 24 Jun · EUR 1.4B
Stegra closed a €1.4 billion financing round led by a Wallenberg Investments consortium, with broad support from existing shareholders and lenders, to complete its Boden plant.
Launch · 01 Jun · —
Energy Balancing began providing balancing services using its own virtual power plant, allowing it to purchase electricity from producers and trade it on the exchange while participating in balancing markets.
Funding · 08 May · EUR 15.0M
Copenhagen’s Reel raises €15 million to make renewable energy predictable for businesses and profitable for producers.
Hire · 07 May · —
Stella Energy appoints Peter Bardenfleth-Hansen as the new CEO to lead the company into its next growth phase.
Funding · 07 May · EUR 3.0M
Skogsdrönare from Uppsala has raised 33 million SEK in funding.
Funding · 04 May · EUR 3.6M
Finland’s TheStorage raises €3.6 million seed to commercialise sand-based energy storage.
Funding · 04 Mar · EUR 15.0M
Photoncycle raised EUR 15.0M in Series A.
Funding · 26 Feb · EUR 18.0M
Reykjavik Geothermal raised EUR 18.0M in Series B, led by Innviðir fjárfestingar II.
Funding · 20 Feb · EUR 4.0M
REDUCED raised EUR 4.0M in Series A, led by Delphinus Venture Capital.
Funding · 18 Dec · EUR 6.8M
Cordulus raised EUR 6.8M in Series A, led by Delphinus Venture Capital.
Funding · 11 Dec · EUR 8.0M
Spoor raised EUR 8.0M in Series A, led by SET Ventures.
Funding · 19 Nov · EUR 5.0M
Nordic development finance institution Nefco provided EUR 5 million in debt financing to Merus Power to support its international expansion into Northern and Central Europe, partly backed by the European Investment Fund. This is separate from the company's July 2026 launch event already on file.
Exit · 12 Nov · —
Einride, merger by Legato Merger Corp III.
Funding · 01 Oct · EUR 90.0M
Einride raised EUR 90.0M in Series D, led by Northzone.
Funding · 24 Sep · EUR 2.3M
Cetasol raised EUR 2.3M in seed.
Funding · 10 Sep · EUR 2.5M
Perfat Technologies raised EUR 2.5M in Series A.
Launch · 12 Aug · —
Ambient Carbon announced the first large-scale dairy-barn field validation of its MEPS methane-eradication system after tests destroyed up to 90% of inlet-air methane.
Funding · 11 Aug · EUR 150.0M
Aira raised EUR 150.0M in Series C.
Funding · 03 Jul · —
Received a grant to develop Vistbók, a smart database service for the environmental impact of building materials.
Funding · 03 Jul · —
Received a grant for research and development on the utilization of textile waste and wool in Iceland.
Funding · 03 Jul · —
Received a grant for its project on Circular Economy Sharing Systems.
Funding · 03 Jul · —
Received a market development grant for business development for forest measurement software.
Funding · 12 Jun · EUR 2.5M
Engrate raised EUR 2.5M in seed, led by Maniv.
Funding · 03 Jun · EUR 54.0M
Aerones raised EUR 54.0M in Series B.
Funding · 01 May · EUR 8.5M
Safegrid raised 8.5 million euros in funding to expand into the U.S. market.
Funding · 16 Oct · EUR 63.0M
Aira added EUR 63M to its Series B from existing investors Temasek, Statkraft Ventures, Kinnevik and Altor.
Funding · 15 Oct · EUR 832K
Nordic Forestry Automation and industry partners were awarded SEK 9.4 million from Vinnova to develop next-generation AI-based operator support for harvesters. The project, which includes Sveaskog, Sodra, SLU, Skogforsk, Chalmers Industrial Technology and BOID, runs until July 2026.
Funding · 18 Sep · EUR 106.0M
The Swedish Energy Agency granted Stegra SEK 1.2 billion in state aid through the Industrial Leap programme to build its integrated low-carbon steel plant; the aid had European Commission approval.
Funding · 17 Sep · —
Ambient Carbon raised an undisclosed seed investment from Exascale Fund.
Funding · 12 Jun · EUR 200.0M
Aira secured a EUR 200M debt-financing facility from BNP Paribas to finance heat-pump installations in Germany.
Funding · 29 Apr · EUR 2.0M
Cetasol closed a EUR 2M seed round from Sarsia, ShipsFocus and Impact X Capital to expand its maritime energy-efficiency software and double R&D.
Funding · 05 Apr · EUR 5.0M
Photoncycle closed a EUR 5M seed round led by Lifeline Ventures to develop seasonal residential energy storage.
Funding · 04 Apr · EUR 6.0M
REDUCED secured EUR 6M in financing led by Novo Holdings to scale its natural food-ingredients business.
Launch · 18 Mar · —
Velja offers a software solution for clothing rental, contributing to an improved circular economy.
Launch · 18 Mar · —
Vistbók collects sustainability information for building materials and presents it in an accessible digital format.
Launch · 18 Mar · —
Flöff aims to establish the first textile recycling facility in Iceland to create new values from unusable textiles.
Funding · 23 Feb · EUR 2.0M
Thermal-energy-storage spinout Cartesian raised NOK 23 million in a funding round and separately received NOK 8 million in R&D funds from the Research Council of Norway and Innovation Norway.
Funding · 22 Jan · EUR 250.0M
H2 Green Steel announced a €250 million EU Innovation Fund grant for its large-scale green-steel plant as part of its January 2024 financing package.
Funding · 16 Jan · EUR 145.0M
Aira raised an upsized EUR 145M Series B co-led by Altor, Kinnevik and Temasek to accelerate residential-heating electrification in Europe.
Funding · 08 Jan · EUR 4.4M
Aerones secured a EUR 4.416M grant from the EU Innovation Fund to produce and deploy wind-turbine blade repair robots.
Funding · 18 Oct · EUR 86.5M
Aira raised SEK 1B in equity funding from climate- and innovation-focused investors including Altor, Collaborative Fund, Creades, Kinnevik, and Lingotto.
Funding · 07 Sep · EUR 1.5B
H2 Green Steel raised about €1.5 billion in a private equity placement co-led by Altor, GIC, Hy24, and Just Climate to finance its Boden green-steel plant.
Launch · 01 Sep · —
Alight has inaugurated a 101 megawatt solar power plant in Eurajoki, Finland, marking its first project in the country.
Funding · 20 Jul · EUR 871K
Nordic Forestry Automation raised SEK 10 million in its first funding round, with Almi Invest, Sveaskog and Sodra named as backers. The capital supports development of AI-based operator support technology for forestry machinery.
Funding · 19 Jul · —
Big Idea Ventures announced an early-stage investment of undisclosed size in Perfat Technologies through its New Protein Fund II.
Funding · 10 May · —
Orb develops technology to measure carbon sequestration in forests to promote responsible carbon offsetting.
Funding · 10 May · —
Resea Energy aims to produce biofuels from waste from cultivated seaweed.
Launch · 17 Mar · —
Alor is working on the development and production of environmentally friendly aluminum batteries and energy storage solutions.
Launch · 17 Mar · —
Orb develops technology to measure carbon sequestration in forests to promote responsible carbon offsetting.
Launch · 17 Mar · —
Melta offers circular services and produces organic fertilizer from organic waste in rural areas and municipalities.
Launch · 17 Mar · —
Mar Eco focuses on environmentally friendly solutions in the production and use of fishing gear, utilizing recycled plastic waste from the sea.
Launch · 17 Mar · —
Resea Energy aims to produce biofuels from waste from cultivated seaweed.
Launch · 17 Mar · —
Bambahús are greenhouses that promote the circular economy by reusing liquid packaging that would otherwise be disposed of.
Funding · 18 Jan · EUR 1.3M
Algiecel, a carbon capture as a service company, raised DKK 10 million (EUR 1.3 million) in a seed funding round led by Denmark's Export and Investment Fund, with a UK based family fund and private individuals also participating.
Funding · 27 Dec · EUR 36.6M
Aerones raised USD 38.9M in growth funding co-led by Lightrock and Haniel to scale robotic wind-turbine maintenance.
Funding · 12 Dec · EUR 3.0M
OKTO GRID (now Oktogrid) raised a EUR 3 million seed round led by ABB with participation from Rockstart, EMD Fonden and Elewit to accelerate the digitisation of grid transformer assets. This predates the company's July 2026 growth round already on record.
Funding · 19 Oct · EUR 70.0M
H2 Green Steel added €70 million at the final close of its Series B from investors including Hitachi Energy, Kobe Steel, and Kinnevik, taking the full Series B to €260 million.
Funding · 29 Aug · EUR 190.0M
H2 Green Steel secured €190 million in the first close of its Series B equity financing, co-led by AMF, GIC, Schaeffler, and Altor Fund V.
Funding · 09 Jun · EUR 2.9M
REDUCED raised EUR 2.9M in a seed round co-led by Vækstfonden and VÅR Ventures to scale ingredients made from food-industry side streams.
Funding · 23 May · EUR 86.2M
H2 Green Steel, now Stegra, closed a $105 million Series A equity round backed by strategic industrial partners and long-term investors to accelerate its green-steel plans.
Funding · 16 Jun · EUR 1.4M
Aerones raised USD 1.6M while pivoting its robotic technology toward wind-turbine maintenance.
Hire · 23 Apr · —
Mari Koivisto has been appointed as the new CEO of Metsän Woima, aiming to ensure future growth.